Assuming you've already signed up for an AGORA Data account and imported your first loans, you're probably looking forward to creating your first deal and making it available for sale. With AGORA Data, we make this process easy and intuitive while also providing the tools to dig a little deeper if so desired.
To begin, login to AGORA Data (app.agoradata.com) and navigate to 'Sell Loans' on the left-hand side. You'll be presented with a screen broken up into three main segments: general deal information and settings, loan list and filters, and summarized loan data.
Your first steps are to fill in the deal information inputs. The visibility setting will control how your deal appears within the AGORA marketplace. If set to public, upon submitting the deal, your deal will be visible in search to any eligible buyer. If you're opting for as much exposure as possible, bringing in competitive bidding from multiple buyers, this is your best bet. If, however, you'd like to simply use AGORA to facilitate a private sale, controlled by you, we provide a private listing option. All of the features of a public sale will still apply and are available, however, your deal will not appear in searches. Instead, you'll be provided a randomized link to the deal (from the actual deal page), which you can then share with any parties you so desire. Your deal will be visible only to people with whom you've shared that link.
The offering window lets you establish the window for which your deal is actually available to be found and bid on. Ideally, you would set the start date to the same date as listing the deal, and then determine how long you want your deal to stay on the market.
The description is your chance to provide any potential buyers with some extra color on your deal. You might indicate here how much of the deal you'd like to sell (all, at least $xxx, etc.), your ideal or minimum price, any background on your origination process or customers and collateral, or anything else you think would be relevant to a potential buyer.
The recourse (days) field lets you tell a buyer your desired amount of recourse. Note that a buyer can still submit a figure higher than this in a bid, however, this fields lets you indicate your desired length of recourse. You can enter anything greater than or equal to 0.
Finally, the closing date field is another non-binding, information field that allows you to express to a buyer your desired close on-or-before date. Again, this is non-binding, and AGORA Data does not control or facilitate the actual transaction.
The middle section is where you'll determine which loans you want to list for sale. At first, all of your eligible loans you've imported into AGORA will show here. A loan is ineligible if it is already listed in another active deal on the marketplace. If you wish to list all of your loans, you can skip this section and read ahead. However, if you only want to list a subset of your loans, keep reading to better understand how AGORA helps you do that.
You have two primary options here, which can both be used simultaneously: filters and manually selecting/deselecting loans. By clicking on the arrow icon next to 'Show Loans', a full list of your loans will be revealed.
You can check or uncheck loans here to remove them from the deal. The filters above will, however, remove all loans not matching the filters entirely from this list. We recommend first setting your filters to remove large groups of undesired loans, then manually selecting or deselecting loans from there if needed. For example, if you wanted to include only current, non-delinquent loans in your listing, you'd first set that filter. Then, if you knew of a few loans that were current but you do not wish to sell, you can find them in the loan list below and deselect.
Finally, the last section of this page displays real-time summarized information on the loans in your deal. This means that as you apply filters and manually select/deselect loans, this information will change to reflect only that of the currently selected loans. On top of what's immediately visible, you can click on the arrow icon next to 'Show Details' to see additional deal metrics.
All this helps give you a better understanding on the nature of your deal and how a prospective buyer might view the loans within it.