Flatirons’ Risk Management System Now Integrated With Resitrader’s Whole Loan Platform

Posted by Patrick Barnard on October 24, 2016 No Comments
Categories : Residential Mortgage

Flatirons’ FCM Risk Management system will be fully integrated with Resitrader’s mortgage loan trading platform, enabling clients of both firms to sell their loans through Resitrader’s platform while, at the same time, hedging their positions instantly.

Flatirons Capital Management (FCM) is a Williamsburg, Va.-based secondary market service provider that helps residential mortgage lenders hedge their portfolios against interest-rate risk. The two companies announced the integration during the Mortgage Bankers Association’s 2016 Annual Conference & Expo being held in Boston.

The integration means clients of Flatirons can instantly offer their available loans for sale to investors bidding through Resitrader’s platform.

The FlatIrons Rapid Execution (FIRE) Trading System, now powered by Resitrader, will be available to all clients of Flatirons, as well as those not using the firm, for hedging and secondary marketing services.

“With bulk packages becoming a more vital method of selling loans, it was important for us to either develop our own system or partner with someone that had the technology already,” said Brent Buckmaster, executive vice president and partner at FCM. “Resitrader not only offers that ability, it has a best-in-class system that fits perfectly with the direction we are moving at FCM. The tools provided by FIRE combined with the integration of Resitrader into our risk management system put us at the head of the class.”

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