All mortgage companies strive to find trustful investors that they can build long-lasting relationships. However, some mortgage providers overlook this objective when it comes to the Scratch and Dent Mortgage Loans.
Trusth-Worthy Partner:
It is very important to have a trust-worthy Scratch and Dent Mortgage Loans investor or Scratch and Dent broker. Scratch and dent loans are not the norm. Mortgage companies are not experts when it comes to selling non-saleable loans. This lack of experience can become very costly if you don’t know where to sell the loan. Each loan has different characteristics with different buyers paying different amounts based on their appetites. And to make matters worse, those scratch and dent buyers’ appetites constantly change. So it is almost impossible for a mortgage provider who rarely sells a S&D loan to truly know how to make sure they are receiving the fair market value. It is also important to know when to sell a scratch and dent loan. These loans are subject to market conditions and some age deadlines. Which can cause a dramatic difference in the scratch and dent price.
RELATIONSHIPS:
Right House Capital prides itself on always creating relationships that can stand the test of time. RHC likes to say “once a customer, always a customer”. A fundamental component of our relationships with our recurring customers is trust. Our customers know first-hand how we stay abreast of the market, the investors and other factors that can affect a scratch and dent bid. Rest assured if you give Right House a chance, you will quickly see why we are the trusted partner for so many mortgage companies when it comes to selling scratch and dent mortgages on the secondary market.
For more information on what options you may have on any problem loans you want to liquidate today, contact Andrew Zale at 502-365-5632.
