As a buyer of bank assets, how do you currently search for the assets? Do you contact lots of different banks? Peruse listings from multiple online marketplaces? A combination of the above?
As a seller of bank assets, how do you currently market the assets? By reaching out to different buyers and contacts you already know? By posting listings on multiple online marketplaces? By advertising in the local paper? Do you try to do it all?
Buy & Sell Bank Assets
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Whether you are a buyer or seller of bank assets, there are smarter, faster, and easier ways to identify opportunities: Bank Assetpoint® and Residential Mortgage Network, each of which is supported by teams of professionals who possess in-depth knowledge of banks.
Bank Assetpoint is a single point to buy and sell a variety of bank assets. It enables banks (or their real estate brokers and loan sale advisors) and other eligible buyers and sellers to search or showcase a broad range of bank asset listings and provides tools, including secure virtual data rooms, to make asset purchases and sales more efficient. In addition, it is home to the Assetpoint CommunitySM, which facilitates connections with specialty service providers who can help complete deals.
How does Bank Assetpoint differ from other marketplaces? Bank Assetpoint is the only marketplace for bank assets with growing participation from more than 1,300 banks and more than 8,000 other buyer and sellers. Bank Assetpoint does not compete with banks, real estate brokers, or loan sale advisors (which fosters greater transparency, usage, and listings). Also, it is the only marketplace for bank assets that is endorsed by the American Bankers Association through its Corporation for American Banking subsidiary. And it’s brought to you by Promontory Interfinancial Network, a company that has built relationships with thousands of financial institutions over the past decade.
Whereas Bank Assetpoint features a wide variety of asset listings, Residential Mortgage Network focuses on the purchase and sale of pools of residential mortgage whole loans in the secondary market. It leverages a team of seasoned mortgage professionals that possesses an in-depth knowledge of banks and the residential mortgage market to help banks:
- Buy pools of residential mortgage whole loans that meet asset goals, including CRA requirements
- Sell pools of residential mortgage whole loans to reduce asset concentrations and increase lending capacity
- Access correspondent solutions from national mortgage firms that buy residential whole loans in the secondary market from banks that originate and fund the loans
Read testimonials and case studies about Bank Assetpoint to learn more about how participants are successfully using Bank Assetpoint. You can also take a tour, visit bankassetpoint.com.
For more information about Residential Mortgage Network, including a case study, visit resimortgagenetwork.com or call (800) 590-4632.
Bank Assetpoint is provided by Assetpoint Services, LLC, a wholly owned subsidiary of Promontory Interfinancial Network, LLC. Assetpoint Services, LLC does not, merely by permitting the listing of an asset or the identification of a third-party provider of services on the website, endorse the asset, the party posting information about it, or the third-party provider, as applicable.