The Mintos Threat Rating for loans issued by Credifiel is 7, with the subscores of seven for mortgage portfolio efficiency, 8 for mortgage servicer effectivity, 6 for buyback energy, and 6 for cooperation construction.
The safety consists of a direct mortgage task complemented by an additional layer of pledges over loans listed on Mintos, which can be established to safe investor claims. Then notably, along with the primary issued Mintos Notes backed by Credifiel’s loans, there can even be a third-party belief supplier chargeable for securing the money flows incoming from Mintos-funded loans’ repayments. The belief administrator ensures that they’re legally separated and Mintos is the primary beneficiary of the repayments coming from specific mortgage agreements. So, for instance, within the unlikely case of Credifiel’s default, Mintos would instantly inform the belief administrator to redirect all borrower repayments on to Mintos account, and solely the remaining quantities, in any case Mintos claims are happy, would go to the lending firm itself.
As quickly because the grasp belief account for traders on Mintos is finalized, the cooperation construction subscore can be improved to eight.
Since its loans are initially issued in MXN and listed on Mintos in EUR, the lending firm can even hedge its full international trade threat publicity to guard towards unfavorable forex actions.