Ascendant Capital's end-to-end Scratch & Dent platform · Powered by Black Lake Digital Markets
The institutional marketplace for scratch & dent mortgage assets.
RESOLVE transforms the arduous & fragmented mortgage scratch & dent task and makes it easy. We connect originators, warehouse lenders, servicers, investors, and diligence providers through one agreement, one transfer and one competitive market.
The problem
Mortgage originators may have dozens or hundreds of scratch & dent assets, while potential buyers each have different eligibility requirements, defect tolerances, pricing methodologies and portfolio objectives. Finding the optimal execution historically means running multiple transactions simultaneously.
That creates operational friction precisely when the seller is trying to remove an aging asset from its balance sheet or warehouse facility.
Traditional broker-driven processes expose assets to only a fraction of the potential buyer universe.
Without competitive price discovery, sellers often cannot determine whether an asset achieved its true clearing price.
Every investor introduces another diligence process, purchase agreement, settlement workflow and transfer requirement.
Every additional day an scratch & dent asset remains unresolved creates warehouse carry, operational cost and capital usage.
The RESOLVE model
Every participant. One market.
Select a participant and RESOLVE assembles that side of the transaction, brick by brick.
Co-bidding and combined auctions
Traditional bulk transactions often force one investor to purchase assets outside its preferred strategy. RESOLVE allows multiple investors with different buy axes to participate in the same offering, and MATRIX™ optimizes bids across the complete offering.
Every investor can buy what it wants while the seller executes the whole pool.
All-or-none and beyond
RESOLVE supports sophisticated transaction constraints. MATRIX™ evaluates the resulting combinations and highlights the optimal execution for the seller.
Investor bids are valid only if the specified portfolio or allocation can be acquired in full.
Investors can specify the minimum exposure required for their bid to remain valid.
Bid individually on selected assets.
Bid on predefined asset groups.
Bid on subsets created around specific defect characteristics.
MATRIX evaluates competing and complementary bids to identify the optimal seller outcome.
Powered by MATRIX™
MATRIX is Black Lake's proprietary transaction technology underlying RESOLVE. It is the optimization and orchestration layer connecting asset attributes, defect data, investor buy axes, bid structures, portfolio constraints, pricing, allocation and settlement.
The end-to-end workflow
Secure ingestion of loan tapes and supporting documentation.
Defects categorized by type, severity and remediation potential.
Establish asset-level pricing intelligence and market expectations.
MATRIX organizes assets around investor demand and transaction objectives.
Qualified investors matching the offering are identified.
Competitive institutional auction with configurable bid structures.
MATRIX evaluates competing bid combinations to identify best execution.
Winning allocations are generated.
Documents, assignments and chain-of-custody workflows are coordinated.
Transaction completes through an integrated settlement process.
Third-party review
Third-party review is integrated directly into the workflow. Every finding becomes structured information that is reused downstream rather than re-keyed by each buyer.
Review categories
Findings feed
Why RESOLVE
Built for scale
RESOLVE supports both episodic disposition and ongoing flow programs, and is designed around inventory measured in thousands of loans rather than individual trades.
One-time sale of an scratch & dent portfolio.
Weekly or monthly disposition of new scratch & dent inventory.
Persistent investor demand matched against incoming asset supply.
Institutional controls
Designed to support controlled access, bid confidentiality and auditability across every participant in the transaction.
Our expertise · Ascendant Capital
Established in 2011, Ascendant Capital was founded with the vision of delivering innovative solutions and unique opportunities for loan sales and advisory partners. The firm provides whole loan valuations, best execution strategies, MSR sales and analytics, and advisory services to lenders, banks, asset managers, institutional funds and life insurance companies.
RESOLVE is the digital robot arm of Ascendant Capital: the trading desk's judgment, extended into an institutional market that prices, markets, bids, allocates, transfers and settles scratch & dent assets at scale.
Track record · Founder
Source: ascendant-capital.com/about-us
Oversees investment, trading, analytics, strategic direction and business planning. Formerly Senior Vice President of Whole Loan Sales & Trading at Steel Mountain Capital Management, Vice President at Interactive Mortgage Advisors and Managing Director at Strategic Acquisitions Group.
Manages deal flow and whole loan trading transactions, including funding schedules, collateral review and funding requirements, with a focus on efficiency from bidding through due diligence to final funding.
In the mortgage industry since 1994. Founded HP Financial Corp. in 1997 and expanded it to four states. Oversees loan administration, file setup and due diligence. University of Texas graduate.
Bring pricing, buyers, bidding, allocation, diligence, documentation, transfer and settlement into one institutional transaction platform.
info@blacklakeinvestments.comCopiedRESOLVE™ powered by MATRIX™ · Ascendant Capital · Black Lake Digital Markets
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