Vice Capital Markets reaches milestone with 50th investor in mortgage trading platform
- Vice Capital Markets has launched its 50th investor for the ViceEx platform, enhancing mortgage trading capabilities.
- The platform offers services tailored to lenders, allowing for accurate evaluations and streamlined execution.
- The achievement demonstrates the growing intersection of technology and mortgage finance, benefiting independent lenders.
In Novi, Michigan, on December 10, 2024, Vice Capital Markets announced the significant achievement of securing its 50th investor for its Vice Execution Portal (ViceEx), a platform designed to facilitate whole loan trading. This platform caters to independent lenders, banks, and credit unions and offers enhanced market access and execution flexibility, demonstrating a commitment to innovation in mortgage finance. The ViceEx platform allows secondary market managers to streamline their operations through a data integration feature that enables users to access comprehensive reporting tools with ease. The adoption of technology in whole loan trading has evolved, allowing lenders to send and receive bids and compare agency executions tailored to specific lending needs. The ViceEx platform features a network of 50 bulk investors that includes notable entities like Fannie Mae and Freddie Mac, which enhances the competitive landscape of the mortgage industry. Troy Baars, the president of Vice Capital Markets, remarked on the importance of this milestone in illustrating the organization's dedication to simplifying the complexities of the mortgage market with precise, data-driven solutions. The ability of ViceEx to adapt to the unique requirements of each lender sets it apart from traditional trading platforms and highlights the industry's shift towards technology-driven solutions. As Vice Capital Markets continues to support lenders across the country for over 20 years, the growth of ViceEx signals a promising future for secondary market transactions, reinforcing the importance of ongoing innovation in this sector to improve efficiency and execution outcomes for clients.