Mortgages from hedge funds
Through a friend, I got an offer for a 30 year fixed rate mortgage from a hedge fund. The rate is better than any banks I've seen by about 0.25%. They do all the servicing of the loan and use standard terms. I'm not familiar with this option, so was curious if there are risks with using hedge funds for mortgages that I'm unaware of. Is that a legitimate concern? Are there specific questions I should be asking or certifications I need to get in writing to avoid risk?