Flow Mortgage Loan Offering
Loan volume continues to decline and many depositories are struggling to produce enough organic originations to grow the balance sheet. To help with this current market dynamic, FHN Financial Capital Assets Corp. (“Capital Assets”) offers the Supplemental Loan Program (“SLP”) which allows bank and credit unions the ability to purchase prime credit mortgages on a monthly basis (flow). Capital Assets manages the process from aligning you with the best correspondent lender to setting daily rates, daily pricing, rate locking loans, due diligence, funding’s, and servicing transfers. Today’s comments focus on the characteristics of the average SLP loan, underwriting criteria, pricing, and geographic areas where we currently have loans available for purchase.