This message was posted by a user wishing to remain anonymous
From past experience from companies selling loans to the company I can say that it does occur. Generally, it was only from Banks, never any Credit Unions, or independent mortgage bankers. The only item they were generally looking for was financials and SOC / Info Sec information.
Original Message:
Sent: 11-01-2022 01:48 PM
From: Anonymous Member
Subject: Secondary Market Buyers (Fannie, Freddie, Other FI)
This message was posted by a user wishing to remain anonymous
Does anyone track due diligence for institutions buying their mortgages on the secondary market? We are their vendor, as they buy our loans. I'd like to see what other financial institutions are tracking for these companies, if anything.