The Old Adage:
The old adage “It’s not what you know but who you know” holds true when it comes to the Scratch and Dent Mortgage Industry. No matter what loan a mortgage provider is trying to sell, they need to know where to go to get the highest price the market can bear. This is where Right House Capital can assist because we have contacts and knowledge of who will give the highest price on each mortgage.
Certain buyers like investor fallout loans. Some buyers like true scratch and dent loans. Others like non-performing loans. Right House Capital has strong relationships with buyers in each one of these mortgage categories.
Buyers Appetite:
RHC also stays abreast on each buyer’s mortgage appetite as it changes from month to month. One particular buyer might be the best price on a true scratch in dent loan in the first quarter of a given year. But also could be a low price come second quarter of that same year. As a result, is that the best price will come from different buyers depending on appetite and time of year. RHC understands this ever-changing environment which can save mortgage providers thousands of dollars on each scratch and dent loan.
Searching for Buyers:
Right House Capital is also always searching for new buyers. Scratch and Dent Buyers, Investor Fall-out Buyers and Non-Performing Buyers are all constantly coming and going. The mortgage industry is so large. Any mortgage company that has a Fannie Mae, Freddie Mac, Ginnie Mae and/or has the ability to service loans can become a Scratch and Dent Buyer. That opens the door for a lot of companies to come into this space. This is the reason RHC has a full time job keeping up with who is buying loans currently.
Mortgage providers need to be focused on their core business of writing mortgage loans. Not keeping up with all the moving parts to the Scratch and Dent Mortgage niche. Mortgage Providers should put their trust and faith in Right House Capital. RHC will take care of all their specific mortgage liquidation needs not only today but in the future as well.
For more information or if you have any problem loans you want to liquidate today, contact Andrew Zale.
