buy Loans|Consumer Loans

Opportunity Summary

Filters

Question Their Response
ID# 10009
Opportunity to Buy Loans
Loan Category Consumer Loans
Loan Type Auto
Trade Structure Options Whole Loans
Operational Servicer Options Buyer or Their Contract Servicer
Legal Servicing Rights Options Released
Trade Repeatability Options Repeat Trades
Trade Consistency Options Flow
Minimum Monthly Flow Volume $ 2,000,000
Maximum Monthly Flow Volume $ 10,000,000
Flow Forward Commitment Options With a Forward Commitment
Flow Frequency Options Daily
Flow Delivery Options Loan by Loan
Can Buyer Carve? Yes
Eligible States Alabama, Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin
Can Buyer Carve Geographically? No
Performance Categories Performing
Can Buyer Carve for Performance? No
Required Performance Categories Performing
Company Type Consumer Lender
Eligible Counterparties Asset Manager, Bank, Consumer Lender, Credit Union

Underwriting

Question Their Response
Minimum Credit Score
600
Maximum Loan to Value
120.0%
Maximum Debt Ratio
50%
Origination Channels Direct
Seasoning Buckets New
Collateral Types Used
Purpose Types Refinance

Statistics

Question Their Response
Statistics Provided Representative Statistics
Average Loan Amount $ 21,000
Weighted Average Coupon 9.5 %
Weighted Average Credit Score 700
Weighted Average Debt Ratio 40 %
Weighted Average Loan to Value 118 %

Deadlines

Question Their Response
Bid Deadline No Deadline
Closing Deadline No Deadline

Public Notes

Question Their Response
Public Notes
Prior loan being paid off is 13 months of seasoing.