Tag Archives: mortgage hedge advisory

Seasonal Lows Contribute to 13.71% Drop In Mortgage Volume

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, revealed today a 13.71% decline in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report at: https://mct-trading.com/press-release/seasonal-lows-contribute-to-13-71-drop-in-mortgage-volume/.

Despite a recent drop in mortgage rates, refinances have witnessed only a modest uptick, falling short of making a significant impact on overall mortgage volume. Seasonal trends, coupled with challenges in the purchase market, have eclipsed the potential benefits of a full percentage point decrease in rates.

Phil Rasori, Chief Operating Officer at MCT, commented on the current landscape, stating, "Softening purchase prices, paired with a further drop in rates, could boost purchases and refinances. However, we anticipate that seasonal lows in the purchase market will persist through Q1."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, revealed today a 13.71% decline in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.

Related link: https://mct-trading.com/

Mortgage Lock Volume Dips Slightly in Response to Rising Rates in September MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT(R)), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month.

Download the complete report: https://mct-trading.com/press-release/mortgage-lock-volume-dips-rising-rates-mct-indices/

The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

"The summer buying season may have provided a nice backstop to prevent lock volume from dropping further this month," said Andrew Rhodes, Senior Director, Head of Trading at MCT. "If we continue into this restrictive territory through the winter buying season, we could see additional contraction through the rest of 2023."

The Fed's July decision to raise the Federal Funds Rate has contributed to a one-year high for mortgage rates. Friday's Nonfarm payroll report also came in slightly higher than expected, while other indicators, like the unemployment rate, unexpectedly ticked up from 3.5% to 3.8%. This mixed bag of indicators may give the Fed enough ammo for additional rate hikes in 2023.

As we move into the mortgage industry's natural winter slowdown, eyes will be on the Fed for communication that we've reached the terminal Federal Funds Rate.

"Any indication from the Fed that we've reached the terminal rate will trigger a reprieve in rates," said Mr. Rhodes. "In turn, market participants will begin to step back in and provide stability."

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship.

MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

SAN DIEGO, Calif., Sept. 5, 2023 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a slight 4.76% decline in mortgage lock volume over the prior month. The slight dip in mortgage lock volume is likely attributed to an increase in mortgage rates through the last month.

Related link: https://mct-trading.com/

July’s Mortgage Lock Volume Flat Amongst Rising Rates in Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a relatively flat .44% increase in mortgage lock volume over the prior month. Visit MCT's site to download the full report.

The relatively flat change in volume is likely attributed to seasonal momentum through Summer. "While July's mortgage lock volume remained relatively flat, mortgage rates continued to climb through July," said MCT's COO, Phil Rasori. "If rates continue to hold or climb from these new levels established in the first week of August, we can expect volume to drop."

The Fed's July decision to raise the Federal Funds Rate has contributed to an eight-month high for mortgage rates. This, coupled with the highest 10-year treasury yield in years and Fitch's recent decision to downgrade the U.S. credit rating, could spell rough seas ahead for the mortgage industry.

This month's MCT Indices also shows a roughly 13% drop in total lock volume from this time last year. However, this morning's August Nonfarm payroll report could be offering signs of hope. "If this morning's indications of a slightly cooling labor market were to persist into the future, this would provide more cover for the Fed to continue to pause and eventually cut rates," said Mr. Rasori.

MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

Download the full report at: https://mct-trading.com/press-release/july-mortgage-lock-volume-flat-rising-rates-indices-report/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship.

MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged - offering clients the tools to thrive under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MULTIMEDIA:

IMAGE link for media: https://www.Send2Press.com/300dpi/23-0804-s2p-mctaug-300dpi.jpg

Caption: The relatively flat change in volume is likely attributed to seasonal momentum through summer.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a relatively flat .44% increase in mortgage lock volume over the prior month. Visit MCT's site to download the full report.

Related link: https://mct-trading.com/

Monthly Lock Volume Increases 31% in Latest MCT Indices Report

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a 31% increase in lock volume in June. Visit MCT's website to download the full report.

The increase in June's lock volume activity, which is based on actual locked loans, comes after a 15% drop in May's total lock production.

"We saw originations towards the end of May slow down, so this is likely a summertime pickup in originations," said Andrew Rhodes, Senior Director and Head of Trading at MCT. "Rates, housing supply, and affordability will continue to be the forces behind the lack of new originations."

While the meeting minutes from June's decision to pause hikes show some disagreement, additional rate hikes are expected and may continue to keep origination volume at a new normal.

"The current commentary coming from the Fed puts the market on its heels as there is a potential for another two rate hikes this year," said Rhodes. "With this new narrative, rates will continue to push higher especially if we see another strong labor market read coming out on Friday."

