Ascendant Capital and Black Lake today launched RESOLVE™, the first complete end-to-end platform purpose-built for pricing, trading, and transferring scratch and dent mortgage assets. It operates through a seamless, transparent auction process powered by Black Lake’s proprietary auction technology, MATRIX™. RESOLVE™ brings institutional-grade efficiency to a market segment that has long relied on fragmented, manual workflows, and advances how lenders, investors, and servicers manage non-performing and defective loan portfolios.
Scratch and dent assets are loans with manufacturing defects, documentation gaps, or compliance issues. They represent a significant and growing segment of the mortgage market. Despite their scale, the trading of these assets has remained largely opaque and inefficient, creating value destruction for both buyers and sellers. RESOLVE™ was designed to solve this problem by bringing institutional-grade infrastructure to the mortgage market.
Powered by Black Lake’s proprietary auction technology, and managed and operated by Ascendant Capital, RESOLVE™ delivers a unified experience from initial loan-level pricing through final settlement and transfer. The platform replaces the patchwork of spreadsheets, emails, and disconnected systems that have historically defined scratch and dent trading with a single, integrated solution. This accelerates execution, reduces operational risk, and maximizes recovery for sellers while providing buyers with access and transparency.
How RESOLVE™ Works
RESOLVE™ streamlines the entire scratch and dent asset lifecycle into a single, cohesive platform. Sellers can upload loan pools, set auction parameters, and receive real-time, loan-level pricing powered by Black Lake’s advanced analytics engine. Qualified buyers gain access to comprehensive due diligence packages, bid competitively through structured auction formats, and execute trades with full transparency. Post-trade, the platform manages the complete transfer, settlement, and document delivery process. This ensures a clean handoff from seller to buyer, with full audit trails and compliance documentation.
“As the platform’s operator, Ascendant Capital is committed to delivering an institutional-quality experience that meets the needs of both sellers seeking maximum recovery and buyers seeking efficient access to a diversified pipeline of assets,” said Craig Haack, Managing Member at Ascendant Capital. “Together with Black Lake’s technology, we’re setting a new standard for how these assets are priced, traded, and transferred.”
“Black Lake has built an end-to-end mortgage ecosystem that spans the full lifecycle of a loan—from underwriting and pricing to trading, transfer, settlement, tokenization, and third-party staging,” said Alan Qureshi, CEO and co-founder of Black Lake Services. “By unifying every stage of the asset lifecycle with RESOLVE™, we’re eliminating the inefficiencies and information asymmetries that have plagued this market for decades. RESOLVE™ represents a major milestone in that mission to make mortgage markets faster, fairer, and more transparent.”
Key Platform Capabilities
- End-to-End Workflow: A single platform covering pricing, auction, trade execution, settlement, and asset transfer—replacing fragmented, manual processes with seamless automation.
- Loan-Level Pricing & Analytics: Black Lake’s proprietary pricing engine delivers granular, data-driven valuations at the individual loan level, enabling more informed bidding and better price discovery.
- Structured Auction Formats: Configurable auction parameters give sellers control over timing, reserve pricing, and buyer qualification, while providing buyers with a fair, competitive bidding environment.
- Transparent Due Diligence: Comprehensive loan-level data, documentation, and analytics packages are delivered directly through the platform, reducing friction and accelerating buyer decision-making.
- Automated Settlement & Transfer: Post-trade workflows, including document delivery, compliance verification, and asset transfer, are fully integrated, ensuring clean, auditable transactions.
Availability
RESOLVE™ is available immediately to qualified institutional participants. Lenders, investors, and servicers interested in learning more about the platform or participating in upcoming auctions are encouraged to contact Ascendant Capital or Black Lake directly.
About Ascendant Capital
Ascendant Capital is a leading mortgage asset management and advisory firm specializing in the acquisition, disposition, and servicing of residential mortgage assets. With deep expertise in scratch and dent, non-performing, and re-performing loan portfolios, Ascendant Capital brings twenty-four years of operational excellence and institutional rigor to every transaction it manages. For more information, visit ascendant-capital.com.
About Black Lake Services
Black Lake Services (“Black Lake”) operates a comprehensive end-to-end mortgage technology ecosystem spanning underwriting, pricing, trading, transfer, settlement, tokenization, and third-party staging. By unifying every stage of the mortgage lifecycle on a single platform, Black Lake delivers institutional-grade infrastructure that makes mortgage markets faster, more transparent, and more efficient for all participants.
Black Lake is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. Black Lake Investment Solutions LLC wholly owns Black Lake Services LLC and Black Lake Investments LLC. Black Lake Services LLC offers proprietary technology services for the pricing, trading, and transfer of mortgage assets.
Black Lake does not provide tax, legal, or accounting advice. Black Lake is not a licensed insurance company and does not underwrite or sell insurance products.
For more information, visit blacklakeinvestmentsolutions.com
Forward-Looking Statements
The statements contained herein may contain certain forward-looking statements. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements may include, without limitation, statements relating to the company’s business prospects, future developments, trends and conditions in the industry and geographical markets in which the company operates, its respective strategies, plans, objectives and goals, ability to control costs, operations, margins, and overall market trends.
When used herein, the words “anticipate,” “believe,” “could,” “feel,” “estimate,” “expect,” “going forward,” “intend,” “may,” “ought to,” “plan,” “project,” “seek,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect Black Lake and Ascendant’s current views with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements as a result of a number of factors, including any changes in the laws, rules, and regulations relating to any aspects of the company’s business operations, general economic, market, and business conditions, including capital market developments and changes or volatility in interest rates, and developments of the company’s competitors.
Subject to the requirements of applicable law, neither Black Lake nor Ascendant intends to update or otherwise revise such forward-looking statements, whether as a result of new information, future events, or otherwise. As a result of these and other risks, uncertainties, and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Black Lake or Ascendant expects, or at all.
Accordingly, you should not place reliance on any forward-looking information or statements. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this disclaimer.
