SCA Mortgage Exchange Closes Deal On $48MM Pool
Between Two New England Community Banks
(August 17, 2022) The SCA Mortgage Exchange announced today the signing and definitive agreement and sale on a pool of $48MM of residential mortgage loan assets between two New England community banks. The transaction will close before August month-end.
The SCA Mortgage Exchange is a mortgage banking advisory group who collaborate with Executive management (CEO’s, CFO’s, Secondary Market and CRA Officers) in the financial services and lending sectors, and that are in the marketplace to purchase or sell mortgage loan assets to increase the balance sheet, or who are looking to increase their liquidity, profitability, or bolster their CRA requirements to reduce their potential risk and exposure that may not adhere to their balance sheet strategy.
The Exchange offers transactions to purchase or sell on either a bulk or flow basis, as well as on a service retained or released basis. Characteristics of the pool or flow can vary such as: Conforming, Super Conforming, Jumbo, Fixed and Adjustable-Rate mortgages.
The Mortgage Exchange also offers a team of seasoned and experienced due diligence experts who can provide a comprehensive exam on the pool and are disciplined in uncovering any potential critical issues prior to the transaction closing and the pool transfer occurring.
If you are in the market and looking to enhance your balance sheet and/or portfolio and would like more information regarding the SCA Mortgage Exchange and our services, please do not hesitate to reach out and contact Bill Dolan, Director, at (617)694-2617 or email him at: Wdolan@scapartnering.com
