LINCOLN, Neb.--(BUSINESS WIRE)--Mortech, a Zillow Group business providing mortgage technology solutions for mortgage bankers and secondary market teams, today announced a new integration between the Mortech® product and pricing engine (PPE) and Resitrader, a Calabasas, California-based provider of whole loan mortgage trade management software. The new integration provides a secondary marketing solution for lenders to manage bids and review their Mortech pricing models in real time before executing trades.
With this partnership, lenders trading loans on the secondary market can leverage Resitrader’s whole loan mortgage trading platform to communicate with buyers and sellers in real-time. The integration also allows lenders to exchange loan data while comparing offers from the multiple pricing models available from Mortech and settle transactions in an easy and efficient format.
“In order for secondary marketing professionals to maximize productivity and profitability around whole loan trading, they must be equipped with data accuracy and workflow automation,” said Doug Foral, general manager at Mortech. “This system integration streamlines the process of buying and selling whole loans, immediately delivers accurate pricing data for more informed profitability decisions, and provides Mortech clients with the ability to execute trades after a loan has been closed.”
“With the rise of mini-bulk transactions and active price negotiation taking such a prominent role in today’s market, integrating pricing engine data makes it easy to create the best execution,” said John Ardy, CEO of Resitrader. “Our integration with Mortech provides customers with a seamless interface for all the data they need to structure a whole loan trade.”
Mortech® supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, rate notification, prospect management tools, custom rate sheets, loan product eligibility and guideline services. Founded in 1987, Mortech is based in Lincoln, Neb. and is owned and operated by Zillow Group, Inc. (NASDAQ:Z and ZG).
Zillow, Mortech and Marksman are registered trademarks of Zillow, Inc.
For more information visit: http://www.mortech.com/
Resitrader, Inc. is a Calabasas, California-based provider of whole loan mortgage trade management software. Its whole loan platform enables loan originators, banks, servicers, brokers and financial advisors to exchange loan data, documents and pricing information in order to buy and sell whole loans. The system enables multiple buyers and sellers to offer, bid and transact simultaneously, and includes an easy-to-use trade settlement process. For more information, visit http://www.resitrader.com/.