Skip to main content

Online Mortgage Pool Exchange Hits the 10,000 Member Mark

NationalMortgageProfessional.com
Jul 19, 2011

LoanMLS Inc. has announced that it has attracted 10,000 members, a significant business breakthrough. Sellers use the LoanMLS platform because it lets them divide loan pools into smaller pieces, an approach that means there will be more bidders and higher prices. “It’s not by accident that we attracted so many members to the site, but a reflection that we deliver a great user experience and a better way to do business,” said Martin Goodman, founder and president of LoanMLS Inc. “Members rely on us because they attract more serious interest than anywhere else on or off the Internet. Also, they benefit from better prices, and they can consider loans and loan pools from across the U.S. That’s why we have attracted so many members to the site so quickly.” Sellers using Loan MLS benefit from having buyers from across the country pursuing investment opportunities in which they could not otherwise participate. “Reaching the 10,000 member milestone is significant because it validates our approach to the business: Reasonable transaction fees and intuitive technology brings better prices. That means that participants will have more opportunities to transact business,” said Goodman. “We have done everything we could to make doing business as easy for members as possible—and that effort has paid off for us.” About LoanMLS LoanMLS Inc. is a non-auction, online mortgage loan and loan pool exchange that charges nominal listings fee and no commissions to transact business. It was designed for loan professionals to meet online to buy and sell their debt holdings. Membership on the exchange is free. Since opening for business in 2009, LoanMLS has attracted 9,000 buyers and sellers because of its one of a kind value proposition: Sellers gain a way to hit their target prices faster than was ever possible in the past; buyers can bid on the individual loans they prefer and don’t, therefore, have to invest in pools of loans—when they only want one or two loans. LoanMLS provides a dynamic, sophisticated approach to the sale of loans and loan pools. Customized, proprietary, technology ensures that entering orders is intuitive and that transactions are 100% secure. For more information, visit LoanMLS at http://www.loanmls.com.
Published
Jul 19, 2011
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023