Default risk transfer
AXY Wrap® shifts covered default exposure from lenders to Axylyum.
Based in Garden City, Axylyum is a financial services company serving retail and wholesale private lenders. Its AXY Wrap® product is designed to protect mortgage loan portfolios from default risk. If a covered loan defaults, Axylyum Charter purchases the distressed asset at 100% of its origination price, transferring default exposure from the lender. The service also provides liquidity support by keeping loans off lenders' balance sheets, along with credit enhancement for first-payment defaults, early-payment defaults, and seasoning. Axylyum describes its offering as a way to support capital deployment, expand lending guidelines, and enter additional states. AXY Wrap® is paid for by borrowers at closing, and the company says it can be exercised as soon as 30 days after default.
Disclosure: Profile information has been compiled from publicly available sources and has not yet been verified by the business.
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AXY Wrap® shifts covered default exposure from lenders to Axylyum.
Helps lenders keep cash flow by keeping loans off their balance sheets
Provides protection for first- and early-payment defaults and seasonin
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