Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of a $50 million or more per month concurrent flow mortgage servicing offering.
The flow servicing is being offered by a well-capitalized mortgage company that originates nationally. The seller will be providing full representations and warranties for the loans.
The portfolio includes 97.68% fixed-rate loans, of which 67.34% are Ginnie Mae andÂ 32.66% are Fannie Mae. The average loan size is $202,629, and the average escrow balance is $2,239.
Bidders may present their flow bid pricing matrices for the Fannie Mae or Ginnie Mae loans separately.