Redwood Trust Wednesday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.
The deal, Sequoia Mortgage Trust 2013-8 will be underwritten by Merrill Lynch and Pierce, Fenner & Smith.
According to the filing the transaction will be backed by a pool of approximately $463.5 million of mortgage loans.
The issuer was last in the market with its
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Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.
LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.
