Hot on the heels of the DebtMarket V2.6 release, we have made some additional improvements to the DebtMarket application including speed increases, larger loan capabilities for detailed listings and an updated Seller Survey. Just a few weeks ago we released our brand new listing process. We have received a lot of feedback from our members and in this release we have made some adjustments. We will continue to fine tune our listing process and as always, we appreciate the suggestions and feedback from our seller members. Below are a brief synopsis of two of the more important features of our V2.7 release.
Improved Transaction Process
DebtMarket is an end-to-end transaction management platform and we have had tremendous success bringing buyers and sellers together in our marketplace. However, we recognize that whole loan transactions benefit from a standard, efficient and clear due diligence, contract negotiation and funding process. DebtMarket is developing a more robust system that will focus on the post-marketplace transaction process . Our first step in this process starts with this V2.7 release. Now, our transaction management system starts immediately upon a Seller listing a portfolio. This feature improves a DebtMarket Seller’s ability to manage and track multiple portfolios in various transaction stages on DebtMarket. Sellers will notice a new column on the Active Listings screen indicating any ”NEXT STEPS” required to move any portfolio sale towards closing. This improvement is the first of many our user experience team will be implementing over the next 6 months. The image below displays this new column.
Updated Seller Survey
We’ve begun to improve our automatic reporting and with this release buyers will see enhancements to our automatically generated Seller Survey. Upon listing, Sellers fill out a standard questionnaire. DebtMarket collects this information and our reporting engine generates the seller survey providing potential buyers with a better understanding of their transaction counter-party. Transparency continues to be one of DebtMarket’s ultimate objectives and we will listen to our members suggestions and implement features and functionality that help us achieve our goal.
As always, if there are any ways we can improve your experience with DebtMarket or help you list a portfolio for sale, do not hesitate to contact us at feedback [Email address: feedback #AT# debtmarket.com - replace #AT# with @ ]or call us at 866-559-4339.