This month's MCT Indices also shows a nearly 8% drop in total lock volume from this time last year. After hitting lows at the beginning of the year for purchase, rate/term refinance, and cash out refinance, each production type continues to creep slowly upward.

As we look into the future, economic reports will continue to have a big impact on the Fed's decision making and market movements.

"If labor markets cool off, that could give the Fed a reason not to raise rates in July," Rhodes continued. "This would provide a nice bounce in the markets, but I'm not holding my breath."

MCT's Rate Lock Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from our national footprint.

Download report at: https://mct-trading.com/press-release/july-mct-lock-volume-indices-report/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a 31% increase in lock volume in June. Visit MCT's website to download the full report. The increase in June's lock volume activity, which is based on actual locked loans, comes after a 15% drop in May's total lock production.

Related link: https://mct-trading.com/

MCT First to Integrate with Freddie Mac’s Income Limits API

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers. This is the latest in a series of successful API integrations between MCT and Freddie Mac, and helps promote both pricing transparency and housing affordability.

The API, a critical technological advancement for AMI-based pricing, allows the connecting party (either a lender or Secondary Markets Advisor (SMA)) to send income information and the property address through the API to return an answer on whether the borrower qualifies for the Credit Fees waiver. The API provides a more accurate confirmation than can be derived with a ZIP code estimation. The Credit Fees waiver is based on borrower income being less than 100% of AMI, and the API can also confirm whether the subject property is in a high-cost county, which allows for 120% of AMI. Other Duty to Serve elements are supported in this API, including rural and high needs rural areas.

"Freddie Mac continues to be incredibly responsive from a service standpoint for lenders and vendors, as well as from a capital markets technology standpoint," said MCT COO, Phil Rasori. "Freddie Mac values relationships and rapid innovation, both of which have become more critical with affordability issues, due to high interest rates and home prices plaguing the mortgage industry despite the robust credit profiles of potential borrowers."

As a refresher, a borrower's annual qualifying income must be less than or equal to 80% of the AMI for the location of the mortgaged premises for the loan to be eligible under Freddie Mac Home Possible®, Freddie Mac's flagship mortgage product. For Freddie Mac Refi PossibleSM mortgages, the borrower's annual qualifying income must be less than or equal to 100% of the AMI for the location of the mortgaged premises for the loan to be eligible. The Federal Housing Finance Agency (FHFA) directive included a key piece on Credit Fees waivers for first-time home buyers in cases where borrower income was less than or equal to 100% of AMI in the subject property census tract or 120% of AMI for high-cost areas.

Previously, price differences and best execution were difficult and tedious to calculate for lenders, as the MSA census tract (which goes within the ZIP code) for the given property address had to be geocoded into the loan file. The AMI API returns eligibility automatically from Freddie Mac's database after the subject property address and borrower income are entered, enabling lenders to accurately price Credit Fees waivers. This API is the latest in a series of enhancements to pricing, benefitting and incentivizing borrowers at a time when affordability in the housing market has waned.

MCT thanks Freddie Mac for bringing the Income Limits API to market in its Developer Portal, enabling MCT to be the first secondary market platform to put this API into production. As the most active user of the API, MCT is happy to offer this technology to clients, allowing for more accurate and transparent pricing which ultimately passes through to the borrower.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Media Contact:

mct@fullyvested.com

RELATED LINKS:

https://guide.freddiemac.com/app/guide/exhibit/19

https://mct-trading.com/software/freddie-mac-integrations-for-mutual-clients/

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac's Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or "Credit Fees") waivers.

Related link: https://mct-trading.com/

MCT Dives into Q2 with Two New Industry Leaders to Support Growth

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced Mike Robertson and Justin Putz have joined the company in the roles of Senior Regional Sales Director and Midwest Regional Sales Director respectively. With over 45 years of experience combined, these two mortgage industry veterans bring a fresh perspective to the company's quickly expanding sales team.

"Mike and Justin are highly regarded mortgage industry professionals," said Tom Farmer, Managing Director of National Sales. "We are excited about their addition to our team and anticipate a tremendous expansion of lender and aggregator client partnerships."

Mike Robertson has worked in the mortgage industry for almost 30 years. For most of that time, he spent it in Correspondent Lending Sales with 23 years of that working for CitiMortgage. Mr. Robertson has had the pleasure of previously working with MCT as a partner and has firsthand experience with MCT's exemplar dedication to customer experience. He is excited to provide the same best-in-class service level and guidance that he himself received in his work with MCT clients. He currently resides in Buffalo, N.Y.

