Resitrader Expands Integrations For Whole Loan Sellers
Leading digital loan platform now integrated with most systems of record used by secondary market participants
MAY 2, 2018 – LOS ANGELES, CALIFORNIA – Resitrader Inc., the leading online exchange for whole loan trading in the secondary mortgage market, has announced a series of integrations with hedging and advisory firms, loan origination software (LOS) providers, and others, enabling more sellers of whole loans to achieve better results through its digital platform.
Resitrader has integrated with Vice Capital Management and Flatirons Hedging Analytics, advisory firms that help mortgage companies hedge their portfolios against risk. The integrations enable both firms to simultaneously offer loans for sale and hedge their positions using the Resitrader platform.
In addition, Resitrader integrates directly with all major loan origination platforms, making it easier for originators to instantly upload loan data to the Resitrader platform. Resitrader also upgraded its integrations with Fannie Mae and Freddie Mac, empowering sellers to quickly access loan-level pricing, commitments and deliveries on agency loans.
“Giving our clients a choice is critical to success,” said Chris Bennett, principal of Vice Capital Management. “With Resitrader, our clients can trade themselves or we can do it for them – either way, it’s integrated directly into our hedging platform.”
“Resitrader fits perfectly with our needs,” said Brent Buckmaster, executive vice president and partner at FCM. “Since we integrated Resitrader into our risk management system, our ability to sell loans in bulk packages has elevated our business to a whole new level.”
“We are committed to making digital loan trading easier and more accessible to any organization that wants it, regardless of their loan system of choice,” said John Ardy, Resitrader co-founder and CEO. “These integrations save time, improve efficiency and reduce the risk of errors for secondary market participants whether they sell to external bidders or through standard execution models. We will continue expanding our integrations with all platforms, so we can help even more sellers achieve better results.”
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.