Pub. 11 2014 Issue 4
O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S 10 Promontory Interfinancial Network, the company that brought you CDARS, ICS, and IND, is conducting a nationwidemarketing campaign to promote its new service, Bank Assetpoint. Bank Assetpoint was developed to help alleviate the fragmentation that currently exists in the bank asset marketplace. Bank Assetpoint is a unique, web-based platform on which banks and their brokers can post and view listings of a variety of loans, loan participations, loan pools, and commercial real estate. And they can connect with service providers that can assist them with the purchase or sale of assets. Since its beta launch at the beginning of the year, Bank Asset- point has proven its value by helping participants to: • diversify exposure into or out of alternative geographic locations or industries; • make more loans than they can generate organically; and • avoid turning away good borrowers due to deal size or characteristics that fall outside of their comfort zones. Bank Assetpoint has opened up avenues for banks to efficiently source new asset opportunities, reduce concentration risk, and increase earnings. Examples of loan assets that are currently posted on the platform include consumer loans, 1-4 family mortgage pools, and C&I and CRE loans. Take advantage of the benefits that Bank Assetpoint can provide to your bank by signing up now. To learn more, visit bankassetpoint.com or contact Steve Kinner, Senior Managing Director at Promontory, at (866) 776-6426, x3445. n Bank Assetpoint is provided by Assetpoint Services, LLC, a wholly owned subsidiary of Promontory Interfinancial Network, LLC. Use of the Bank Assetpoint service is subject to the terms and conditions of the Bank Assetpoint agreements, including the Bank Assetpoint Participant Agreement. Assetpoint Services, LLC does not, merely by permitting the listing of an asset or the identification of a third-party provider of services on the website, endorse the asset, the party posting information about it, or the third-party provider, as applicable. No transaction to sell or buy assets takes place on the Bank Assetpoint website. All such transactions take place offline, and Assetpoint Services LLC has no involvement in these transactions. Bank Assetpoint, CDARS, ICS, and IND are registered service marks of Promontory Interfinancial Network, LLC. Bank Assetpoint’s National Launch By Glenn Martin Promontory Interfinancial Network, LLC C M N D A C W A B F L W B L B P P D C C M N D A C W A B F L W B L B P P D C C M N D A C W A B F L W B L B P P D C C M N D A C W A B F L W B L B P P D C C M N D NMBA Associate Member
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