April 1, 2016

DebtX Launches DebtX 7, Next-Generation Platform for Loan Sales

DebtX is happy to announce the launch of DebtX 7, a powerful new version of our loan trading platform that will enable buyers and sellers to execute transactions faster and easier. Our new technology streamlines the bidding and due diligence process and dramatically improves usability.

DebtX 7 combines state-of-the art technology with new features and functionality to simplify the process of identifying, valuing, bidding and closing loans offered at DebtX’s marketplace. Our cloud-based platform, 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 loans,” said DebtX CEO Kingsley Greenland. “Every major function has been made simpler and easier, 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 now access the DebtX marketplace on smartphones and tablets, such as Apple iPads and devices running Google’s Android operating system. The marketplace can also be accessed on all major web browsers, including Chrome, Internet Explorer, Safari, and Firefox.

DebtX 7’s user interface has also 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 database queries.

“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 improvements were the result of their thoughtful feedback and suggestions.”

DebtX 7. The fastest, easiest way to buy loans.