TMCDirect, The Mortgage Collaborative's private label loan trading platform, powered by Resitrader is attracting a massive amount of interest throughout the mortgage industry with an innovative platform that transforms the loan trading process by expediting the trading of spreadsheets and bid-tapes while adding additional layers of the security for their buyers and sellers. Here are insights from Resitrader offered to Rob Chrisman this past week.
Resitrader reports on-going interest in buyers and sellers moving to its secondary market digital platform due to internal and external audits. “Our clients are getting pushback on e-mailed bid tapes, whether they’re password protected or not, due to NPI [Non-public Personal Information] data transmission through e-mail being insecure. And that’s driving them to online platforms,” said John Ardy, CEO of Resitrader. “We hear from our larger buyers, especially the regulated institutions, that the days of the emailed bid tape are numbered.”
For more information on what Resitrader can innovate and streamline your loan trading process, contact:
TMC - Chief Operating Officer