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How can the Bank maximize the potential recovery rate on the unpaid principal balance?

April 26, 2017Balance Bank maximize potential Principal rate recovery unpaid

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How can the Bank maximize the potential recovery rate on the unpaid principal balance?

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The Bank can maximize its potential recovery rate from Investor bids by providing maximum file documentation for each loan as possible even if it exceeds the BDIS checklist to allow the Investor the highest degree of due diligence possible and the Bank to directly communicate with the Investor during due diligence and subsequent negotiation following a bid offer by the Investor.