Brokers - Improve your Image & Save Yourself Serious $$$$
More and more in the industry press I continue to see one story after another about Buy-Backs increasing! Time to pre-empt the wholesalers, before they make you unhappy.
I recommend you contact the ones you do business with, and encourage them to let you help them with any collection problems they learn about from the servicer they're using on your former loans. This way, you'll have the chance to potentially save them from having to buy-back one of your loans from the secondary market and subsequently try and stuff it down your throat! Believe me, they'll find a reason why the delinquency is YOUR fault!
You should check with them around the 10th of each month, since by then they would know of any problems that developed at month-end the month before ...
by following this advise, it could save you several hundreds of thousands of dollars!