Whole loan trading is the market where mortgage loans are bought and sold between lenders and investors.

What happens when a loan can’t be sold through a traditional agency channel?

In this episode of The AiCR Exchange, Joe Furlong speaks with Nick Dorn, who leads MIAC’s whole loan trading desk. Nick explains how scratch and dent, non-QM, and non-performing loan sales work, what investors are looking for, and how deals actually get executed behind the scenes.

• What scratch and dent loans are and why lenders need to move them quickly
• How non-QM products like bank statement and DSCR loans differ from agency lending
• Why investor demand for non-QM remains strong despite higher rates
• How MIAC manages the loan sale and diligence process from start to finish

The AiCR Exchange features conversations with leaders across mortgage and financial services on document workflows and technology decision-making.