sell Loans|Residential Mortgages
Opportunity Summary
Filters
| Question | Their Response |
|---|---|
| ID# | 10161 |
| Opportunity to | Sell Loans |
| Loan Category | Residential Mortgages |
| Loan Type | Conforming |
| Trade Structure Options | Participations |
| Operational Servicer Options | Seller or Their Contract Servicer |
| Legal Servicing Rights Options | Retained |
| Trade Repeatability Options | One Time Trade, Repeat Trades |
| Trade Consistency Options | Flow, Ad Hoc |
| Minimum Ad Hoc Trade Amount | $ 10,000,000 |
| Maximum Ad Hoc Trade Amount | $ 30,000,000 |
| Minimum Monthly Flow Volume | $ 2,000,000 |
| Maximum Monthly Flow Volume | $ 5,000,000 |
| Flow Forward Commitment Options | Without a Forward Commitment |
| Flow Frequency Options | Daily, Weekly |
| Flow Delivery Options | Portfolio, Loan by Loan |
| Eligible States | Nationwide |
| Company Type | Credit Union |
| Eligible Counterparties | Credit Union |
Underwriting
| Question | Their Response |
|---|---|
| Minimum Credit Score |
700
|
| Maximum Loan to Value |
80.0%
|
| Maximum Debt Ratio |
43%
|
| Origination Channels | Thru Third Party Originators Retail |
| Seasoning Buckets | New 3-24 months > 24 months |
| Rate Types | Variable |
| Occupancy Types | Primary Second Home |
| Property Types | Single Family Condo Warrantable |
| Income Types | Full |
| Purpose Types | Purchase Refinance |
Deadlines
| Question | Their Response |
|---|---|
| Closing Deadline | No Deadline |
Public Notes
| Question | Their Response |
|---|---|
| Public Notes | Perform 100% Diligence,
Want Geographic Diversity,
90/10 Participations from Credit Unions |