LendTrade is an intermediary specializing in whole loan trading and participations. We focus on home equity (loans & lines), residential mortgages & consumer loans. The company is based in Des Moines Iowa and was founded in April of 2000.
We work exclusively with experienced loan buyers and sellers that want access to new partners and opportunities, but don’t need help closing deals. The LendTrade network includes a diverse group of banks, credit unions, insurance companies, mortgage banks, consumer lenders, fintechs and asset managers.
We introduce you to experienced counterparties with opportunities that have been vetted to match your criteria, then we get out of the way. Counterparties choose to work with us because our approach gives them more control, more transparency, and lower fees than working with traditional brokers.
Steve holds a BBA in finance from the University of Iowa, an MBA from Drake University and holds the Chartered Financial Analyst (CFA) designation. He has more than 25 years of expertise in secondary markets, including whole loan trading and securitizations of commercial mortgages, residential mortgages, and consumer loans.
Prior to founding LendTrade in April of 2000, Steve was vice president of structured finance for the investment division of a public traded life insurance company where he was responsible for portfolio management, whole loan acquisitions and securitizations. He has spoken at industry conferences regarding asset backed securitizations and loan trading.