Altisource Launches noteXchange Mortgage Trading Platform – NMP Skip to main content

Altisource Launches noteXchange Mortgage Trading Platform

NationalMortgageProfessional.com
Mar 06, 2017
Altisource Portfolio Solutions has announced the launch of noteXchange

Altisource Portfolio Solutions has announced the launch of noteXchange, a proprietary mortgage trading platform that can help deliver greater efficiency, security and other advantages for mortgage bankers and loan investors.
 
The noteXchange platform helps address the growing need for a more uniform, compliant, secure and efficient technology solution in the whole loan (mortgage) trading market. Designed to replace today's manual and often risky process of transacting through spreadsheets and e-mail, the platform centralizes trading activity between buyers and sellers and helps safeguard the transmission of data. noteXchange enables sellers to expedite trading by mapping loans to uniform templates and easily managing the distribution to multiple buyers in one place. This provides loan investors access to greater loan volume and variety, creating a centralized platform where all users can benefit.
 
"We are excited to announce noteXchange as another innovative and proprietary technology to directly benefit our growing network of members, vendors and investors," said Bryan Binder, co-lead, Altisource Origination Solutions and chief executive officer of Lenders One. "We worked closely with various buyers and sellers during the development process to create a product that would make the loan trading process more simple, transparent and secure. The beta phase consisted of more than 40 participants whose direct feedback helped shape the technology we are offering today. This product is another example of how Altisource continues to use technology and innovation to help shape the mortgage market, as well as help Lenders One members increase their profitability."
 
noteXchange can also facilitate faster trading through a relationship with Thomson Reuters, which provides real-time pricing data to help inform bids made on the platform. The data provided by Thomson Reuters gives buyers the ability to anchor bids to market instruments with 20-second updates so users can continue trading through highly volatile markets and minimize hedging risk.
 
"This is a further demonstration of our commitment to deliver new and innovative solutions that empower mortgage professionals with the knowledge they need to evaluate risks and identify opportunities," said Adam Quinones, global head of mortgages and ABS, Thomson Reuters, Financial and Risk. "By collaborating with Altisource, we intend to deliver a unique and efficient solution to help our clients drive revenue."
Published
Mar 06, 2017
OpenClose Launches Mobile Assist

OpenClose, a fintech provider of mortgage software solutions for banks, credit unions, and mortgage lenders launched its native mobile app platform, Mobile Assist.

Tech
Dec 07, 2021
Deephaven Heightens Foreign National DSCR Program

Deephaven is amping up its Foreign National DSCR Program as a response to the increase in the real estate investment market.

Non-QM
Dec 07, 2021
Revolution Mortgage Opens Second Mortgage Branch In Cincinnati

Columbus, OH-based Revolution Mortgage announced the opening of its second branch in Cincinnati and 14th branch in Ohio.

Industry News
Dec 06, 2021
Nations Lending Teams Up With NBA Legend Dennis Rodman On Integrated Brand Campaign

Nations Lending, a full-service national mortgage lender, announced the launch of its first integrated brand campaign starring NBA Champion and All-Star Dennis Rodman.

Sales and Marketing
Dec 06, 2021
Black Couple 'Erased Themselves' From Home, Receives Higher Appraisal

Paul Austin and his wife, Tenisha Tate-Austin are looking to take legal action after receiving a higher appraisal on their home only after “white-washing” their home by removing any trace of themselves.

Industry News
Dec 06, 2021
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021