Competitive auction
Quotes from multiple providers, not one.
Service · Interest rate caps
A rate cap is only as good as the price you pay and the terms you sign. Evercrest runs a competitive auction across highly-rated cap providers, negotiates the structure, and makes sure the cap meets your lender's requirements, including Fannie Mae and Freddie Mac agency standards.
Overview
When you buy a rate cap, the bank quoting it has every incentive to widen the price, and most borrowers take the first number. We do not. We put your cap out to competitive bid across active providers, normalize the quotes so you can compare them on equal terms, and negotiate the details that drive cost: strike, term, index, and payment timing. For agency loans, we manage the prescriptive requirements that Fannie Mae and Freddie Mac impose, from eligible counterparties and required conventions to replacement reserve funding and agency-conforming documentation, so the cap clears review without surprises.
What's included
Quotes from multiple providers, not one.
Strike, term, index, timing optimized to your loan.
Fannie Mae and Freddie Mac conforming executions.
Confirmations and lender or agency paperwork handled.
Plan and price the next cap before the current one expires.
Common questions
Get competitive pricing first.