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.”
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.