Vice Capital Markets, a mortgage hedge advisory firm for independent lenders, banks and credit unions, reports that it has added its 50th investor to its all-inclusive whole loan mortgage trading platform, Vice Execution Portal (ViceEx).
The addition of the 50th investor enhances the platform’s ability to deliver unmatched market access and execution flexibility for clients selling mandatory, including all agency executions, the firm says in a release.
“ViceEx was designed to address the complexities of whole loan trading with unmatched simplicity and accuracy,” says Troy Baars, president of Vice Capital Markets. “Reaching this milestone with ViceEx demonstrates our commitment to empowering lenders with streamlined, data-driven solutions for their secondary execution needs. We’re eager to see how this platform continues to evolve and deliver for our clients.”
With ViceEx, secondary market managers can leverage a full data integration with Vice Capital’s reporting tools with the click of a button, creating streamlined solutions for lenders’ secondary execution needs.
Tailored specifically to each individual lender’s pipeline, ViceEx enables lenders to send and receive aggregator bulk bids, compare agency executions with customizable retained or co-issue servicing values, to ensure precision in best execution evaluations.
ViceEx finds the optimal specified pay-up for each individual loan in a sale to guarantee best execution that might otherwise be missed in a manual process, ensuring lenders can commit to the agencies with confidence.
ViceEx’s 50-member bulk investor network includes Fannie Mae’s Servicing Marketplace and Freddie Mac’s Cash-Release XChange.
