The platform, called "TMCDirect," will provide TMC members with full access to Resitrader's trading platform, as well as special incentives and benefits for TMC members. With more than $1 billion of loans transacted monthly on the Resitrader platform, TMC members will have the opportunity to connect with other TMC members, as well as with a vibrant marketplace of 70-plus Resitrader customers for pricing, buying and selling whole loans.
"Through TMCDirect, we'll enable TMC member companies to buy and sell whole loans far more efficiently than previously possible," said John Ardy, Chief Executive Officver of Resitrader. "Our flexibility in connecting with any hedge advisory service, LOS (loan origination system), pricing engine or internal systems allows our users to connect with each other without limiting their technology options. We are the intersection for buyers, sellers and their important technology partners to create easy, efficient and profitable transactions."