In business since 1991, Carlton is one of the country’s foremost loan sale and REO experts, having sold billions in loan & REO assets. Carlton was originally called Carlton Property Auctions and is one of the country’s foremost REO and loan sale experts, having sold thousands of residential and commercial assets valued at well over $20 billion.
Carlton has developed the CEX Loan & REO MLS Exchange (www.carltonexchange.com), which is Carlton’s new proprietary conventional loan trading system, which has resulted in over one billion of loans and REO closed and or circled thus far in 2010 alone. CEX MLS is an auction hybrid loan sale process, where loan and REO assets are listed on Carlton’s password-protected loan trading website, on a First-Come, First-Serve – BID NOW basis.
This process favors both buyers and sellers for the following reasons:
Central marketplace where highly motivated financial institutions can reach buyers who are serious about buying distressed loan and REO assets.
- 24/7 Real Time Asset Bidding Platform which allows buyers and sellers to efficiently determine if pricing expectations are in sync before wasting time, energy and money on due diligence.
- Dynamic and Interchangeable Website where all due diligence information is contained in one central location.
- Proprietary Matching Technology where investors can indicate asset preferences and receive an appropriate list of assets.
- Dynamically Generated Search Criteria.
- Streamlined, Transparent, Easy to Use Due Diligence– Our proprietary loan and REO sale platform allows buyers to view hundreds of assets and due diligence files (such as tax, plot size, improvements, and all other typical information) with ease by using our intuitive search features, “matching and sorting technology” and customizable profile pages. In short, all appropriate information is loaded into one central location so bidders are afforded tremendous efficiency in diligencing assets.
CEX Mobile
Carlton has created CEX mobile, which provides real time information to bidders in an efficient and transparent manner to evaluate due diligence information on assets that are being offered. All pertinent file review information related to the loan or REO portfolio is available for download and view on your smart phone through CEX (such as electronic loan documents, collateral documents and servicing files and information).
- Conveniently register from your phone through an abbreviated registration form.
- View and search through an active, real time database of all available assets.
- A cutting edge mobile dashboard allows investors to update their profile page using our proprietary “matching technology” as new assets become available for bid.
- Submit and update bids on individual or pools of assets.
