Resitrader rolls out new eligibility, pricing tools on trading platform

by Francis Monfort17 May 2018

Resitrader, a provider of whole loan mortgage trade management software, has added new eligibility and pricing features to its digital platform to improve how originators sell loans.

The new features include a configurable eligibility engine and automated MSR values.

With the eligibility engine, sellers can identify loan characteristics by the investor. Sellers using the engine can also either notify traders of ineligible loans at the investor level or block transactions at the seller’s discretion.

Sellers and hedge advisory firms are now allowed to load or feed the new automated MSR values into the platform. Through its advisory partners Vice Capital Management and Flatirons Hedging Analytics, Resitrader can now provide indicative MSR values. In addition, 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,” Resitrader co-founder and CEO John Ardy said. “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.”

The new features follow a recent upgrade by Resitrader of its integrations, which now include a majority of systems used in the secondary market.

 

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