Prior to 2000, the secondary market for loans was fragmented and participation was costly, time consuming, and generally limited to financial institutions with the economies of scale to absorb high sunken expenses related to offering or purchasing large loan portfolios.
In 2000, DebtX transformed the secondary loan market by developing and deploying the first Internet marketing platform for loan sales. The DebtX platform, originally used on a proprietary basis by our Loan Sale Advisory Group, provided a scalable and efficient mechanism for participants of all sizes to sell and buy loans that previously had little to no liquidity.
Over the next five years, DebtX invested heavily in technology research and development, and in 2005 we expanded seller access by opening the marketplace to direct loan sellers and loan syndicators.
DebtX invests millions of dollars in technology R&D annually and today offers a suite of products designed to address specific client needs in various market segments; more than 600 sellers/syndicators and 100,000 primary and secondary market participants utilize our technology solutions.
We offer 100% web-based platforms that integrate secure document distribution with customer relationship management and workflow tools designed to record and leverage institutional knowledge, enhance collaboration, and improve our clients’ ability to execute their business plans. Our products have been audited and approved by the IT security groups of many of the world’s largest banks, government agencies, and other financial institutions.