Become a seller
Get a bid right away. Approval runs alongside it.
Seller approval never holds up your trade. Send a loan today and we approve you while we bid it. Simple onboarding, no wasted steps.
Seller approval runs alongside steps 1 to 3, so it never holds up your trade.
How a trade runs
We close what we commit to.
- Step 1
Submit
Upload a loan tape, or register your loans in the CorrFirst seller portal.
- Step 2
Get a bid
We send a price on each loan or the pool.
- Step 3
Accept and deliver
If you accept, deliver the loan file.
- Step 4
Diligence
Our AI underwriting reviews the entire file (valuation, construction feasibility where relevant, and every loan condition), and our underwriters clear it.
- Step 5
Purchase
Once diligence is cleared, we buy the loan when the collateral documents are received and cleared. We purchase within 7 days of file delivery.
- Step 6
Servicing transfer
Servicing moves after purchase. On loans with draws still to fund, CorrFirst funds the remaining draws after purchase.
The approval package
What we ask for to approve you.
Company information
Entity documents, ownership and the people we will work with.
Licensing
Lending licenses where your states require them.
Financials
Recent financial statements for the selling entity.
Lending guidelines
Your underwriting guidelines and a sample of recent loan files.
Servicing
Who services your loans today and how draws are administered.
Insurance
Evidence of the coverage your business carries.
Start onboarding
Apply in five minutes.
Tell us about your lending and we send the approval package. Have loans ready now? Submit a tape or register them in the seller portal at the same time, and we bid while approval runs.
Common questions
Becoming a seller: common questions
How do I submit?
What do I need to be approved?
What reps and warranties do you ask for, and when is a loan repurchased?
What happens if a loan fails diligence?
What happens to servicing and draws after the sale?
Do you offer forward commitments?
When do I get paid?
Ready to sell?
Submit a tape or register loans in the seller portal, and apply while we bid.