| Within one business day of receiving your summary loan data, we will provide an indicative bid representing potential value of your portfolio. We will quote a price as a % of the Unpaid Principle Balance (“UPB”) of the portfolio.
When you accept our preliminary bid, we will begin the due diligence on the pool of mortgages. When we have completed the research and due diligence on your portfolio, we will execute a purchase contract and fund the transaction. It is usually possible to fund within 3 to 4 weeks of the date that we receive the documentation on the notes that were represented by the data that you initially provided us.
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