Key Takeaways
- Direct GSE approval requires $2.5 million net worth and $1 million liquidity; aggregator approval is accessible at $250,000-$1,000,000 net worth.
- Late loan delivery penalties of $25-$100 per day make post-closing operations a critical profitability driver.
- A single repurchase demand can cost $50,000-$300,000, making quality control the most important risk management investment.
- Best-execution analysis across multiple investors can improve per-loan revenue by $500-$2,000.
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Test Your Knowledge
1.What is a loan purchase agreement in the secondary market?
2.What triggers an investor repurchase demand?
3.What is the best defense against investor repurchase demands?