DebtX 7 streamlines bidding, due diligence

Loan marketplace DebtX has launched a 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.

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 operates a marketplace for loans. Through its loan sale advisory, it maximizes loan sale proceeds for financial institutions and government agencies.