The undisclosed seller is described as a retail-only originator whose volume averages more than $200 million per month. The primary concentration is the Northeastern U.S. and committed to selling MSRs on a flow basis for the foreseeable future.
The loan amounts are greater than $235,000 on average and have a weighted average Fair Isaac & Co. credit score of 750-plus.
Written bids should be emailed by May 2 at 2 p.m. Eastern Standard Time.
Any prospective purchaser must be an approved Fannie Mae or Freddie Mac servicer or have a structure in place with an approved Fannie Mae and Freddie Mac servicer who can take ownership and service on their behalf. A loan level file is available upon request.
