DebtX Launches Next-Generation Platform For Loan Sales

DebtX 7 Streamlines Bidding and Due Diligence, Significantly Improves Usability

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Apr 06, 2016, 09:00 ET

BOSTON, April 6, 2016 /PRNewswire/ -- DebtX, the largest marketplace for loans, today announced the launch of a powerful new version of its loan trading platform that will enable buyers and sellers to execute transactions faster and easier.

DebtX 7, DebtX's cloud-based loan sale platform, combines state-of-the art technology with new features and functionality to streamline and simplify the process of identifying, valuing, bidding and closing loans offered at DebtX's marketplace.

DebtX's marketplace, which provides liquidity to loan sellers and deal flow to buyers on four continents, has been used by hundreds of financial institutions as well as national, state and local governments.

"DebtX's re-architected platform delivers one-click simplicity and complete flexibility to access the world's most liquid marketplace for commercial and residential loans," said DebtX CEO Kingsley Greenland. "Every major function has been made simpler and easier in DebtX 7, from bidding and due diligence, to loan valuations and property searches. This is DebtX's best technology platform ever."

Among the enhancements are device and browser compatibility. Users can access the DebtX marketplace on smartphones and tablets running Apple's iOS and Google's Android operating systems, as well as all web browsers, including Chrome, Internet Explorer, Safari, Firefox, and others.

The user interface has been redesigned to allow buyers to conduct due diligence in less time. Loan files can be accessed from asset summary pages, and properties can be located using Google maps. To help buyers value a loan, DebtX's new credit risk rating system for commercial real estate loans, DXScore^®, has been integrated into the inventory details, providing a quick way to view a loan's total credit risk.

DebtX's re-engineered platform also includes security upgrades, enhanced Digital Rights Management and encryption, and software process improvements that result in quicker response times to end users.

"This is DebtX's most significant technology upgrade in the company's 16-year history," said Kevin Jarnot, DebtX's Chief Technology Officer. "Everything about the platform is better, and we have our users to thank. Many of the functional improvements were the result of their thoughtful feedback and suggestions."

About DebtX
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.