With Repurchase Demands Increasing for 2021-2022 Loans, Lenders can use Blue Water's Platform for Retroactive Coverage to Eliminate Buyback Liability
Wouldn't it be great if Lenders could hit a rewind button on vintage loans dating back up to 3 years and have a peace of mind regarding repurchases on those loans? Well now you can with Blue Water's Retroactive Insured QC on TMC CapTrader, a low cost-effective solution to prevent devastating losses for one or two buybacks. Many loan repurchase requests are due to internal underwriting errors on the part of the lender, and utilizing Blue Water's Retroactive Insured QC will eliminate your underwriting liability for those repurchase demands.
Why it Matters: Lenders have the rare option to turn an unlimited, open ended liability into a small manageable one.
The Bottom Line: Blue Water's Retroactive Insured QC is the only way a mortgage banker will ever be offered a "rewind button" on the market today.
Jay Patel - Managing Director, Business Development, firstname.lastname@example.org | 805.486.8830