Bringing Efficiency, Liquidity & a new VISION to syndicated loan processing.

About Us

The Business

Established in June 2000, Trade Settlement Inc.® is the premier industry leader in automated loan closings. TSI introduced the first integrated, post-trade loan settlement platform serving the $3.0 trillion Primary and Secondary syndicated loan markets. The Company supports all of the major Agent banks and well over 600 buy-side firms. TSI's cloud-based platform brings efficiency, speed, seamless data integration, and high-speed connectivity to the loan closing process. 

The Loan Market

The Loan Market is large and inefficient. The new issue global loan market approached $3.8 trillion and has grown at a rapid rate. The Loan Syndication Trading Association (LSTA) estimated the U.S. secondary par/near par loan trading market at approximately $413 billion in 2010.

One of the greatest impediments to liquidity and growth in the secondary loan trading market is the exceedingly cumbersome trade closing process. It is manual, decentralized, telephone and email dependent and accordingly slow, costly and unpredictable. Although the industry promotes a T + 7 standard settlement period, it frequently stretches to T + 18 or more. Longer term issues include weak data management and reporting tools, thin operating capacity and slow adoption of standardized reference data such as CUSIPs and entity identifiers.

The Trade Settlement Inc.® Solution

TSI's Primary and Secondary web-based platform provides an automated and secure interface for all parties to the loan settlement market. We replace the current slow and inefficient manual process for loan closings with a centralized easy-to-use platform. We offer the highest standard of security and are compliant with SSAE 16 standards, utilize leading edge technology, and have first rate customer service and rapid-fire execution. TSI's advanced state of the art platform has the flexibility to integrate to virtually every lending system, whether branded or proprietary.

The user interface allows users to easily self-manage the entire life cycle of an agreed upon trade to actual settlement. Users can track the process in detail with visible time stamps and intervene as appropriate. 

Management

Pat Loret de Mola Founder, President and CEO

A former banker with 20 years of loan market experience, Pat previously held posts in loan sales at Merrill Lynch, origination and portfolio management at Mitsubishi Trust & Banking and in acquisition finance at Manufacturers Hanover. Pat is a past Treasurer and Member of the Board of Directors of the LSTA. She is also a Springboard Enterprises alumna where she has been selected to present at several venture capital forums. Pat received her MBA and BA from Rollins College. 

Jon Hoberman Vice President & Product Manager

Jon, a former team leader for Distressed Loan closings at Deutsche Bank, has more than 15 years of experience in the loan market. He is currently responsible for all facets of Product Management at TSI, including design and marketing of the company's products, collecting business requirements and managing relationships with many of the firm's customers. Jon previously ran the company's deal closing team and oversaw both training and management of new customer accounts. He also held positions at Bankers Trust, The Chase Manhattan Bank, N.A. and Skadden, Arps, Slate, Meager and Flom. Jon earned his MBA from the Fordham University Graduate School of Business and his BA from the University of Michigan. 

Joylynn Jarvis Assistant Vice President, Senior Business Analyst & Closing Manager

Joy has over 11 years of experience in the Loan Syndications Market. Joy previously held the team leader position in the Loan Agency Division at Credit Suisse, a supervisory position in the Bank Loans Division at Lehman Brothers, Inc. and a team leader position in the Commercial Lending Services Division at Commerzbank, AG. She currently works in the capacity of Senior Business Analyst, designing and testing  new products and enhancements for the TSI Platform. In tandem, she oversees the closing process of all primary and secondary settlements. Joy recently received her Master's Certification in Business Analysis from Villanova University. She received her MSA from Central Michigan University Graduate School and her BA from Hunter College of the City University of New York.

Simone Bullard Training & Client Support Manager

Simone has more than 15 years of experience working within the financial industry.  She currently manages the Client Support desk and is in charge of training customers on the TSI platform. Simone received her BS in Computer Information Systems from DeVry Institute of Technology.

John Brumfield, QA Manager

John has more than 11 years of experience in testing financial software, eight of them in the loan market. He currently oversees all facets of Quality and Testing at TSI. A second, but equally important responsibility is interpreting customer needs and defining Use Cases with Senior Business Analysts. Lastly, John has extensive input into the development and implementation of Application Programming Interfaces (APIs) for TSI customers. Prior to joining TSI, John provided quality analysis for financial applications at Zurich Scudder and Deutsche Bank. John received his BS from the University of Houston.