GRAPEVINE, Texas--(BUSINESS WIRE)--defi SOLUTIONS announces the launch of defi EXCHANGE, a secure, online portfolio marketplace where sellers of auto loan portfolios can access multiple buyers and manage the entire sales process. defi EXCHANGE improves efficiencies and profitability by automating and enhancing processes, revolutionizing the way auto loan portfolios are bought and sold.
With defi EXCHANGE, buyers no longer need to build their bulk deal evaluation outside their lending platform in spreadsheets and with manual processes that require extra data scrutiny and attention. Sellers no longer need to provide sensitive consumer data to many potential buyers and then follow up manually. defi EXCHANGE eliminates processing inefficiencies and allows for the complete evaluation and pricing provided by a Loan Origination System.
defi EXCHANGE resulted from the purchase of SellYourBulk.com, the first-ever auto loan marketplace that began operations in 2015. “The key reason we acquired SellYourBulk.com is because defi SOLUTIONS and Sell Your Bulk share the same passion for helping auto lenders become more efficient while growing their business,” said Stephanie Alsbrooks, defi SOLUTIONS CEO. “We’ve been in the lenders’ shoes and understand the challenges they face, so we’re committed to building and delivering tech-forward products that bring much needed convenience, efficiency and control.”
In addition to buying the SellYourBulk.com technology, defi SOLUTIONS has retained its creator Randy Spradlin to lead the ongoing development and growth of defi EXCHANGE. “Before defi EXCHANGE, there wasn’t a place to go to efficiently purchase auto loan portfolios,” said Randy. “We’re providing access to quality loan portfolios to buy and sell. The key is making it accurate, secure, and simple to use.”
Sign up is simple. And once a defi EXCHANGE seller securely submits a portfolio, multiple buyers get alerted based on their buying criteria and can quickly make offers. Sellers can then compare offers, select the best, negotiate final terms, complete due diligence, close and get paid – all from a central streamlined system.
About defi SOLUTIONS
defi SOLUTIONS provides the only leading edge, browser-based loan origination system (LOS) platform that is completely configurable by lenders. The defi loan software system allows lenders to manage the application lifecycle and receive analytics from a single, highly flexible platform. defi SOLUTIONS services are affordable, scalable and easily changed with market demands. For more information, go to defiSOLUTIONS.com, defiANALYTICS.com, defiEXCHANGE.com, or defiSERVICING.com.