Joining Mr. Robertson on the sales team is Justin Putz who has worked in the mortgage industry for 18 years. He has done everything from operations to retail lending, to correspondent and wholesale, and, most recently, mortgage insurance. As a well-rounded expert, Mr. Putz will be able to educate other lenders on how to become more profitable in their hedging strategies with the best technology that the industry can offer. Mr. Putz currently resides in Minneapolis, Minnesota.

"During my time in the Correspondent Lending and Mortgage industry, I was able to partner with MCT and watch how they worked with their clients, delivering best in class service levels and guidance," Mr. Robertson said, "I feel very fortunate to join the MCT team and hope to continue that culture of client dedication."

Mr. Putz adds, "I love that I was given an opportunity to work with MCT. This allows me learn and to educate our lenders on how to be more profitable with their hedge approach and servicing with the best technology and support in the business."

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Herldsburg, and Texas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced Mike Robertson and Justin Putz have joined the company in the roles of Senior Regional Sales Director and Midwest Regional Sales Director respectively.

Related link: https://mct-trading.com/

Vice Capital Markets’ Shawn Ansley Honored As 2020 HousingWire Insider

NOVI, Mich. /ScoopCloud/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today that its Managing Director Shawn Ansley has been named a 2020 HousingWire Insiders Award winner. In its fifth year, the HousingWire Insiders program recognizes individuals for vital and dynamic contributions to their companies.

According to HousingWire, this year's 50 winners are the "go-to" team members in their companies and represent a wide range of occupations within the housing industry, from lending and real estate to investments and fintech. The Insiders are the professionals their companies turn to with their most important or challenging projects, and their contributions and hard work lead to superior results.

"This year's Insiders represent the unsung heroes of their companies; the team that, behind the scenes, kept everything on track during unprecedented times," HousingWire Magazine Editor Kelsey Ramírez said. "This year, the need for the services of these 50 winners shown greater than ever, and they rose to the challenge."

Ansley was recognized for his efforts to improve Vice Capital's connectivity with key investors and major LOS platforms, in addition to the development of proprietary automation models - all of which has fueled Vice Capital's recent success. Over the last year, he has automated many of Vice Capital's day-to-day processes to improve operational efficiency and eliminate opportunities for human error. With the automated systems, enhanced connectivity and improved data access Ansley has established at Vice Capital, the firm was able to steer its clients through the market volatility triggered by COVID-19, collectively netting clients more than $8 million in a single day at the height of the chaos and enabling them to grow their pipelines amidst the uncertainty.

"Having joined our organization shortly after completing his Master's degree in mathematics, Shawn has been a valuable leader within Vice Capital for more than 15 years and is someone who sets examples for others to follow by always making himself available to his co-workers as a source of guidance and assistance," said Vice Capital Markets President Troy Baars. "Shawn's self-starter mentality has led him to tackle new endeavors with little supervision to improve processes for the entire firm. We are privileged to call him part of the Vice Capital family and proud to share his skills and successes with our clients and the industry as a whole."

For the full list of 2020 HousingWire Insiders, visit https://www.housingwire.com/articles/here-are-the-2020-hw-insiders/.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com/ or https://www.solutions.housingwire.com to learn more.

About Vice Capital Markets

Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized profitability on more than half a trillion of MBS trades and mortgage-related transactions for banks, credit unions and mortgage lenders of all sizes. With an average of more than 10 years' experience behind each of the traders on our team, Vice Capital has helped its clients realize, on average, a 25 to 55 bps improvement over their best effort execution, and Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients.

Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today that its Managing Director Shawn Ansley has been named a 2020 HousingWire Insiders Award winner.

Related link: https://www.vicecapitalmarkets.com/

MCT Fortifies Its Team of Mortgage Industry Leaders Before 2020 Market Volatility

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it appointed two mortgage industry veterans in early 2020 which strengthen its support to the capital markets community during the worldwide pandemic and associated financial turbulence. In each of their roles, Page Woodall, Senior Regional Sales Director, and Dave Bricker, Chief Financial Officer, offer their own mortgage expertise to meet the growing demand for expert leadership during these volatile times.

Through perseverance and the support of the staff at MCT, each of these new hires succeeded in their roles and beyond, despite considerable uncertainty in the capital markets industry and global economy during their first months.

Page Woodall is MCT's Senior Sales Director who has almost twenty years of industry experience. During his time at Nationstar Mortgage (now known as Mr. Cooper), Mr. Woodall had the unique opportunity to start a new Correspondent channel and successfully grow his territory into one of the largest producing territories. He brings a tenacity to MCT to proactively serve his clients and keep them informed through periods of market volatility.

