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Resitrader Completes Integration With Fannie Mae

NationalMortgageProfessional.com
Dec 14, 2017
Resitrader has announced new features to its digital platform that enable originators to sell loans faster with greater precision and better results

Resitrader Inc. has announced it has completed full integration with Fannie Mae's Pricing & Execution-Whole Loan (PE-Whole Loan) application for pricing and committing whole loans. This provides clients with the ability to obtain pricing across all "specified pay-up" options, and then commit and manage commitments for Fannie Mae loans through Resitrader's digital trading platform.
 
Resitrader users compare Fannie Mae whole loan pricing directly to bids from banks, aggregators and investors. By adding loan-level price adjustments (LLPAs) and mortgage servicing rights (MSR) values, users create an "all-in bid" on their Fannie Mae delivery option and then compare that pricing directly to servicing released bids from other investors.
 
“The Resitrader integration with Fannie Mae allows us to price and take down dozens of contracts with Fannie Mae simultaneously," said Tim Tuz of Wintrust Mortgage, "which reduces risk of market movement, and allows us to allocate loans to Fannie Mae more frequently."

 
Published
Dec 14, 2017
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