MIAC Whole Loan Desk
February 23, 2018
New York, NY – Mortgage Industry Advisory Corporation (MIAC) is pleased to offer, as the exclusive agent, a $39 million pool of performing Investor Loans originated by a Non-Bank originator.
The loans are being offered on an all-or-none basis, Servicing Retained at a 6.0% Net Interest Rate.
These are non-recourse, investment property loans. There have been zero losses on the portfolio since the program began. There is an additional opportunity to purchase future flow origination.
- Geographic Concentration: TX, TN, GA
- Average Total UPB: $50,000
- WAC: 9.60%
- WA LTV: 50%
- WA Term: 15 years, Fixed
- WA Vintage 2015
Find out more
Learn more about MIAC Whole Loan Sales & Brokerage
For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250
Managing Director, MIAC Capital Markets
212-233-1250 x 212
SVP, Whole Loan Sales, Trading
212-233-1250 x 281
For over 28 years, Mortgage Industry Advisory Corporation (MIAC) has been the preferred destination for mortgage industry participants. In addition to providing 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 MIACAnalytics™ suite includes VeriFi™, DataRaptor-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.