Secondary Mortgage Market
Trigent has provided services to entities in support of the Secondary Mortgage Market area. The Secondary Mortgage Market is where home loans and servicing rights are bought and sold between lenders and investors. Most home loans in the U.S. are eventually sold to the secondary mortgage market. When a consumer obtains a home loan, that loan is underwritten, funded and serviced by a bank or lending institution. The secondary mortgage market helps to make credit equally available to all borrowers across geographical locations. A large percentage of newly originated mortgages are sold by their originators into the secondary market, where they are packaged into mortgage-backed securities and sold to investors such as pension funds, insurance companies and hedge funds.