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Banking and Finance News
P R E S S R E L E A S E :
Titan Lenders Corp Posts Periodic Table of Mortgage Industry
Acronyms for Lenders, Media, and Consumer Advocates
Thu, 24 Jun 2010, 13:39:16 EDT
DENVER, Colo., June 24 (SEND2PRESS NEWSWIRE) -- Mortgage fulfillment
outsource services expert Titan Lenders Corp (TLC) has assembled and developed a
glossary of mortgage industry terms in the format of a periodic table of acronyms posted
to its Website. The page where the glossary is posted requires no user registration and
the information is provided as an educational service to improve general understanding
of the mortgage industry.
The mortgage acronym glossary can be found at www.titanlenderscorp.com/periodic-
"The mortgage industry vernacular is broad, sometimes esoteric and often perplexing
both for newcomers and veterans," said TLC president Mary Kladde, "As an outsource
fulfillment services and warehouse line management services provider, Titan Lender Corp has a staggering number of touch
points in the industry. We had the idea for a central glossary of mortgage industry acronyms and found that tool so useful for
our own folks that we decided, what the heck, let's make it visible to everyone."
"Titan Lenders Corp advocates greater transparency, uniformity and standardization in residential real estate finance as a
strategy for minimizing regulatory intervention, preventing market imbalances, and reducing systemic risk," said executive vice
president for sales Ruth Lee. "One of the first steps in achieving these common sense goals for our industry is to minimize
barriers related to vocabulary and encourage clarity in our dialog."
Founded in 2007 by 18-year industry veteran, Mary Kladde, TLC uses its patented proprietary software Cerberyx (CBX) as the
Web-based architecture to support a full suite of fulfillment services, including: funding, compliance, closing, post-closing,