Manufactured Housing News

Do you already have manufactured home loans added to your portfolio? Or intend to opt for such products in the future? If so, it’s essential to know that one way to reduce loan portfolio risks and increase return on investment is to work in partnership with a leading manufactured home loan servicing company specializing in the secondary market for manufactured home loans.

Now, we invite you to read on in order to find out how outsourcing your manufactured home loan services can help mitigate portfolio-related risks and prevent financial losses.

A wide range of loan services.

A loan servicing company with extensive experience in the manufactured home lending industry, such as Triad Financial Services, can handle a wide variety of loan services, including applicant screening, loan processing, underwriting, settlement, portfolio performance monitoring, loss mitigation, cash management, customer communication, payment collection, etc. We’ve also developed a coherent credit policy that addresses all potential risks in the manufactured home lending sector. Furthermore, we can identify risks within your loan portfolio, provide solutions to reduce those risks, help you make more informed financial decisions and customize the specifics of our approach to meet your organization’s needs.

A comprehensive view of loan portfolio.

Our financial experts will analyze your loan portfolio as a whole, specifically considering the interdependence of different segments. Since we don’t focus on individual loans but on categories that comprise similar loan products, we can: better understand portfolio objectives along with risk tolerance limits; ensure compliance with industry laws and regulations; assess portfolio performance more accurately; identify trends that affect the collectability of certain types of loans; isolate potential problem areas; and develop more relevant risk management practices.

Effective management of loan portfolios.

Another important aspect a financial institution interested in outsourcing its manufactured home loan services should know is that the best loan servicing companies collect as much applicant information as possible and review details thoroughly before sending applications through the approval process. In addition to gathering and reviewing information, our financial experts use a series of authority control methods in order to maintain a good balance between the credit quality of loan applicants and portfolio risks. What’s more, our experienced underwriters always apply proven credit policy guidelines along with particular borrower eligibility requirements, where applicable, and relevant exceptions/limitations to precisely determine the degree of risk involved in manufactured home loan portfolios. Once all the preventative measures have been taken, documentation is properly drafted, reviewed to ensure compliance with state and federal regulations, and sent for approval.

Performance monitoring.

Just like any other lending segment, manufactured home lending is subject to potential volatility. Therefore, monitoring the market along with manufactured home loan portfolios and individual loans is imperative to anticipate problems before they occur and detect new trends. Based on the risks and trends identified, we adjust the loan services and products we provide. This approach has allowed us not only to keep up with changing markets and customer requirements but also to offer investors a low-risk, high-yield loan portfolio.

By combining the aforementioned points with a sound manufactured home lending program, we provide a complex investment solution that can be tailored to your organization’s specific needs. Contact us at Triad Financial Services today to find out how we can help you pursue new investment opportunities across the manufactured home lending industry without worrying about loan portfolio risks.