Bid Date: 05/24/2016 2:00 PM EST
Mortgage Industry Advisory Corporation (MIAC), as exclusive representative for the Seller, is pleased to offer for your review and consideration a $25 Million per month concurrent flow mortgage servicing offering. The Flow Servicing is being offered by a independent mortgage company that originates loans with a geographic concentration in Virginia. The Seller will be providing full representations and warranties for the loans included in this offering.
Key portfolio characteristics include:
- $219,454 Average Loan Size
- 100% Fixed rate loans
- GNMA – 52%, FNMA – 48%
- 37% of loans are from the state of Virginia
- Weighted Average Agency FICO of 758
- Weighted Average Government FICO of 707
Seller looking to enter into a 12-18 month future flow delivery, with a minimum 6 month commitment
Bidders may present their flow bid pricing matrices for the GNMA or Conventional MSRs separately.
Dan Thomas, Managing Director, Client Solutions Group
email@example.com (212) 233-1250 x240
Steve Harris, Managing Director, MIAC Capital Markets
firstname.lastname@example.org (212) 233-1250 x212