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Getting Started If you're considering a possible sale of whole loan or participation assets: Quadrant Advisors can help you get started and make sure that you avoid the many pitfalls that can result in a bad business execution. Our first step is to review your specific goals and proposed actions. We can give you a feel for what's doable in the current market and how long a trade typically will take to complete. Second, we can tell you which products in your portfolio will fetch the best relative price in the market, thus allowing you to accurately forecast your gain-on-sale on a prospective sale. Third, we can also tell you the important steps needed to prepare for a trade, whether it's in the immediate future or down the road. Getting files in proper shape, streamlining database deliveries, and updating credit score and loan-to-value data are the more obvious things that you should be considering. Fourth, having managed the sale of literally hundreds of trades over the past twenty years, we have a special ability to describe and implement the processes required in a successful secondary market transaction, including the definition of a final sale pool, the answering of both obvious and not-so-obvious questions, and the preparation of offering documentation. Fifth, this same experience and our constant conversations with hundreds of buyers and sellers in the secondary market allows us to identity the most likely buyers of an offered pool. Sixth, following a bid date or simply on a first-come, first-served basis, we'll present you with the bids received. Equally important, we'll share with you our opinion of the bidders' respective abilities to review and close the prospective transaction. We'll tell you what experiences we've had with a potential buyer, both the good and the bad. Finally, we'll help manage the due diligence and closing process, assuring that you'll have the best possible opportunity for an efficient and profitable secondary market experience. . |
"Getting Back to Basics in the Secondary Market" |