What is Bulk Purchase for Housing Loan Receivables Purchase Program (HLRPP)?
As an incentive to NHMFC’s active and eligible originators who continuously deliver quality & sizeable housing loan accounts, we have created a special facility for faster takeout releases under the HLRPP 1, 2 and 4 through bulk purchase.
Under this facility, originators can earn half of 1% Bulk Participation Incentive.
Who qualifies for Bulk Purchase?
- Originators of Accounts
- Collection Efficiency
- Conversion Performance
- Compliance to Documentations
Must be an active originator with at least 12 taken out accounts from the same HLRPP sub-program in the last 24 months.
Must have a collection efficiency rating (CER) of at least 90% in the last 12 months.
Must have facilitated the transfer from CTS to REM and annotated the LMA for at least 50% of their taken-out accounts at the time of assessment.
Must have complied to all the post take-out documents due at the time of the assessment
Is your portfolio qualified?
- Volume of Accounts
- Financial Capacity of Borrowers
- Collateral Coverage
Must be at least 12 accounts within the same project or an NHMFC accredited project/s.
The outstanding principal balance of the borrower must have a front-end ratio of not more than 33% and a back-end ratio of not more than 75%.
The Loan to Value Ratio of each account must not be more than 90%.
Get in Touch
For the full details of this program, talk to us! Set an appointment by sending an email at marketing@nhmfc.gov.ph or call us at 8892-55-03 or 09178231569.