"I was a fan of MCT prior to coming on board, as I had seen all the good work they had done with several of my clients over the years. I am a bigger fan now seeing the total commitment to the client, open communication, and help provided to navigate accounts out of harm's way. I also was moved by Curtis's concern during this crisis for all the employees and the safety of them and their families," said Mr. Woodall.

He is joined by Dave Bricker, who comes on board as MCT's Chief Financial Officer. He has a successful history of varied senior financial roles including CFO, Chief Accounting Officer, SVP of Finance and Chief Auditor. He had previously consulted with MCT prior to coming onboard and was well versed with MCT's customized processes. Mr. Bricker is focused on leveraging his outside expertise to build on the current financial foundation at MCT. In doing so, he hopes to provide senior leaders with better financial information for well-informed decisions. Despite the uncertainty and financial challenges associated with the pandemic, Mr. Bricker was able to have an immediate positive and stabilizing impact on MCT.

"The support that I've received so far has been great from all areas of the company. I've been extremely impressed by the company's ability to pivot to a Work-from-Home workforce so quickly and without negative impact to our clients," Mr. Bricker remarks, "It's as if the company has always operated in this manner."

MCT is grateful that these newest players were able to hit the ground running to keep up with the huge demand by the capital markets industry for market volatility guidance. With their combined experiences and knowledge, they will continue to provide support to MCT and clients, mitigating risk and increasing outcomes during this challenging time.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0805s2p-bricker-and-woodall-300dpi.jpg
*Photo caption: MCT's David Bricker, Chief Financial Officer (left) and Page Woodall, Senior Sales Director (right).

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it appointed two mortgage industry veterans in early 2020 which strengthen its support to the capital markets community during the worldwide pandemic and associated financial turbulence.

Related link: https://mct-trading.com/

MCT Reorganizes Sales Processes, Expands National Sales Team, and Forms Customer Success Group

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, today announced it has restructured the company's internal sales processes, bolstered the sales team, and launched a Customer Success Group (CSG). Implementation of the changes pave the way for significant growth as the company continues innovating, launching new products and services, and on-boarding clients.

MCT's national sales team will continue to cover the entire country via structured territories but will now arm salespeople with the ability to introduce additional solutions, services and software to lenders. Tom Farmer, Managing Director at MCT, who is an accomplished business development and marketing executive, has assumed the role of Managing Director of National Sales, taking over for industry veteran Bill Wooten after recently retiring as Managing Director emeritus. Tom's solution-oriented approach to sales management and business strategy have already yielded tangible results since assuming the role full-time.

"I am proud to take over the reins of this accomplished sales operation," said Mr. Farmer. "I look forward to upholding and expanding upon the impressive record of customer service and growth the MCT sales team has seen under Bill Wooten's leadership."

In addition to new leadership, MCT has organized national sales coverage into six regional territories. Anthony Ianni and Rhiannon Bolen have assumed the roles of Northwest and South Regional Sales Director, respectively. They join MCT veterans Rhonda Beck, Southeast Sr. Regional Sales Director; Danyel Shipley, West Regional Sales Director; Joel Dulmage, Midwest Regional Sales Director; and Cara Krause, Northeast Regional Sales Director.

Details on MCT sales territories and contacts can be found on the MCT website contact page: https://mct-trading.com/contact/.

Integral to the update of company-wide sales processes is the addition of a new Customer Success Group that is 100 percent focused on ensuring new customers are as successful as possible during the on-boarding stage and post ramp up with respective MCT support teams. This newly formed group will be run by Director of MCTlive! Deployment Paul Yarbrough, who will focus on establishing consistent customer touch points, open communications, provide efficiency tools, and intimate support levels in order to deliver the best possible customer experience. Maximizing the success and performance optimization of MCT clients in every way possible is the founding mission and chief priority for the CSG to move MCT forward.

"It is hands down the most exciting, successful time that MCT has ever experienced since being founded back in 2001," said Curtis Richins, President of MCT. "As a company, we've gone through so many monumental positive changes over the years, grown tremendously, hit major milestones, and had an immeasurable impact in moving the mortgage industry forward with secondary marketing advancements. The updates we are making to our sales organizations are all extremely favorable and designed to enable us to grow at a healthy, controlled rate while continuing to deliver the best-in-class service that is core to MCT's DNA. MCT has entered a new chapter and the future is incredibly bright."

About MCT:
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive!

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Twitter: #MortgageCapitalTrading #MCT #MortgageHedgeAdvisory #SecondaryMarketingSoftware #CustomerSuccessGroup

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, today announced it has restructured the company's internal sales processes, bolstered the sales team, and launched a Customer Success Group (CSG). Implementation of the changes pave the way for significant growth as the company continues innovating, launching new products and services, and on-boarding clients.

