Why should I switch from best efforts to mandatory?
Mandatory delivery not only allows for added revenue through better execution, but also through great flexibility delivering loans. When a loan gets to closing and suddenly your underwriter realizes it does not qualify for investor A, but it does qualify for investors B & C, you close that loan and deliver to one of the other investors without missing a bat, and no revenue reduction. If you were still selling best efforts, you would be stuck with a new price at whatever the market was paying at the time. In this example, you would be risking revenue to close a loan. This is just one reason, but there are many!
How do I know if Flatirons is right for me?
Flatirons Capital has been in business since 1996. Over the course of more than 20 years, we have lived through and performed remarkably well in the most extreme market conditions our industry has ever experienced. While we may not be right for every potential client, our track record and longevity speaks volumes to our success, and stands alone at the top of the class for our industry.
Will it take much effort to consolidate my system to FCMs?
It does not take much effort to consolidate systems, in fact, it will likely take you no time at all. Most required data fields are already available in your LOS system, because you need it to run your business every day! Because of that, your data will map and be translated to our system data with relative ease. We could have you up and running in no time!
Will FCM be able to keep up with me as my company grows?
We specifically designed and built our system to be extremely flexible. That gives us the ability to grow as your volume grows, but more so, to handle the constant changes you may be faced with as YOU grow and become more efficient. We work with you on all aspects of your business, not just Secondary Marketing, giving you the best advice and keeping us close to you so we can make any changes necessary on the fly. This is one of the strengths that we are proud to have at Flatirons!
How quickly will it take to receive my reports after I submit a file?
Reports are available to you typically within 5 minutes of submitting a file. The only exception to this would be if we need to change your coverage after we have updated the reports. At Flatirons, we don’t just run your reports and send them to you. We review them, review your position, and ensure your coverage is balanced within your expected range.
Is Flatirons Capital Management, LLC an affordable service?
The services we provide are affordable! Our fee is a simple formula, based on the loans we hedge with a small minimum/flat component. Give us a call. We would be happy to give you details!