DENVER, Colo., Feb. 4, 2014 (SEND2PRESS NEWSWIRE) — Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) announced it has been selected by nationwide distressed asset firm Halo Companies, Inc. (OTCQB: HALN), to retain custody of documents and collateral related to distressed asset purchases for its clients. As such, Titan will take possession of the original assets purchased by a firm, image the related documents, research the assignments and ensure that the chain of title has been done correctly.
Titan provides both short-term and long-term collateral/document custody services in its secure vault facility. In addition to providing secure physical custody, Titan also offers secure digital storage options via its proprietary Cerberyx platform and can image, index and review the files to ensure each file is complete and transfer-ready, if need be.
“Most private investors – be they private equity firms, hedge funds, non-institutional investors, or what have you – don’t have the proper insurance or facilities to securely hold these assets, nor do they necessarily want to open themselves up to that liability,” said Titan President Mary Kladde. “In many instances, the documents associated with these assets are simply stored in a file cabinet, where they could be easily lost or damaged.”
“Obtaining a lost note affidavit is possible when this happens, but it’s also quite expensive,” Kladde said. “Firms would also have to hire additional staff to deal with the operational aspects of holding these documents. Titan can provide the liability coverage and security, as well as the deep operational understanding needed to manage the documents, at a significantly lower cost.”
About Halo Companies, Inc.:
Halo Companies, Inc. (OTCQB: HALN) is a publicly-traded, nationwide distressed asset services company, providing technology-driven asset management, portfolio analytics, acquisition, repositioning and liquidation strategies for the private investment and mortgage servicing industry. Founded in 2004, Halo established its roots in the mortgage origination sector, quickly growing to an award-wining consumer financial services company. Halo’s years of experience, key leadership and industry knowledge laid the foundation for its emergence as a premier distressed asset services company. For more information about Halo Companies, Inc., visit http://www.haloco.com/ .
About Titan Lenders Corp.:
Denver-based Titan Lenders Corp. ( www.TitanLendersCorp.com ) was originally founded to meet the mortgage industry’s increasing appetite for a variable cost solution to managing mortgage closing, post closing, mortgage compliance and mortgage fulfillment processes without maintaining personnel or an investment in technology infrastructure. Today, that mission has expanded to include supporting strategic channel growth for lenders, servicers and investors evolving their businesses in an increasingly complex regulatory environment. As such, Titan’s core offerings have expanded to include MERS audit services, risk management services and whole loan purchase review. Additionally, Titan has also created a correspondent lending subsidiary, Titan Capital Solutions, to support a secondary/capital market strategy specifically for the correspondent lending channel
Backing these endeavors is Titan’s patented, proprietary web-based software Cerberyx (CBX), which supports a full suite of fulfillment services, including: funding, compliance, closing, post-closing, purchase review for correspondents and warehouse lenders, trailing documents, MERS management, FHA insuring, and document management (imaging). CBX’s flexible rules-based architecture allows Titan clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate.
* PHOTO 300dpi for media: Send2Press.com/mediaboom/14-0204-mary-kladde_300dpi.jpg .
* Photo Caption: Titan Lenders Corp President Mary Kladde.
ALT TICKER: Halo Companies Inc. (OTCMKTS:HALN) / (HALN) – Other OTC / (OTCQB:HALN)
NEWS SOURCE: Titan Lenders Corp :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source copy of this news item: https://www.send2press.com/newswire/Halo-Companies-Inc-Taps-Titan-Lenders-Corp-for-Secure-REO-Collateral-Document-Custody_2014-02-0204-003.shtml.
