New York – Mortgage Industry Advisory Corporation (MIAC) is pleased to announce that its whole loan desk successfully placed approximately $100mm of seasoned, first lien HELOC whole loans.
MIAC has also been engaged as the exclusive selling agent for an additional $220,000,000 of similar assets.
$100,000,000
Seasoned first lien whole loan HELOCs
For more information, please contact:
Brendan Teeley
Vice President Whole Loan Sales, Trading
Mortgage Industry Advisory Corporation
521 5th Avenue, 9th Floor
New York, NY 10175
212-233-1250 x 281
brendan.teeley@miacanalytics.com
About MIAC
For over 27 years, Mortgage Industry Advisory Corporation (MIAC) has been the preferred destination for sophisticated mortgage-industry participants. In addition to providing discrete whole loan brokerage services, MIAC offers third-party mortgage asset valuations, secondary market hedge advisory solutions, as well as state-of-the-art behavioral models.
MIAC Analytics™ is the most sophisticated mortgage pricing and risk management software suite available. The MIAC Analytics™ suite includes VeriFi™, DR-Surveillance™, MIAC CORE™, and Vision™ to address FASB’s new Current Expected Credit Loss (“CECL”) requirements with the industries best modeling practices. VeriFi™ is used to support and manage the data quality auditing and review process. DR-Surveillance™ will measure a client’s collateral behavior including historical transition roll rates and Time_in_FCL exit curves; and these client specific behaviors are integrated into MIAC CORE™, our loan level credit loss model embedded in our Vision™ cash flow engine and balance sheet model.
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