The latest move coming from defi SOLUTIONS is the launch of what the company dubbed defi EXCHANGE, a secure, online portfolio marketplace where sellers of auto finance portfolios can access multiple buyers and manage the entire sales process.

The company highlighted defi EXCHANGE is designed to improve efficiencies and profitability by automating and enhancing processes, revolutionizing the way auto finance portfolios are bought and sold.

With defi EXCHANGE, defi SOLUTIONS chief executive officer Stephanie Alsbrooks explained that buyers no longer need to build their bulk deal evaluation outside their financing platform in spreadsheets and with manual processes that require extra data scrutiny and attention. Alsbrooks indicated sellers no longer need to provide sensitive consumer data to many potential buyers and then follow up manually.

Alsbrooks insisted defi EXCHANGE eliminates processing inefficiencies and allows for the complete evaluation and pricing provided by a loan origination system.

She added the development of defi EXCHANGE resulted from the purchase of SellYourBulk.com, one of the first firms to offer this kind of technology to the auto loan marketplace. SellYourBulk.com began operations in 2015.

“The key reason we acquired SellYourBulk.com is because defi SOLUTIONS and Sell Your Bulk share the same passion for helping auto lenders become more efficient while growing their business,” Alsbrooks said. “We’ve been in the lenders’ shoes and understand the challenges they face, so we’re committed to building and delivering tech-forward products that bring much-needed convenience, efficiency and control.”

In addition to buying the SellYourBulk.com technology, defi SOLUTIONS has retained creator Randy Spradlin to lead the ongoing development and growth of defi EXCHANGE.

“Before defi EXCHANGE, there wasn’t a place to go to efficiently purchase auto loan portfolios,” Spradlin said. “We’re providing access to quality loan portfolios to buy and sell. The key is making it accurate, secure and simple to use.”

And once a defi EXCHANGE seller securely submits a portfolio, the company pointed out, multiple buyers get alerted based on their buying criteria and can quickly make offers. Sellers can then compare offers, select the best, negotiate final terms, complete due diligence, close and get paid — all from a central streamlined system.

To learn more about defi EXCHANGE, reach out to Spradlin at rspradlin@defisolutions.com or visit defiSOLUTIONS.com/EXCHANGE.