Business Partners LLC (BPLLC) announced the launch of its newest service, BP Connect. The service is an online marketplace that connects financial institutions looking to purchase loans with those that are selling loans.
This service leverages BPLLC’s loan participation platform to create an online marketplace where buyers and sellers can interact directly.
Sellers can post the loans they have available for viewing by interested buyers. Potential buyers can view available loan bundles and receive a daily alert with newly posted loans.
BPLLC’s existing standards and platform allows participating institutions to complete their due diligence process quickly and easily. For financial institutions seeking to remix their balance sheets, BP Connect provides an efficient, simple way to purchase or sell residential real estate, auto loans, credit cards, and other loans.
“We’ve removed the middleman and created an environment where buyers and sellers can easily find each other and conduct business using our advanced loan participation platform and tools,” says Jean Faenza, president/CEO of BPLLC.
Visit the BPLLC website to request a demonstration.