$OCFN ~ Insurance Premium Capital Markets Program
Post# of 44846
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Posted On: 02/08/2017 8:44:42 AM
$OCFN ~ Insurance Premium Capital Markets Program
Omega’s Insurance Capital Markets Program is designed to assist agents, BGAs, and wealth management advisors expand their asset protection and estate planning insurance products and services. Our solution is designed for insurance policy seekers that are approved for premium finance funding. Consequently, their requirement to pay the interest on borrowed funds is mitigated within our program by delivering annual dividend-income to the policyholder. What makes this such a solid structure for the clients are twofold; (i) they will have the protection of their investment secured by our financing of commercial short to mid-term property loans, which are pre-sold to CMBS securitization firms prior to Omega funding the loans. Hence Omega in this particular situation, acting as a Correspondent Lender, will simultaneously sell these loans at the closing table. This allows Omega to turn over the loans every 3-days, which also mitigates the risk of holding the assets on the Balance Sheet for an extended period of time. Consequently, this provides Omega its liquidity to meet any redemption needs for the insurance capital markets product. This program entails a streamlined process that effectively provides agents all the necessary assistance coupled with efficient procedures from start to finish as described below:
The agent presents the approved line of credit along with an application from the beneficiary.
Omega reviews application and then issues a suitable questionnaire to determine if the client is eligible for the program.
The beneficiary, through the agent, is sent a subscription agreement detailing Omega’s structured product and fixed investment terms.
Upon application approval a closing shall occur within five (5) business days.
Omega’s Insurance Capital Markets Program is designed to assist agents, BGAs, and wealth management advisors expand their asset protection and estate planning insurance products and services. Our solution is designed for insurance policy seekers that are approved for premium finance funding. Consequently, their requirement to pay the interest on borrowed funds is mitigated within our program by delivering annual dividend-income to the policyholder. What makes this such a solid structure for the clients are twofold; (i) they will have the protection of their investment secured by our financing of commercial short to mid-term property loans, which are pre-sold to CMBS securitization firms prior to Omega funding the loans. Hence Omega in this particular situation, acting as a Correspondent Lender, will simultaneously sell these loans at the closing table. This allows Omega to turn over the loans every 3-days, which also mitigates the risk of holding the assets on the Balance Sheet for an extended period of time. Consequently, this provides Omega its liquidity to meet any redemption needs for the insurance capital markets product. This program entails a streamlined process that effectively provides agents all the necessary assistance coupled with efficient procedures from start to finish as described below:
The agent presents the approved line of credit along with an application from the beneficiary.
Omega reviews application and then issues a suitable questionnaire to determine if the client is eligible for the program.
The beneficiary, through the agent, is sent a subscription agreement detailing Omega’s structured product and fixed investment terms.
Upon application approval a closing shall occur within five (5) business days.
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