New eligibility engine and automated LLPA and MSR values maximize seller results; updated platform can now be easily integrated to most secondary market systems
May 15, 2018 – LOS ANGELES, CALIFORNIA – Resitrader Inc., the leading online exchange for whole loan trading in the secondary mortgage market, announced new features to its digital platform that enable originators to sell loans faster with greater precision and better results.
The new features include a highly configurable eligibility engine that enables sellers to identify loan characteristics by the investor. The engine enables sellers to either notify traders of ineligible loans at the investor level or block transactions at the seller’s discretion.
The platform also now includes automated MSR values that can be loaded by sellers or fed into the platform by hedge advisory firms. Resitrader can provide indicative MSR values through its advisory partners, Vice Capital Management and Flatirons Hedging Analytics. The platform also now provides automated loan-level price adjustments (LLPA) that auto-populate pricing on agency loan trades.
“Resitrader’s latest features are giving sellers unprecedented control over trades,” said John Ardy, Resitrader co-founder and CEO. “Our eligibility engine lets sellers sort through price as well as eligibility for optimized results on all types of delivery. And by adding automated LLPA and MSR values, sellers can truly perform ‘apples-to-apples’ comparisons on whole loan trades.”
Resitrader recently upgraded its integrations to include the vast majority of systems used in the secondary market, helping lenders, servicers and investors save time, improve efficiency and reduce the risk of errors.
“We’re able to trade more quickly and confidently than ever with Resitrader’s new eligibility engine and pricing tools,” said Victoria DeLuce of Success Mortgage Partners. “Despite how much we love our spreadsheets in Capital Markets, Resitrader continues to remove the manual aspects of trading allowing us to focus on capturing every basis point in each trade.”
Resitrader, Inc. is a Calabasas, California-based provider of whole loan mortgage trade management software. Its whole loan platform enables loan originators, banks, servicers, brokers and financial advisors to exchange loan data, documents and pricing information in order to buy and sell whole loans. The system enables multiple buyers and sellers to offer, bid and transact simultaneously, and includes an easy-to-use trade settlement process. For more information, visit www.resitrader.com.