BOSTON, March 29, 2016 /PRNewswire/ -- DebtX, the largest marketplace for loans, has been awarded a five-year contract by the U.S. General Services Administration (GSA) to provide loan sale advisory, valuation and due diligence services to federal government agencies.
Under the contract, which is effective through February 2021, DebtX has been approved to act as Program Financial Advisor, Transaction Specialist, and Due Diligence & Support Services provider.
"We are pleased GSA selected DebtX to provide a wide range of financial advisory services," said DebtX CEO Kingsley Greenland. "This provides federal agencies an excellent contract vehicle to leverage DebtX's experience in providing loan sale advisory services and loan analytics, including automated loan and portfolio valuations."
The GSA contract is the latest in a series of government engagements for DebtX. Over the past fifteen years, DebtX has worked with HUD, FDIC, SBA, and other federal institutions to price and sell more than $100 billion in loans.
The GSA appointment follows a year-long vetting process confirming DebtX has the organizational structure, expertise, and financial controls required to deliver services in a transparent and auditable manner to federal agencies.
DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory, DebtX maximizes loan sale proceeds for financial institutions and government agencies. DebtX also provides loan valuation, analytics and market data for regulatory and audit purposes. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. For loan originators and risk managers, DXScore® is the firm's credit rating system for commercial real estate loans. DebtX is based in Boston, with offices across the U.S., South America, Europe and Asia. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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