Tag Archives: San Diego Business

MCTlive! Lock Volume Indices: January 2023 Data

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for January 2023. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The January MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

January MCTlive! Lock Volume Indices show that lock volume increased across the board for the month. Purchase lock activity was up nearly 110% compared to December, rate/term refinance volume was up 124%, and cash-out refinance volume was up 93%. Lock activity in total was up 109% versus December. Though December lock activity is traditionally low, with many people focused on the holidays during the final week of the month, the lock figures for January clearly show some positive rate elasticity. As the Fed reaches its terminal fed funds rate for this cycle, we should see downward pressure on mortgage rates, which will only help increase origination activity. For added context, total lock activity is still down 54% from one year ago. That is mostly due to a drop off in refinance demand, as purchase lock activity sits 36% lower than at the same point last year. Rate and term refinance volume is down 84% from one year ago, and cash-out refinance volume is down 86% over that same period. Please note that, for the first time, MCT is including composite volume across lock type. Purchase locks accounted for 88% of total lock volume for the month, cash-out refinances comprised 8%, and rate/term refinances continue to display dismal volume, registering at 4% of total locks.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

:: Index values to end January as a percentage benchmarked to the start of the month

Category | Month-Over-Month Index Value Change

Total: +108.99%

Purchase: +109.75%

Rate/Term Refinance: +109.75%

Cash Out Refinance: +92.60%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -53.85%

Purchase: -35.89%

Rate/Term Refinance: -83.86%

Cash Out Refinance: -86.48%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, Calif., Philadelphia, Pa. and Texas.

For more information, visit https://mct-trading.com/.

Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for January 2023. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

We Inspect Acquires Certified Mold Inspections and The Mold Guy: Customers Benefit

SAN DIEGO, Calif. /ScoopCloud/ -- We Inspect, LLC, a global mold inspection, consulting and health technology company, recently acquired Certified Mold Inspections and The Mold Guy. Its acquisitional goal is to unify these individually-owned family businesses under one name and to better serve the community as a whole.

We Inspect was founded in 2018 by Corey Levy and Brian Karr; Certified Mold Inspections was founded by Steve Levy in 2004; and The Mold Guy was established by Mark Levy in 2005. As individual companies, the Levy family serviced different territories and were collectively known as the number one mold and biotoxin resource for medical practitioners across the country.

"These acquisitions have provided the company with the expertise and human capital needed to expand its educational and consulting capabilities, allowing it to fulfill its mission of empowering people everywhere with the tools and services they need to create healthy homes," Karr says.

Streamlining the family business under the one We Inspect name, will now allow it to serve significantly more mold-sensitive individuals by deploying its 42 years of experience across in-person home inspections, remote consulting and educational offerings.

Unlike other mold inspection companies that rely on antiquated inspection and testing practices which oftentimes dismiss the presence of mold contamination in homes, We Inspects' #FindProveRemove framework has been shaped by the most current scientific findings and proven by more than $20 million dollars of successful mold remediations.

"The majority of mold contamination in homes is hidden, but most mold inspection companies don't understand how to find it," Karr says. "They often rely on outdated testing methods that provide false negatives 70 percent of the time which is dangerous and gives occupants a false sense of security and perpetuates chronic illness."

Karr says that what sets them apart from other mold inspection companies is their ability to find the hidden sources of mold contamination in a home.

"Once we know where it's coming from, it can be remediated and the occupant can begin to heal in their home," he says.

Additional advantages of streamlining these businesses include free training and actionable resources for medical practitioners and their patients (bridging communication gaps), #moldfinders: RADIO podcast, scholarships, discounts for mold-affected people worldwide, DIY home screens and consulting services for anyone regardless of where they live or their financial situation.

About We Inspect, LLC:

We Inspect is a global mold inspection, consulting, and health technology company that helps mold-sensitive individuals regain their health through education and the environmental assessment and testing of their homes and buildings for mold, mycotoxins and other indoor pathogens. It has helped thousands of people across six continents to create homes that support their ability to heal from mold-related illnesses.

MORE INFORMATION:

https://yesweinspect.com/

MULTIMEDIA:

PODCAST (Apple): https://podcasts.apple.com/us/podcast/moldfinders-radio/id1515039084

We Inspect, LLC, a global mold inspection, consulting and health technology company, recently acquired Certified Mold Inspections and The Mold Guy. Its acquisitional goal is to unify these individually-owned family businesses under one name and to better serve the community as a whole.

