MountainView Financial Solutions is handling the sale of a $3.3 billion agency servicing portfolio comprised of 100% fixed-rate first-lien product.
The portfolio of 14,901 mostly performing Fannie Mae and Freddie Mac loans has a weighted average original FICO of 746 and a weighted average original loan-to-value ratio of 74%.
The weighted average interest rate is 4.09% and the average loan size is $224,106.
The overall delinquency rate is 0.46%.
The national portfolio has wide geographic disbursement but has concentrations in California (17.6%), Florida (7.0%), Georgia (6.2%) and South Carolina (5.4%).
The seller will consider all bids but prefers an all-in bid.
The well-capitalized seller is experienced in both servicing sales and transfers and will provide full representations and warranties, MountainView reports.
The portfolio is being subserviced by Cenlar.
Bids are due by Thursday, June 21.
