Mortgage bankers using a Best Efforts secondary marketing strategy can increase margins by selling production into mandatory delivery commitments. In order to successfully deploy this strategy and effectively manage the risks associated with fallout and mandatory delivery, there are a number of operational requirements that need to be satisfied. With years of experience in secondary marketing, RMB creates guides its clients in implementing and managing the risks associated with mandatory strategies.
- Assessment of secondary marketing management, organization and structure
- Correspondent investor Best Execution methodology
- Secondary marketing system requirements
- Pricing - lock desk policies, pricing model requirements
- Pipeline risk management strategy and reporting
- Mortgage operations - commitment management, shipping and final docs
- Management information and reporting
- Policy, controls and operational risk tolerances
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