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Brokers are paid up to a 5% premium.
• First lien owner occupied performing loans
• SFR, condos, townhomes and 2-4’s
• Credit-challenged mortgage loans
• Non-conforming docs
Reasons for brokering Seasoned Loans:
• New income streams for your company
• Easier — ease of submission
• Less paperwork
• No originating
• Less risk
• Do not need a license
• Less stipulations
• Non-disclosure premium
• Premium pricing available
• Up to 5 points paid to broker
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Discover a New Stream of Revenue
We have a real niche to make you money
Walter Mortgage Company (WMC) is a fully licensed, bonded and
HUD-approved mortgage lender with our corporate office in Fort Worth, Texas. The company is a wholly owned subsidiary of Walter Industries, Inc.
(NYSE: WLT) and is a non-conforming lender affiliated with the Jim Walter Homes Group of companies.
Walter Mortgage Company is a portfolio lender. Loans are closed, funded and serviced by WMC and are not sold into secondary market.
When you partner with us, we will guide you through
every step
Step 1 — A spreadsheet of offered loans is prepared and submitted.
Step 2 — Spreadsheet is reviewed, priced and broker is contacted with BID information.
Step 3 — Once BID is accepted,WMC prepares commitment letter for execution between Buyer and Seller.
Step 4 — WMC completes due diligence of loan files, orders BPO’s on properties and finalizes the package of loans for purchase.
Step 5 — Purchase and sale agreement is executed. Broker check is disbursed at final settlement.
Loan Acquisitions:
Sell us your residential first lien mortgage
We purchase existing mortgages from the following sources:
• Home Builder New Construction Originated Loans
• Individuals with “Owner Carry” Paper
• Mortgage Lenders Holding Loans Rejected By FNMA, FHLMC or Private Investors
• Community Banks with Small Seasoned Portfolios
• Private Institutions Who Originate and Hold Paper for Yield
We purchase credit-challenged loans
• Single-family, Condo, Townhomes, 2 to 4s
• Owner-Occupied Performing First Liens
• Loans with Slow Payment Histories
• Loans with Poor Documentations
• Loans with Credit or Value Issues
• Loans with Six Months or More Seasoning
• Bulk, Mini-Bulk and Single Loans
• A, B and C Credits
• Fixed Rates and ARMs
When does it make sense to call Walter Mortgage Company (WMC)?
You want to clean up your mortgage portfolio and make room for new inventory:
• Premium Pricing Paid Up To 102%
• WMC Buys Individual Loans $40,000 to $500,000
• WMC Buys Mini Bulk Packages $500, 000 to $2,000,000
• WMC Buys Bulk Packages $2,000,000 to $5,000,000
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