New platform provides faster, safer mortgage trading

by Anna Sobrevinas09 Mar 2017
A new, state-of-the-art mortgage trading platform is now available for mortgage professionals and customers, according to a news release.

Launched by mortgage and technology services provider Altisource at the recent Lenders One winter conference in Florida, noteXchange is a modern and secure trading platform, aimed at making the mortgage trading process more efficient and centralized.

“We worked closely with various buyers and sellers during the development process to create a product that would make the loan trading process more simple, transparent and secure,” said Bryan Binder, co-lead at Altisource Origination Solutions and CEO of Lenders One.

Sellers will also be able to map their loans to uniform templates and distribute to multiple buyers in one platform. 

Trading will become faster with real-time pricing through noteXchange’s partnership with Thomson Reuters, which provides buyers with 20-second updates to safely traverse through highly volatile markets and minimize risk.

“This is a further demonstration of our commitment to deliver new and innovative solutions that empower mortgage professionals with the knowledge they need to evaluate risks and identify opportunities,” said Adam Quinones, global head of mortgages and ABS, Thomson Reuters, Financial and Risk. “By collaborating with Altisource, we intend to deliver a unique and efficient solution to help our clients drive revenue.”

Related stories:
CFPB probing Altisource over Ocwen relationship


Should CFPB have more supervision over credit agencies?