Unity Xchange leverages technology to enable sellers to post their loan participation opportunities to multiple prospects with one time document uploads.  Buyers are able to efficiently click through the postings to find the right loan to buy.  The Xchange has partnered with Debt Exchange, Inc. (DebtX), one of the world’s leading facilitators of loan sales, to bring the DebtX state of the art technology to the credit union industry.  The Xchange is managed by the CUSO, Unity Xchange, LLC.  Only member business loans will be accepted in the initial phase.  Other types of loans will be considered later.

Why is this a better process?

>       Substantial leap in transaction efficiencies.

• For buyers: all the loan information, loan documents and seller due diligence documents are on line in a searchable and secure format.
• For sellers: no need to solicit buyers and send documents to multiple prospects.
• NDA’s are pre-executed by all Xchange participants so there is no delay in reviewing loan documents.
• Uniformity in loan participation agreements will be encouraged.

>       Expansion of the pool of potential buyers to include both credit unions and banks through the DebtX system.

• Only credit union loans will be posted but the larger potential buyer pool increases the sources of liquidity to serve members.

>       Quality control on the lenders selling loan participation interests.

• Only lenders certified by the Xchange with a demonstrated track record of good lending practices can post loans.  Non-certified lenders can post loans if a certified lender confirms the quality of the underwriting.

Buyers have a Free 60 Day Trial to experience the Xchange!

www.unityxchange.com   

For More Information Contact

Tom Campbell 215-552-8123 Ext. 104 t.campbell@unityxchange.com

Mario Pelosi 215-552-8123 Ext. 103 m.pelosi@unityxchange.com