Live in hours, priced without misses.Against the best alternatives.
Eleven rows on what a secondary desk lives with every day: how long onboarding takes, whether every LLPA lands on the price, how exceptions are approved, and how fast each loan question gets an answer.
- Not months, to onboard rate sheets and guidelines
- Hours
- Applied, shown and traced to the rate sheet
- Every LLPA
- For every exception and over-limit lock
- Right approver
- With its sources, for every pricing and loan question
- Every answer
Row by row.Kept short and factual.
Secondarymkt cells describe the platform today. Alternative cells summarise what is publicly available; where nothing is published, we say so.
| Capability | Secondarymkt | Best alternative | Second-best alternative |
|---|---|---|---|
| 01Rate sheet and guideline onboardingHow long until every investor's sheets and guidelines are live. | Offered Hours. Every rate sheet and guideline ingested. | Partly, or with limits Months of setup | Partly, or with limits Weeks to months of setup |
| 02Pricing accuracy and LLPAsWhether every adjustment is applied and visible on the price. | Offered Every LLPA applied and shown, traced to the rate sheet. Eligibility traced to the guideline page. | –Not published Sheet- and page-level tracing not published | –Not published Sheet- and page-level tracing not published |
| 03Exceptions and over-limit locksHow a pricing exception is requested, approved and recorded. | Offered Routed to the right approver with the terms, the reason and the audit trail. | –Not published Manual | Partly, or with limits Approval routing not published |
| 04Pricing supportAsk why a price is what it is and what would change it. | Offered Every adjustment itemised, changes tested against today's sheets, one proposed for approval. | –Not published Not published | –Not published Not published |
| 05Every loan question answeredEligibility, price, why a lock failed. | Offered Answers with their sources: the loan record, the rate sheet and the guideline page. | –Not published Not published | –Not published Not published |
| 06Compare and saved quotesProducts and investors side by side for the same loan. | Offered Products and investors side by side at every rate; every quote saved. | –Not published Not published | –Not published Not published |
| 07Who prices it betterEvery other investor ranked against the one you're about to lock with. | Offered N-to-N: every investor ranked against your current one, with the adjustments behind each price. | –Not published Not published | –Not published Not published |
| 08Lock desk with human approvalWho signs off before a lock goes to the investor. | Offered Locked in the investor portal after you approve. Nothing auto-resubmits. | Partly, or with limits Approval model not published | Partly, or with limits Approval model not published |
| 09Best efforts vs mandatory per loanThe execution decision for each loan, and the rule behind it. | Offered Decided per loan from your execution policy, with the deciding rule shown. | –Not published Not published | –Not published Not published |
| 10LOS connectivityWhich loan origination systems connect, and how. | Offered Encompass, Empower, MeridianLink, Calyx and Blue Sage, connected in hours. Read-only by default. | Partly, or with limits Partner integrations | Partly, or with limits Named integrations; no public directory |
| 11People and advisoryAdvisors on investors, execution and loan sales, beside the software. | Offered Secondary MKT Advisors on investors, execution, hedging and loan sales. | Partly, or with limits Limited to hedging | –Not published Not published |
- Rate sheet and guideline onboardingOffered
Hours. Every rate sheet and guideline ingested.
Partly, or with limitsMonths of setup
- Pricing accuracy and LLPAsOffered
Every LLPA applied and shown, traced to the rate sheet. Eligibility traced to the guideline page.
–Not publishedSheet- and page-level tracing not published
- Exceptions and over-limit locksOffered
Routed to the right approver with the terms, the reason and the audit trail.
–Not publishedManual
- Pricing supportOffered
Every adjustment itemised, changes tested against today's sheets, one proposed for approval.
–Not publishedNot published
- Every loan question answeredOffered
Answers with their sources: the loan record, the rate sheet and the guideline page.
–Not publishedNot published
- Compare and saved quotesOffered
Products and investors side by side at every rate; every quote saved.
–Not publishedNot published
- Who prices it betterOffered
N-to-N: every investor ranked against your current one, with the adjustments behind each price.
–Not publishedNot published
- Lock desk with human approvalOffered
Locked in the investor portal after you approve. Nothing auto-resubmits.
Partly, or with limitsApproval model not published
- Best efforts vs mandatory per loanOffered
Decided per loan from your execution policy, with the deciding rule shown.
–Not publishedNot published
- LOS connectivityOffered
Encompass, Empower, MeridianLink, Calyx and Blue Sage, connected in hours. Read-only by default.
Partly, or with limitsPartner integrations
- People and advisoryOffered
Secondary MKT Advisors on investors, execution, hedging and loan sales.
Partly, or with limitsLimited to hedging
Four problems we hear first.And what changes on day one.
Months of onboarding, prices nobody can explain, adjustments left off the price and exceptions with no record. Each has a direct answer in the platform.
- 01
Months of onboarding
BeforeEvery investor's sheets and guidelines rebuilt by a setup team before the first price.
With SecondarymktEvery rate sheet and guideline ingested in hours. The first lock request is priced the same day.
- 02
Incorrect pricing
BeforeA price nobody can explain line by line, checked against the sheet by hand.
With SecondarymktEvery price breaks down into its base price and each adjustment, traced to the rate sheet. Ask about the rest and get the answer with its sources.
- 03
Missed LLPAs
BeforeAn adjustment left off the price is margin given away, found after the lock.
With SecondarymktEvery LLPA is applied and shown on every price, for every investor at once.
- 04
No way to manage exceptions
BeforeExceptions negotiated in email and chat, with no record of who approved what.
With SecondarymktExceptions and over-limit locks route to the right approver with the terms, the reason and the audit trail.
Bring your rate sheets and guidelines.Ingested in hours.
Forward the sheets the way investors already send them, by email, portal or link, and share the guidelines. Connect Encompass read-only, load your execution policy and approvers, and keep your current engine running alongside while you check the prices.
- Rate sheets by email, portal or link
- Investor guidelines, read to the page
- Encompass, read-only by default
- Your execution policy and approvers
- 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.
- Secondary MKT AdvisorsAdvisory and loan sales: bids, commitments, investors.
- IntegrationsYour LOS, rate sheets and guidelines connected in hours.
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