As a mortgage lender, you can’t find the success you seek when you spend so much time working on your business that you have little time left to work on your business. If, as a lender, you are managing the progress of your loan throughout the life of the loan, you cannot focus on marketing your business or developing business growth strategies. Without new clients and expansion, you can’t raise capital for growth, and without the capital to increase staff or internal resources, you’ll be caught in a cycle of trying to keep your head above water without reaping the benefits of your hard work. .

Originating a loan requires several steps. There are processing requirements, compliance concerns, post-closing and compliance issues, and packaging and investor considerations. Small lenders often do not have the in-house resources to manage the life of a loan from origination to the secondary market, nor the capital or infrastructure to add these services to their existing business models. In addition, with the lending industry facing the challenges of shrinking originations and the fallout from subprime mortgages, and many small lenders having to close their doors, it is unfeasible for small and midsize lenders to increase their overhead with staffing. software platforms or other infrastructure. expansion. This increases the amount of work left for lenders and their small support teams, forcing them in many cases to be jacks of all trades and masters of none. Add a changing number of investor and regulatory compliance considerations to the stack, and you have a situation where speed and efficiency can’t be a reality because there’s too much to manage with a skeleton team.

So what’s the best solution for small and midsize lenders who need reliable management of their origination, fulfillment, and post-closing workflow?

Find an expert provider of mortgage compliance and mortgage processing solutions. Lenders need an alternative variable cost outsourcing solution that not only streamlines their processes and allows them to shift their approach to replenishing their portfolios, but also allows them to reduce risk, errors, and overhead in their mortgage operations, while leaving to respond to fluctuations. in your loan closing pipeline.

Lenders who outsource their back-office operations to a third-party service provider can gain access to a host of services and benefits, including having multiple document systems, fraud, compliance options available to them that would not be managed in practice or financially. feasible to maintain under an in-house model. Industry-leading outsourced fulfillment providers partner and interbreed with respected specialty providers in the mortgage industry, allowing them to customize processes to reflect lenders’ unique business practices. By helping them meet the requirements of their investors and warehouse line providers, these providers can ensure the best possible sales response times for lenders.

“Titan Lenders Corp. is built on the principle that mortgage lenders should aggressively focus on their initial revenue generator: origination, rather than trying to become adept at executing detailed back-office operations,” says Mary Kladde, CEO based in Denver. and closing and post-closing outsourced services provider Titan Lenders Corp. “Our outsourcing solution reflects decades of experience mapping and refining mortgage compliance processes, as well as our joint development of intelligent technology that facilitates diverse business goals.” of the lenders.

A good outsourced mortgage solutions provider will be able to offer fully customizable systems that adapt and optimize to integrate with your current preferred business processes and complement your business model to increase efficiency, productivity, and most importantly, profitability.

In addition, expert providers will keep the knowledge up-to-date on all investor and regulatory compliance issues so that lenders can build their portfolio and bundle their loans with confidence, and entrust their critical compliance issues to experts who are on top of the issues. regulatory and industry changes.

Smart lenders know that to succeed against the big names and survive in an industry that becomes more competitive and regulated every day, they need to partner with expert third-party mortgage service providers to increase the security and compliance of their loans, and streamline their processes. and increase their productivity and growth.