Resitrader has added new features to its whole loan trading platform, including 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,” says John Ardy, co-founder and CEO of Resitrader, in a release. “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.
Resitrader’s whole loan trading platform enables originators, banks, servicers, brokers and financial advisors to exchange loan data, documents and pricing information in order to buy and sell whole loans.
The new features will enable originators to sell loans faster with greater precision and better results, the company claims.
