Scratch and Dent Mortgage Loans
Right House Capital understands the importance of options when liquidating Scratch and Dent Mortgage Loans on the secondary market. Whether your loan or loans happen to be a true scratch and dent mortgage loans, investor fall-out loans, Non-QM loans, jumbo loans, re-performing loans, sub-performing loans, non-performing loans and or any unsaleable loans. Right House will provide options for a mortgage providers’ takeout solution.
Our culture loves having options. And it should not be any different when it comes to selling scratch and dent loans. Most buyers will only give one price for a scratch and dent loan. But that is not always in the best interest of a mortgage company. Every scratch and dent loan has its own needs when it comes to the liquidation process. Those needs are not just on best price but also centered on how fast the transaction needs to take place. And, or, the need for an easy underwrite to insure funding of the scratch and dent loan.
With this in mind, Right House Capital always starts the process with their clients by asking multiple questions on what are the specific needs for each liquidation of a scratch and dent loan. RHC prides ourselves on being good listeners to craft the correct outtake on each loan. Is it only about best price? Is it more important to liquidate the loan as soon as possible? Or is it such a challenging loan that RHC needs to take the loan to a flexible and forgiving underwriting process? No matter the specific needs, Right House will not only ask this questions but then actually give their customers options that are tailored to these needs.
These options are so important for each mortgage company to consider due to the current and challenging mortgage environment.
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.