WorldWide Debt Exchange (WDX)
is the only company providing a complete "end to end"
software solution for the sales and management of performing,
non-performing and "charged-off" receivables. WDX's
patent-pending process automates the entire sales process
allowing buyers and sellers to not only more actively and
effectively trade receivables, but to do so while streamlining
information and business process flow, better managing and
tracking transactions and gaining control over post sales
activities.
WDX technology provides an open and standardized architecture
to help formalize communications between buyers, sellers
and 3rd party service providers. Built by the same technical
team that built Fidelity Investment’s and Ameritrade’s
client-server stock market trading software, this is the
only venture that is based on client-server technology providing
a robust set of tools not currently available from a HTML
solution. Additional security measures have been incorporated
that go beyond the pitfalls of an Internet-only offering.
WDX services several different debt pool types of performing,
non-performing and charged-off receivables to include: credit
and private label cards, auto deficiencies, students loans,
judgments, mortgages, asset backed and installment loans,
etc.
Sellers can easily and securely upload sale portfolios
for review in a private or public sales mode. Sellers receive
secure messages regarding selling activities and have complete
control over the sales process.
Buyers have access to powerful due diligence tools that
allow them to quickly and easily review numerous portfolios,
place bids and download accounts on a state-by-state or
regional basis. Buyers have access to money management bidding
safeguards that eliminate the chance of over extending capital
reserves, thus allowing buyers to bid on multiple portfolios
improving their likelihood of a successful purchase.
