Resitrader in Calabasas, Calif., has introduced an online marketplace for the exchange of loan data, documents and pricing information.
The new platform is designed to help originators, banks, servicers, brokers and financial advisers buy and sell whole loans, Resitrader said in a news release. The exchange combines secondary operations support with the ability to connect buyers and sellers.
"With the rise of mini-bulk transactions and active price negotiation taking such a prominent role in today's market, a platform like Resitrader is long overdue, and not just for Community Reinvestment Act-eligible loans," Bill Dallas, chief executive of Skyline Home Loans, said in the release.
The platform can also be used for jumbo and expanded-criteria loans, John Ardy, Resitrader's CEO, said in the release.