Titanium Solutions decided to end its 14-year run in the mortgage business due to declining business volumes and dramatic changes in the marketplace.
Titanium has suspended operations and is no longer accepting new business, the company reported via its website.
“We are grateful to our clients, HRC’s, and employees, who have supported Titanium over the past fourteen years,” Titanium wrote.
While the company said its services were ‘successfully’ delivered to clients and borrowers, Titanium says “improving mortgage delinquency, declining foreclosures and improved servicer processes have taken their toll on face-to-face outreach volumes.”
Over its 14-year run, the company engaged more than 30,000 professionals, and provided aid to hundreds of thousands of borrowers.
The solutions company provided assistance to investors, insurers and mortgage servicers in the space.
“For many, we have enabled loan modifications that have kept them in their homes, for others we have assisted with a short sale while others have benefited from deed in lieu of foreclosure assistance we have provided,” Titanium wrote.
Titanium was known as one of the larger in-person loss mitigation vendors in the servicing industry.
cmlynski@housingwire.com
