Secondary MKT Advisors · Mortgage capital markets

Price, lock and hedge every loan.We do the work. Your desk decides.

Lock requests arrive from Encompass, email and Google Chat. We read the loan, price it across every investor, call best efforts or hedge from your execution policy, and lock in the investor portal once your desk approves.

Book a demo Follow a lock end to end

New requestRate lockLock request from Encompass

Trusted by lock desks at

AHL
CCL
PPL
ELG
AHL
CCL
PPL
ELG
AHL
CCL
PPL
ELG

What we do

One platform for the secondary desk.With a team behind it.

Pricing engine

Every LLPA. Every investor.No missed adjustments.

Wrong prices and missed LLPAs cost margin. Change an input and watch every investor re-price, with each adjustment shown.

ScenarioConv 30 fixed · owner-occupied · single family

Loan amount$412,500

Credit score752

LTV80%

Purpose

Lock period

#InvestorRatePriceAdjustments

Illustrative · fictional investors and adjustments

Plus: compare products and investors side by side, and save quotes.

Pricing support explains why one investor leads, the changes it tested against today's sheets, and a proposal with the before and after price

Loan answers

Ask anything about a loan.Get the answer and its sources.

Eligibility, price, why a lock failed. Every answer cites the loan record, the rate sheet or the guideline page.

Illustrative · fictional loans and investors

Try a question

Loan answersRead-only access to Encompass, rate sheets and guidelines

Why did loan 2410388 fail to lock?

Bayline's portal refused the lock at the final step: 45-day locks aren't offered on high-balance loans in today's sheet, and this loan is $845,000. Nothing was resubmitted. Northcrest prices the same terms at 100.625 for 45 days. Want me to prepare that lock for approval?

Lock runBayline portal · step 7 of 8Portal message captured at 10:12

Rate sheetBayline · today 08:14High-balance grid, lock periods

Loan recordLoan 2410388$845,000 · 45-day lock requested

Is 2410391 eligible with Pinewood at 95% LTV?

Not as submitted. Above 90% LTV Pinewood requires a 700 minimum credit score, and this loan's representative score is 688. Bayline and Ashgrove both accept it at 95%; Bayline is the better price at 100.250 for 30 days.

Loan recordLoan 2410391Credit score 688 · LTV 95.0%

GuidelinePinewood seller guidePage 42, §4.3 Credit score

Rate sheetBayline · today 08:14Conv 30 fixed, 30-day

Best efforts or hedge for 2410387?

Best efforts. The rate of 6.625% falls inside your Conv 30 BE band of 6.250 to 6.875, and the best two investors are 0.063 apart, under your 0.125 hedge trigger. If the gap widens past 0.125 before you approve, I'll flag it as a hedge candidate.

GuidelineYour execution policyConv 30 · rate band and price gap rules

Rate sheetBayline · today 08:14100.875 at 6.625%, 30-day

Rate sheetNorthcrest · today 10:41100.812 at 6.625%, 30-day

What changed in Northcrest's sheet this morning?

Northcrest re-priced at 10:41. Conv 30 fixed improved by 0.125 at 6.500% and above, and the 60-day lock adjustment moved from −0.250 to −0.375. Three loans in your pipeline now price best with Northcrest; 2410394 moves ahead of Bayline by 0.063.

Rate sheetNorthcrest · today 10:41Compared with the 08:02 sheet

Pipeline3 loans affected2410394, 2410402, 2410417

Loan recordLoan 2410394Conv 30 · 60-day lock

Why did loan 2410388 fail to lock?

Lock runBayline portal · step 7 of 8Portal message captured at 10:12

Rate sheetBayline · today 08:14High-balance grid, lock periods

Loan recordLoan 2410388$845,000 · 45-day lock requested

Lock desk

A lock, end to end.Six steps, one approval.

We do the reading, pricing and portal work. Your desk makes the one decision that matters.

Step 1 of 6 · Secondarymkt

Request arrives

A lock request lands from Encompass, the lock inbox or a Google Chat space. It opens one conversation and is matched to the loan.

Card statusReceived→Loan matched

Audit trail · loan 2410387Illustrative

10:02:14Request received from Google Chat · Retail desk space
10:02:16Matched to loan 2410387 in Encompass

Hedging and execution

Know your coverage.Commit each loan the right way.

