The Mortgage Service Focus Partners program services runoff protection programs (similar to what Universal Life has been for E.F. Hutton Life Insurance Company and later to the life insurance industry, which at the time could not be patented).
Typical runoffs amount to 10% to 20% annually regardless of interest rate fluctuation. This proprietary MSFP program will not only slow down servicing portfolio runoffs when interest rates decrease and borrowers refinance their mortgage loans, but, due to other innovative features, it is designed to attract individual borrowers or groups of borrowers to switch servicers to the company (if not tied to a contract) offering the MSFP program.
Capital requirements - $3,000,000.
Projected revenues - $45,000,000.
For additional information, Contact Leslie Militzer at lchm@cox.net
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