The servicing rights are on production with six months of seasoning with a 3.65% weighted average coupon, according to IMA. There are no delinquencies and the average loan balance is $243,250.
The flow relationship sought would deliver $25 million to $50 million per month of comparable product over the next 12 months.
Written bids should be emailed by noon Mountain time/2 p.m. Eastern time on June 5.
Prospective purchasers must be approved Fannie Mae and Freddie Mac servicers or have a structure in place with an approved Fannie Mae and Freddie Mac servicer who can take ownership and service on their behalf.
