A Leading Resource for Loan Placement and Acquisition Services
We create opportunities for Credit Unions and Community Banks so that they can buy and sell First Mortgage Loans on a loan-by-loan basis.
With the click of a mouse, Lenders can search loans based on LTV, Rate, Credit Score, Property Type, and Program. First Heritage MortgageMatch™ was created with the understanding that a specialized market could enhance collaboration which would result in increased loan volume; managerial optimization; and improved risk management practices.
We understand the importance of privacy and integrity. All communication is kept confidential until a partner decides to share the information with a potential match.
The First Heritage MortgageMatch™ program allows credit unions to sell or purchase individual loans or loan pools. An originating Federal Credit Union may sell up to 90% of the face value of the loan, which has created a vast opportunity for credit unions to both buy and sell mortgage loans, helping institutions diversify their portfolios, generate income, and manage liquidity and interest rate risk.
Originators/Lead Lender must retain all originals of loan documents and is responsible for the loan servicing.