When bidding on loan listings, lenders should consider diversifying or spreading their risk among numerous borrowers. Smart Bids provides lenders with a simple and efficient way to bid on multiple loan listings at one time according to lender specified criteria (FACS Grade, school, year of study, etc.).

As noted in the FAQs, Smart Bids have the ability to automate the lending process by allowing lenders to make bids based on pre-set criteria. With Smart Bids, lenders can bid equal dollar amounts on multiple listings at one time at different rates.