Due Diligence And Asset Management
FirstKey is a leading provider of loan procurement and asset management services.
Overview
FirstKey is a leading provider of loan procurement and asset management services including bid package review, collateral analysis, due diligence, transaction management, loan file curing and servicer oversight. FirstKey has a demonstrated track record for closing large trades, a well-established process for contract negotiation, due diligence, third party reviews, and a high pull-through rate for loans at settlement.
Asset Purchaser/Seller
FirstKey works primarily with large money center
banks, regional banks, and mortgage loan originators to complete purchases of first lien, non-agency mortgage
loan debt secured by one-to-four family residential homes. Generally, the pools of loans can be as small as
$50mm and as large as is available. The majority of the assets purchased are subsequently securitized, however,
FirstKey does manage the sale of whole loan assets from time to time and always welcomes inquiries from
purchasers and sellers.
Trade & Transaction Management
FirstKey manages bid package review, collateral data
validation and analysis, asset selection and pricing, trade terms and confirmation. With a dedicated team of
highly experienced professionals, FirstKey provides leading transaction management, due diligence, closing and
settlement services including post trade issue resolutions servicing transfer management. We are dedicated to
working with our partners and counterparties to find solutions that are mutually beneficial and that lead to
strong and lasting relationships.
Asset Management
In January 2014, FirstKey was engaged as the Asset
Manager to each Towd Point Master Funding Trust (“TPMFT”). FirstKey is the Asset Manager for in excess of 60,000
loans, in whole loan and securitized loan format. FirstKey utilizes leading technology and third party partners
to accomplish its Asset Management responsibilities.