Position, coverage, pull-through and TBA trades in one place. Your execution policy decides best efforts or mandatory for every loan.

Coverage summary: pipeline size, desired coverage, trade position and actual vs target coverage for conventional and government loans, with locks today and loans expiring tonight

Swipe to see the full report

Best efforts: Deliver if it closes. Lower price, no pair-off.
Mandatory: Commit and hedge. Better price, pair-off risk.

Secondary market services

Secondary MKT Advisors.People on your desk, the platform underneath.

The platform comes with a team: advisors on your investors, execution and loan sales, working from the same records as your desk.

Investor relationships

Which investors to sell to, and how each prices your loans.

Execution and hedging policy

The best-efforts and mandatory rules applied to every lock.

Loan sales and pipeline

Bid tapes out, bids compared net of fees, commitments to purchase.

Talk to an advisor

Funded loans in today's sale cycle with sell price, eligibility and why a loan is blocked

Integrations

Rate sheets and guidelines in hours.Not the months a typical PPE takes.

Every investor's sheets and guidelines are ingested the day you connect. Encompass stays read-only unless you turn on write-back.

Hour 0Connect your LOSRead-only by default. Credentials go into the encrypted vault.
Hour 1Point your channelsForward the lock inbox and add Secondarymkt to your Google Chat space.
Hour 2Sheets and guidelines inEvery investor's rate sheets and guidelines ingested, with every adjustment.
Hour 3Load your policyYour best-efforts and hedge rules, and who approves what.
Hour 4First lock requestPriced across your investors and waiting for your approval.

An illustrative first day.

Loan origination systems. Connected to the LOS you already run.

EncompassICE Mortgage Technology
EmpowerDark Matter Technologies
MeridianLink MortgageMeridianLink
Calyx PATHCalyx Software
Blue Sage LOSBlue Sage Solutions

Compare

Live in hours, priced without misses.Against the best alternatives.

Onboarded in hours, every adjustment shown, and every pricing and loan question answered with its sources.

Comparison of Secondarymkt against the best alternatives
Capability	Secondarymkt	Best alternative	Second-best alternative
Rate sheet and guideline onboarding	Offered Hours, every sheet ingested	Partly, or with limits Months of setup	Partly, or with limits Weeks to months of setup
Pricing accuracy and LLPAs	Offered Every LLPA shown, traced to the sheet	–Not published Cell-level tracing not published	–Not published Cell-level tracing not published
Exceptions and over-limit locks	Offered Routed to the approver, audited	–Not published Manual	Partly, or with limits Approval routing not published
Pricing support and every loan question	Offered Answers with their sources	–Not published Not published	–Not published Not published
Who prices it better, side-by-side compare	Offered Every investor ranked, quotes saved	–Not published Not published	–Not published Not published
Lock desk with human approval	Offered Locked after you approve	Partly, or with limits Approval model not published	Partly, or with limits Approval model not published
LOS connectivity	Offered Every major LOS, connected in hours	Partly, or with limits Partner integrations	Partly, or with limits Named integrations only

SecondarymktBest alternative

Rate sheet and guideline onboarding
Offered
Hours, every sheet ingested
Partly, or with limits
Months of setup
Pricing accuracy and LLPAs
Offered
Every LLPA shown, traced to the sheet
–Not published
Cell-level tracing not published
Exceptions and over-limit locks
Offered
Routed to the approver, audited
–Not published
Manual
Pricing support and every loan question
Offered
Answers with their sources
–Not published
Not published
Who prices it better, side-by-side compare
Offered
Every investor ranked, quotes saved
–Not published
Not published
Lock desk with human approval
Offered
Locked after you approve
Partly, or with limits
Approval model not published
LOS connectivity
Offered
Every major LOS, connected in hours
Partly, or with limits
Partner integrations

Offered Partly, or with limits– Not published

From the desk · Secondary MKT Advisors

“I’ve spent 30 years in this industry and have never seen a pricing engine as affordable, accurate and easy to integrate as Secondarymkt.”

Larry OwensDirector, Secondary MKT Advisors

30 years in the industryMortgage capital markets

Bring us your next lock request.We'll walk it to confirmation.

A working session on your own loans and investors.

Book a demo hello@secondarymkt.com

A person approves every lock
LOS read-only by default
Encrypted credential vault
Full audit trail