Setpoint, a capital markets technology companied, participated as the third-party review provider of a NYMT Loan Trust $209 million landmark rated residential transition loan (RTL) securitization (NYMT 2024-BPL2) in May 2024. This represents the first rated RTL securitization facilitated by Setpoint. The transaction was rated by Morningstar DBRS.
“We are excited to announce the successful closing of this rated RTL securitization,” Stuart Wall, CEO of Setpoint, said. “This milestone is a testament to our rigorous diligence and technological excellence, which ensure the accuracy and reliability of every securitization we undertake. Being named on a rated transaction requires passing stringent scrutiny, and this accomplishment highlights our capability to meet the highest industry standards.”
