MetaSource Mortgage Blog

MetaSource Mortgage Posts Periodic Table of Mortgage Industry Acronyms for Lenders, Media, and Consumer Advocates

Thursday, June 24, 2010

Mortgage fulfillment outsource services expert MetaSource Mortgage (formerly Titan Lenders Corp) 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 here.

"The mortgage industry vernacular is broad, sometimes esoteric and often perplexing both for newcomers and veterans," said MetaSource Mortgage senior VP and Titan Lenders Corp founder Mary Kladde, "As an outsource fulfillment services and warehouse line management services provider, MetaSource Mortgage 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."

"MetaSource Mortgage 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, MetaSource Mortgage 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, purchase review for correspondents, warehouse lenders, and investors, trailing documents, MERS management, FHA insuring, and document management (imaging).

CBX's flexible rules-based architecture allows MetaSource Mortgage clients to define field level decision trees, priorities, checklists and process management specific to an investor product variance or a cross-investor climate. MetaSource Mortgage is a preferred provider for some of the nation's largest mortgage and warehouse lenders.

For more information about MetaSource Mortgage purchase review services, contact Mary Kladde at (720) 279-7277.

About MetaSource Mortgage

MetaSource Mortgage is one of a specialized few providers of mortgage back office fulfillment services, a not-well-understood facet of mortgage lending that includes closing, funding, and post closing services. Community banks, credit unions, mortgage bankers and brokers use outsource providers strategically to minimize compliance risks in a time-sensitive error-averse environment. Fluctuations in mortgage lending volume also lead some lenders to outsource their entire back office operation and secure predictable "per transaction" pricing rather than maintaining an inflexible static in house staff..

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