People on your desk.The platform underneath.
Secondary market services from people who work beside your capital-markets team: which investors to sell to, the execution rules applied to every lock, regular pipeline reviews, and loan sales from bid tape to purchase. All of it on the same platform and records as your desk.
- Advisors and platform on one engagement
- Services + software
- Advisors work in the platform your desk uses
- Same records
- Loan sales run end to end in one place
- Bid tape to purchase
- On every lock, winner and commitment
- Your approval
Advisors set the strategy.We handle the volume, your desk decides.
An engagement covers four areas. In each one the advisor brings the judgement, Secondarymkt carries the volume, and a person on your desk approves what goes out.
Investor relationships
Which investors to sell to, which to add, and how each one prices your loans.
Collect and parse each investor's rate sheets and guidelines once they're onboarded.
Decides which investors are approved to buy.
Execution and hedging policy
Write the best-efforts and mandatory rules with your capital-markets team.
Apply the rules to every lock request and show the rule that decided.
Approves the policy and each lock before anything is submitted.
Pipeline reviews
Walk the pipeline, coverage and pull-through with you on a regular cadence.
Keep the pipeline synced from the LOS and price what is lockable today.
Acts on the review: locks, trades and policy changes.
Loan sales
Run the sale cycle: bid tapes out, bids compared net of fees, winners recommended.
Assemble eligible loans, line bids up side by side and track each commitment.
Chooses the winners and signs off the commitments.
Sell to the investors who price you best.And know why they do.
Advisors help you decide which investors to sell to, onboard new ones, and read how each prices your loans. Every view they use is the same N-to-N pricing your desk sees.
Every investor's price for the same loan, ranked.
Before an advisor recommends an investor, the platform prices the loan across every investor you sell to and ranks them. The conversation starts from the numbers, with the adjustments behind each price one click away.
- Every approved investor ranked by price at the chosen rate
- Cost or credit to the borrower per investor
- Adjustments itemised on expand, traced to the rate sheet
- Investors pending setup flagged, so onboarding gaps are visible
New investors priced in hours, not months.
When you add an investor, advisors handle the relationship side and the investor's sheets and guidelines are collected and parsed. The new investor shows up in N-to-N pricing next to the rest once its sheets are in.
- Sheets collected by email, portal or link
- Every grid and LLPA parsed
- Eligibility rules traced to the guideline page
- Freshness tracked per investor
Your execution rules, written once.Applied on every lock.
Advisors work with your team on when a loan goes best efforts and when it goes mandatory. Those rules become the policy applied to every lock, and the position report shows how the pipeline stands against it.
The rule that decided, on every lock.
Once the policy is in place, each lock request is answered best efforts or hedge from your rules, with the deciding rule and the facts it used. Advisors review the outcomes with you and adjust the policy when the market or your investors change.
- Versioned rules by product class
- The deciding rule shown on every answer
- Policy changes reviewed with your team, never applied silently
- Every lock approved by a person before submission
Where the hedge stands, by agency.
Advisors read the position report with you: pipeline, desired against actual coverage, locks today, expirations and lock volume, then gain on sale by coupon. Gaps become a conversation about trades or policy, not a surprise at month end.
- Pipeline size and desired versus actual coverage
- Locks today and upcoming expirations
- Conventional and government side by side
- Coupon-level gain on sale
Review the pipeline together.From the same live view your desk uses.
Pipeline reviews run on the pipeline synced from your LOS, so the advisor and your desk look at the same loans, the same prices and the same coverage.
Each unlocked loan's best investor and price.
The pipeline syncs from Encompass every minute, read-only by default. The lockable-today view shows each unlocked loan with its best investor and price, which is where most reviews start.
- Encompass pipeline synced every minute
- Read-only by default; write-back is an opt-in setting
- Best investor and price for each unlocked loan
- Price any loan straight from the pipeline
What a review covers
Bid tape out, loans purchased.Every step on the same records as the desk.
Advisors run the sale cycle with your team. Eligible loans go out on a bid tape, bids come back and are compared net of fees across investors, winners are chosen by a person, and each commitment is tracked until the loans are purchased.
Funded loans
Eligible loans assembled, blocked ones shown with the reason.
Loans for saleBid tape out
One tape, sent to the investors you invite.
Loans for saleBids compared
Every investor's bid on every loan, net of fees.
Bids compareWinners chosen
Best bid and the gap to the runner-up, then a person picks.
Bids compareCommitment
Loans, amount, weighted price and the investor's number.
CommitmentsPurchased
Tracked from draft to purchased, with the expiry in view.
CommitmentsToday's sale cycle, with the reasons a loan is held back.
Funded loans land in the sale cycle with their sell price and warehouse line. Eligibility is checked per loan, blocked loans show why, and the bid tape and investor invitations go out from the same screen.
- Funded loans with sell price and warehouse line
- Eligibility per loan, with the block reason
- Bid tape built from the eligible loans
- Investor invitations sent from the cycle
Every investor's bid on every loan, net of fees.
Bids from every invited investor line up loan by loan, net of fees, so they compare like for like. The best bid and the runner-up are marked with the gap between them, and the winner is chosen by a person on your desk with the advisor's recommendation alongside.
- Bids from every investor side by side
- Net of fees, so prices compare like for like
- Best bid and runner-up marked, with the gap
- Winner chosen per loan by a person
From draft to purchased, by investor.
Each winning set of loans becomes an investor commitment with its loans, amount, weighted price, the investor's commitment number and its expiry. Status moves from draft to purchased, so nothing sits unnoticed until it expires.
- Loans, amount and weighted average price
- The investor's commitment number
- Expiry in view for every commitment
- Status tracked from draft to purchased
Services and software, together.Not a consultant working from spreadsheets.
Advisors don't hand you a deck. They work inside Secondarymkt, on the records your desk and your approvers already use.
Also part of an engagement
- Investor onboardingRelationship work by advisors, sheets and guidelines ingested in hours.
- Execution policy reviewsBest-efforts and mandatory rules revisited as markets move.
- Regular pipeline reviewsCoverage, pull-through and lockable loans, from live data.
- Loan sale cyclesBid tapes, bid comparison net of fees and commitment tracking.
- Audit trailEvery price, approval, winner and commitment recorded.
- Encrypted credential vaultInvestor portal credentials stored encrypted, every action audited.
- Pricing engineEvery loan across every investor, every LLPA traced.
- Lock deskRequests read, priced and locked after you approve.
- HedgingPosition, coverage, trades and BE vs mandatory per loan.
- IntegrationsYour LOS, rate sheets and guidelines connected in hours.
- CompareSecondarymkt against the best alternatives.
Bring us your next lock request.We'll walk it to confirmation.
A working session on your own loans and investors.
- A person approves every lock
- LOS read-only by default
- Encrypted credential vault
- Full audit trail