BOSTON, Jan. 13, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, today announced that it priced $10 trillion in loans in 2013 and that its DXMark® loan valuation service has met the rigorous audit test under the Statement on Standards for Attestation Engagements (SSAE) 16.
"The pricing of $10 trillion in loans and DXMark certification under SSAE 16 are two more milestones for DebtX," said DebtX CEO Kingsley Greenland. "Both achievements are the result of our continuing investment in technology and reinforce our position as the world's largest and most liquid marketplace for loans."
SSAE 16 is a control standard issued by the American Institute of Certified Public Accountants (AICPA) that confirms the reliability of a provider's service to another company. DXMark was issued an unqualified opinion following the SSAE 16 examination.
DebtX prices residential, Commercial Real Estate, and Commercial & Industrial loans for banks, insurance companies, and regulatory authorities in the U.S. DebtX is the only firm with a valuation service that uses real-time, aggregated data from loan sales to provide an independent and reliable estimate of a loan's value.
To learn more about DebtX's suite of valuation, data and analytics services, call 617.531.3429. For information about loan sale advisory services, call 617.531.3400.
DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call +1.617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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