Scratch and Dent Loan Buyer Sets Up Partnership With Mortgage Consulting Company

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AnikimCreditCorp.com, a well-known mortgage industry consulting firm, has just set up relationships with Capital Markets firms to help bankers looking to sell scratch and dent loans. With many investor overlays on loans, mortgage bankers are left with good loans on their warehouse lines that they need to sell.

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Capital Market firms have reached out to mortgage bankers and brokers that are looking for scratch and dent loan buyers. AnikimCreditCorp.com over the years has built strong relationships with industry leaders in the mortgage space, and is now helping with the secondary market. The credit score overlay holds up some mortgage brokers and bankers, but many other overlays also exist and lenders who are able to avoid one may be confronted by another. AnikimCreditCorp.com works with Capital Market companies to help move these loans off the credit lines, so lenders can continue to fund new loans. To purchase loans, the firm only validates that the file was set up in accordance with all applicable laws, and conforms to HUD guidelines. The scratch and dent residential mortgage loans must meet all the condition requirements of the DU approval in the file, or if it was manually underwritten, a full re-underwrite is necessary. For credit fallout overlays, or for warehouse relief, there is not a maximum amount of loans that can be submitted, and no approval necessary. The company, and its partners are currently working with FHA, VA, and USDA loans. They also offer to buy loans non-recourse, with the exception of 203K and negotiated business channels. Some of the niche products that the company has been successful at facilitating are 3.5% down FHA construction to perm loans, and VA fixed IRRRL’s, and jumbo down to 620 FICO. To learn more about the scratch and dent loan purchasers,or if you are looking for a company to help with clearing loans off warehouse lines visit, http://anikimcreditcorp.com/scratch-and-dent-loans/

The company claims to have a superior customer care department, and boasts a turnaround time that is much quicker than others, ranging from 48-72 hours, and also pricing has no cap. They use HUD/GNMA guidelines, have no overlays, and the pricing is far superior to the firm’s so called competitors. The company claims to work with only the best scratch and dent loan buyers in the county, and is consistently adding more buyers for mortgage loans. The firm knows when considering warehouse relief, from scratch and dent loans, it is imperative to ensure that the pipeline is funded, and that each company maintains liquidity. Preferred investors waste no time when it comes to stabilizing their economic situation.

The company is using every marketing method in the book to acquire new brokers, and bankers for their partners. With the firm being a marketing and consulting the firm, they understand the need to promote the message by using professional SEO services. The company uses Social media, video campaigns, and mortgage banking forums to help the firm to satisfy new acquisition of clients. But with the steady need for scratch and dent loans to be purchased, it’s tough to find qualified buyers for all. So the company continues its expansion into the secondary market to assist their partners on both ends to keep the loans moving. To learn more about the firm, or the services they provide, contact the company directly and speak with an acquisition executive.

About the company: Anikim Credit Corp. was started after the mortgage crisis to help struggling loan officers and net branches find mortgage banks that were able to sustain through the tough times. Since then the company has built relationships with banks and brokers throughout the county and helps place loans with the proper Capital Market companies. For more information contact the company at 877-889-7474

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Mason Baxter
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