The ECHMB provide funds in advance for origination of mortgages by Primary Lenders domiciled in the Eastern Caribbean Currecy Union such as Commercial banks, Development Banks, Insurance Companies and Credit Unions (collectively referred to as "Primary Lenders")
The mortgages originated from the funds are subsequently sold to the ECHMB.
Benefits to accessing ECHMB’s Mortgage Credit Facility
* Primary lenders have an external low cost source of funds for financing growth in their mortgage loans portfolio
* Primary Lenders would generate additional income by earning a fee for continuing to service the mortgages.