The Process

The Process

The process, which customarily takes about 15 to 20 days from the first time a pool becomes available to us, is the following:

  • The Seller Emails The Spreadsheet Below To Us For Preliminary Review.
  • We Assign A Senior Underwriter To Review The Portfolio.
  • We Respond Within 3 Business Days, Whether We Are Interested Or Not.
  • If We Are Interested, Then The Seller Transfers A Complete Set Of Files To Our Office Where Our Rigorous Due Diligence Process Begins.
  • Within 5 to 7 Business Days, After Having Reviewed The Files Thoroughly, We Will Get Back To The Seller To Identify Any Missing Items And Prepare To Issue Final Numbers On The Pool Of Product.
  • The Price Is Agreed Upon.
  • We Send The Seller A Standard Contract For Review And Signing.
  • We Coordinate With A Servicing Company.
  • The Pre-Closing Phase Is Completed and The Seller Sends Us Their Wire Transfer Information.
  • The Closing (Post Closing Involves Transfer of All Original Paperwork).
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