MIAC Handling Sale Of Flow Servicing Delivering $50M+ Per Month

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 and 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.

Bids are due no later than Oct. 31.

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