With BAM Marketplace you’ll receive more timely information on who is winning certain bids, while making your best execution pricing decisions and optimizing your investor set.
In contrast to the standard loan system, all pricing is live with open loan exchange, so that both you and your staff are kept up to date on pricing changes.
There’s no fixed price, as buyers bid in the form of a spread to the underlying security associated with the loan, giving the seller certainty and allowing market movement to continue.
With an open loan exchange, lenders can price and trade loans more efficiently. That way, the risk of slowed turn times for pricing is mostly avoided.
When the CARES Act was introduced in March 2020, it sparked zero servicing on GNMA and a liquidity crisis on non-QM, causing financial hardship for both lenders and warehouse lines.