Resitrader names Doug Mayers as national sales executive
30-year industry veteran has broad experience in secondary loan trading and platform development
LOS ANGELES, CA (September 27, 2016) — Resitrader, Inc., a Calabasas, California-based provider of whole loan mortgage trade management software that operates its own secondary market trading platform, has named Doug Mayers as its new national sales executive.
Mayers has a broad range of experience in the secondary mortgage market, including positions in correspondent sales and sales management; whole loan and distressed asset pricing, trading and acquisitions; and loan acquisition platform development.
For the past eight years, Mayers was senior vice president of the client solution group at Mortgage Industry Advisory Corp. (MIAC), where he was a top producing sales, marketing and business development executive. At MIAC he was responsible for developing and executing engagements for valuation, advisory, transactional and software licensing with all types of mortgage market participants.
Prior to joining MIAC, Mayers worked for several secondary market investment and consulting firms. He has also worked for more than 20 years in a variety of sales, marketing and business development management positions at IndyMac Bank, Fannie Mae, Countrywide, Bayview Financial and Lomas & Nettleton.
“Doug’s long and successful career in sales, loan acquisition platform development and whole loan trading makes him a perfect fit for his new role at Resitrader,” said John Ardy, Resitrader’s CEO.
Resitrader’s secondary market platform automates many activities currently supported through spreadsheets and makes it simple for buyers and sellers to communicate in real time, notify each other of loan pools they wish to trade, exchange loan data, document and price information, and settle transactions easily. As a result, trading speed has been reduced from several hours to a few minutes. Users are also able to directly integrate their pricing tools, loan origination systems and service providers into the platform.
“Resitrader’s platform is revolutionizing the way the mortgage market trades loans, and I’m excited to have the opportunity to be a part of its growth,” said Mayers. A native of Rockville, Maryland, Mayers resides in Santa Monica, CA with his wife, Tiffany, and their daughter Olivia. He holds a B.A. in History from Kenyon College.
Resitrader, Inc. is a Calabasas, California-based provider of whole loan mortgage trade management software. Its whole loan platform enables loan originators, banks, servicers, brokers and financial advisors to exchange loan data, documents and pricing information in order to buy and sell whole loans. The system enables multiple buyers and sellers to offer, bid and transact simultaneously, and includes an easy-to-use trade settlement process. For more information, visit www.resitrader.com