Correspondent Loan Acquisition
Benefits for the investor / buyer of the loan:
- Attracting sellers. Investors can attract sellers looking
for warehouse line velocity. Comprehensive technology-enabled
checklists streamline the evaluation process and enable sellers to
leverage faster turnaround for improved warehouse turns, increased
funding velocity and better management of interest payments on
their line of credit.
- Standardization of documents. Receipt of lender documents
and data is consistent and streamlines initial reviews.
- Data available for downstream export. Data is provided at
a granular level and can be easily made available to other systems
- Consistent Reporting. Consistent global to granular
reporting coming from sellers enables comparisons to other sellers
and provides insights through the analysis of trends and patterns
that can inform relationship milestones.
- Customer Service. Faster turn-around time of buying
decisions and point and click access to suspense items, with the
ability to electronically and securely submit trailing documents
and outstanding suspense items, provide a quick and easy way to
see and understand loan defects and communicate with the seller.