Applications & Technology

Servicing Marketplace

Simultaneously sell a loan to us and the MSR to a servicing buyer of your choice

Servicing Marketplace, available in Pricing & Execution – Whole Loan®, brings together lenders and servicing buyers to increase transparency and operational efficiency.

With 10+ servicing buyers, seven vendors integrated, and all-in funding within 24 hours, Servicing Marketplace offers a flexible and certain source of liquidity to our customers.

Sellers can find new servicing buyers, and initiate relationships with buyers that meet their business needs.

Servicing Marketplace Availability

Every day, 24 hours a day, except from 6 a.m. to 6.30 a.m. ET daily and from 1 a.m. to 5 a.m. ET Sunday, and from 1 a.m. to 11 a.m. ET every third Sunday due to maintenance.

All Technology Application Availability
Features
  • Simple relationship and contact management to establish relationships with servicing buyers
  • Dashboard to review and select eligible loans for pricing
  • Flexible options to negotiate pricing prior to committing and lock in servicing release premium (SRP) at time of commitment
Benefits
  • Supports sellers in their search for co-issue servicing partners
  • Improves liquidity by delivering a standardized process to facilitate the concurrent sale of loan and servicing rights
  • Provides all-in funding for the loan and servicing asset at the same time
  • Retain selling reps and warrants, plus a direct relationship with Fannie Mae
Access
  • Easy-to-use interface available through Pricing & Execution – Whole Loan®
  • Integrates with and accessible through seven technology service providers
  • Premium rate sheet API

Overall, I am extremely impressed and satisfied with the SMP setup. It worked exactly how I thought it would and the time saving will be measurable.