Koa careers

ResiDDS is a FinTech company building a proprietary portfolio management system licensed by hedge funds that purchase residential mortgage loans in the secondary market.

Since the bailout in 2008, the large banking institutions and the GSE’s were left with trillions of dollars’ worth of toxic loans on their balance sheets which they no longer wish to hold due to reputation risk and other various factors. As a result, these loans are pooled together and offered to the secondary market.

There currently is not a viable technical solution in the secondary market allowing the buyers to manage these pools of loans. Enter, ResiDDS!

With only approximately $100k in friends and family investments along with a two revenue producing clients, ResiDDS has been beta testing their system with an expected "go live" date of June 2016.

In addition, ResiDDS was 1 of 12 companies out of 1,000 just recently accepted into one of NYC's top Accelerator program which begins on June 6, 2016.