A Leading Resource for Loan Placement and Acquisition Services
We create opportunities for Credit Unions and Community Banks so that they can buy and sell First Mortgage Loans on a loan-by-loan basis.
With the click of a mouse, Lenders can search loans based on LTV, Rate, Credit Score, Property Type, and Program. First Heritage MortgageMatch™ was created with the understanding that a specialized market could enhance collaboration which would result in increased loan volume; managerial optimization; and improved risk management practices.
We understand the importance of privacy and integrity. All communication is kept confidential until a partner decides to share the information with a potential match.
The First Heritage MortgageMatch™ program allows credit unions to sell or purchase individual loans or loan pools. An originating Federal Credit Union may sell up to 90% of the face value of the loan, which has created a vast opportunity for credit unions to both buy and sell mortgage loans, helping institutions diversify their portfolios, generate income, and manage liquidity and interest rate risk.
Originators/Lead Lender must retain all originals of loan documents and is responsible for the loan servicing.
To diversify assets, generate interest income (at rates that are competitive with investments), and reduce excess liquidity, credit unions buy a percentage of a pool of loans offered by peers.
To increase liquidity and reduce the ratio of long-term loans in their portfolio, credit unions sell pools of loans to other credit unions.
First Heritage Mortgage Services
2655 Neshaminy Interplex Dr.
Trevose, PA 19053
mortgagematch@firstheritage.org
FHMM Representatives: Scott Woll, Nicholas Verdi, Marabella DeBonaventura
Your institution registers as a Buyer/Seller/Both, and your First Heritage Portfolio Manager will
work with you to create your Profile to access what you want to sell/buy on the site.
Complete the registration form!
Become a free subscriber to our First Heritage MortgageMatch™ program, and receive weekly updates on individual loan sale and portfolio opportunities; Buyers can search loans based on LTV, Rate, Credit Score, Property Type, and Program.
Become a partner and confidentially list your loans at the frequency that works for your institution – weekly, quarterly or as-needed.
If you have any questions, please contact the following:
Scott Woll swoll@ca-usa.com
Marabella DeBonaventura mdebonaventura@firstheritage.org
Nicholas Verdi nverdi@firstheritage.org