Mission Capital is a leader in structuring and conducting sales of residential 1-4 whole loans and REO assets. We deliver value to our clients through advanced online trading platform, integrated transaction management and unique operational support services. We have traded complex residential portfolio sales through all market cycles since our inception in 2002.
Mission Capital’s residential loan trading team has over 100 years collective experience in capital markets, risk management, servicing, due diligence and operational management. Mission Capital is a Loan Sale Advisor to the FDIC for both Structure and Portfolio Sales and has sold portfolios for the Federal Reserve Bank of New York, major banks, hedge funds and private equity firms.
Mission Capital’s loan sale programs are based on a hands-on and consultative approach in achieving our client’s goals and objectives through:
- Proprietary Web-Based Sealed Bid Auction System
- Web-Based Application for Data Analysis, Trade Support and Due Diligence
- Bundling of Mortgage Services Solutions to Support Clients Internal Resources
- Lifecycle Commitment to the Trade through Post-Close Contract Management Services that are included in the Loan Sale
- Extensive, Vetted and Active Investor Database
- Satisfying OCC and CFPB Debt Sales Regulations
Our integrated project management includes:
DATA ANALYTICS, VALUATION AND AUDITING PRE-SALE DILIGENCE, OPERATIONS INVESTOR DUE DILIGENCE FINAL BID MANAGEMENT AND SETTLEMENT POST-CLOSING CONTRACT MANAGEMENT
Data Edits and Cure Risk Factor Analysis, Asset Selection Provide prompt and thorough responses to investors’ questions Ensure date-certain final bid process is adhered to by investors Coordinate and Oversee Serving Transfer(s)
Create Robust Data Tape – Free of Errors and Inconsistencies Vendor Management: Title, Compliance, BPO’s, Imaging Manage issues, cure or rebut, if possible Analyze Final Bids for Best Execution Remittance Reconciliation
Pricing to Current Market Conditions Collateral Inventory and Cure Negotiate and finalize all agreements prior to final bid Winning Bidder(s) Recommendation Manage all contract related items: repurchase analysis, trailing docs, etc.
Mission Capital’s trading platform is designed to be best-in-class enterprise software solution for loan sale auctions. It combines the usability of the most recent web technologies, and the enterprise class security and reliability of a platform built on Citrix and Force.com architecture.
Mission Market utilizes multiple redundant SSAE 16 certified data centers across the country and encrypts data at rest and in transit using the most recent bank-grade technologies.
Investors appreciate its ease of use and organized due diligence and bidding capabilities. Sellers appreciate the variety of feedback provided relating to:
- Asset preferences/Special Focus
- Investor time spent in the data room
- Assets needing enhanced marketing due to lower interest
Mission Capital’s customized investor dashboard is fully integrated with all systems employed for trading, eSigning, and data room access. It gives Mission Capital a 360 degree view of the sale and provides a highly-optimized entry process for investors during the loan sale marketing process. The system gives Mission Capital granular control over who is admitted into the due diligence process in Mission Market.