Related link: https://mct-trading.com/

Mortgage Capital Trading Adds Multi-Factor Authentication to its MCTlive! Secondary Marketing Software

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user's identity for logins and transactions.

"We live in an era where security sensitivities and breaches are increasingly common occurrences within organizations and their technology stacks," says Phil Rasori, COO at MCT. "In order to most effectively protect our clients, their data and transactions, we felt that it was a prudent time to implement MFA into our MCTlive! secondary marketing software as a logical safeguard in order to maintain high levels of security."

MCT's new MFA technology uses Google Authenticator for MCTlive! security where the user must not only log into the platform with their credentials, but also receive a unique code from their mobile device that expires after 30 seconds. In addition, MCTlive! password requisites have been strengthened.

MFA can be configured for particular MCTlive! users to be multi-factor, or for others to have simpler, quicker password access. MCT puts the ease of internal controls in the hands of the lender when it comes to user log on and security, which is very granular. In addition, detailed reporting can be easily produced at any time which timestamps each user's log in attempts and security methods used.

"The security of our borrowers' information is paramount for First Bank, particularly with data breaches seeming to become more and more common," stated Andrew Stringer, Director of Secondary/Capital Markets at First Bank, an MCT client. "Multi-factor authentication in MCTlive! adds an additional layer of protection that not only gives me peace of mind knowing our data is protected, but also demonstrates proactive ways our secondary department is mitigating risk for the bank."

Multi-factor authentication is the latest addition in MCT's ongoing effort to lead the secondary mortgage market toward stronger data security. In July of 2017, MCT launched its Bid Auction Manager (BAM) technology to migrate sensitive borrower data contained in bid tapes off of email to a secure platform. By October 2017, BAM had achieved 100 percent adoption among the investor community and was awarded PROGRESS in Lending Association's 2018 Innovation Award in April.

Lenders interested in improving data security with MCTlive! and BAM should schedule a consultation via screenshare or in-person at the MBA's Annual Convention & Expo in Washington, DC.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user's identity for logins and transactions.

Related link: https://mct-trading.com/

MCT’s Bid Auction Manager (BAM) Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT's Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

A first of its kind technology, the solution adds significant value to lenders and investors and establishes newfound efficiencies for bid tape AOT executions. Company officials at MCT say that the bid-tape AOT execution is poised to gain rapid adoption and will likely account for a substantial portion of lenders' agency commitments to correspondent investors. MCT collaborated with Wells Fargo to streamline the process of executing the Tri-Party Agreement, which leverages secure eSignature technology that is legally binding and enforceable.

After beta testing bid tape AOT with select sellers starting in early 2018, MCT rolled out support across their award-winning software, MCTlive!, in May. Bid tape AOT allows lenders to achieve bid tape pricing with the cash benefits of assigning the trade and has been welcomed with excitement from MCT lender clients. One of the final hurdles in the AOT process was the requirement of lender, investor, and broker dealer to each sign and return an agreement pertaining to every assignment. This process has now been completely digitized and streamlined.

"Historically, the manual execution of the Tri-Party Agreement has made the process of AOT extremely inefficient, as the form generally had to be printed out, wet-signed, scanned, stored, and in some cases was required to be sent via fax machine," stated Phil Rasori, COO at MCT. "BAM fully automates the old Tri-Party Agreement process by easily and quickly allowing parties to generate, eSign, and securely deliver them to investors, all with the simple click of a button. Automation and digitization of this process using BAM is going to become a game-changer for the entire secondary market."

Although the availability of bid tape AOT executions is currently limited, MCT expects the popularity of this delivery option to steadily increase. As more investors roll out bid tape AOT programs, the automated tri-party functionality will be integrated accordingly.

This automation is the latest development in a steady series of BAM features which help lenders improve their loan sale process and margins through best execution. BAM was officially unveiled in early 2017, achieved 100 percent adoption within the investor community a few months later, and earlier this year received PROGRESS in Lending Association's 'Innovation Award' for mortgage technology. Lenders using BAM consistently report time savings of over two hours for every loan sale using BAM compared to their previous process, and experience surprising pickup in some cases due to bidding with an expanded investor set.

Lenders interested in BAM or automating their AOT Tri-Party Agreement should reach out to schedule a consultation.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced automation of the Tri-Party Agreement required between lenders, investors, and broker dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT's Bid Auction Manager(TM) (BAM) bid tape management and best execution platform.

Related link: https://mct-trading.com/