Resitrader, LendingQB integrate for loan-level trade processes

Users can update loan-level trade information from the Resitrader platform into LendingQB right after a trade

Resitrader, LendingQB integrate for loan-level trade processes

Resitrader, an Optimal Blue company and an online exchange for whole loan trading in the secondary mortgage market, has announced that it has integrated of its automated trading platform with LendingQB.

With the integration, participants can update loan-level trade information from the Resitrader platform into LendingQB immediately following completion of a trade. Resitrader creates a trade ticket for every trade between sellers and buyers as well as Fannie Mae and Freddie Mac. LendingQB users can import price, commitment, and investor loan numbers across multiple trades with a single click.

“The ‘one-click’ feature is highly regarded by our clients,” said Linn Cook, director of sales and marketing with LendingQB. “The ability to easily move data from trading to their LOS has saved an incredible amount of time and streamlined the archaic process of manual, duplicate entry.”

The integration includes data elements as specified by the originator. Additionally, users are enabled to generate and leverage custom fields applicable to their unique business processes and need.

“Our partnership with LendingQB further demonstrates our commitment to an open platform across the industry,” said John Ardy, vice president of Resitrader by Optimal Blue. “We look forward to expanding integrations with LOS and hedge-advisory firms to cover the full spectrum of the mortgage loan process; and we believe the relationship with LendingQB is one of many that will support the initiative for Optimal Blue and our network of strategic alliance partners to provide the highest level of satisfaction to our customers.”

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