Related link: https://yesweinspect.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/

TMC Emerging Technology Fund LP Invests in TRAiNED

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $1 million Simple Agreement for Future Equity (SAFE) funding round for TRAiNED, Inc.

TRAiNED was founded in December 2021 with a mission to reduce costs, increase efficiency and even out the boom-and-bust cycles in the mortgage industry. Its flagship product, Mortgage Origination Responsible Intelligence (MORI) is designed to be a self-service system for automating steps within the labor-intensive mortgage origination workflow. The system leverages artificial intelligence (AI) and machine learning (ML) data models in a secure environment to process documents and generate normalized and valid data for return to the lender's loan origination system (LOS).

MORI has recently completed alpha and beta testing and is already showing success providing clients with an average of 15 hours saved every week. TRAiNED is updating the AI and adding functionality to the MORI platform on a regular basis to provide even greater industry efficiencies. The company also offers the ability to augment staffing needs with data labeling and document indexing services.

"The limited partner's investment in TRAiNED is a testament to the need for our solution. The fact that my peers on the fund have also signed client relationship agreements is extremely helpful in TRAiNED's development. There are great things to come, and I am grateful for TMC's Tech Fund in taking this journey with me," said Jonathan Freed, CEO of TRAiNED, Inc.

TRAiNED is a partnership between enterprise-level AI company Inpleo, mid-sized independent mortgage lender Success Mortgage Partners and Freed, a former owner of a mid-sized independent mortgage lender and operating partner of TMC's Emerging Tech Fund. The three partners bring together technology and experience to move the mortgage and other paperwork-heavy industries toward adoption of meaningful, productive and cost-efficient automation.

"Success Mortgage Partners, Inc is thrilled to participate in this investment," said Owen Lee, CEO of Success Mortgage Partners, Inc and TMC Emerging Tech Fund Council Member. "What TRAiNED brings to the table is technology that saves time and conserves resources by automating 'back end' mortgage processes that are endlessly repetitive and traditionally executed by personnel. With TRAiNED, these tasks can now be automated with a superior rate of accuracy, saving mortgage lenders time and money on every single file, which compounds over time and number of files."

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC who evaluate and invest in companies looking to advance the mortgage industry. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members.

For more information, please reach out to info@tmctechfund.com To learn more about TRAiNED, visit gettrained.ai or reach out at info@gettrained.ai.

About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

For more information, visit: http://www.mortgagecollaborative.com/.

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $1 million Simple Agreement for Future Equity (SAFE) funding round for TRAiNED, Inc.

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

MCTlive! Lock Volume Indices: December 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for December 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The December MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

December MCTlive! Lock Volume Indices show that year-over-year total lock volume (-67.5 percent) continues to drop, as expected, when compared to activity in 2021. Both the month-over-month rate/term refinance lock figure and purchase index decreased for the third consecutive month. Total mortgage rate locks by dollar volume decreased 19.8 percent month-over-month in December. Cash out refinances are down 23.5 percent month-over-month and from one year ago volume is down 90.0 percent, while rate/term refinance volume has dropped 93.3 percent from 2021. Please note that loan sizes were up more than 8 percent over the past year, with the average loan amount increasing from to $320k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

* INDEX VALUES TO END DECEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -19.81%

Purchase: -19.69%

Rate/Term Refinance: -17.01%

Cash Out Refinance: -23.46%

* INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -67.45%

Purchase: -50.10%

Rate/Term Refinance: -93.28%

Cash Out Refinance: -90.04%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

To find the December report, please visit: https://mct-trading.com/mctlive-lock-volume-indices-december-2022-data/

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for December 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

MCTlive! Lock Volume Indices: November 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for November 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The November MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

November MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.9 percent) continues to drop, as expected, when compared to activity in 2021. Both the month-over-month rate/term refinance lock figure and purchase index decreased for the second consecutive month. Total mortgage rate locks by dollar volume decreased 28.6 percent month-over-month in November. Cash out refinances are down 24.4 percent month-over-month and from one year ago volume is down 86.8 percent, while rate/term refinance volume has dropped 92.0 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END NOVEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -28.62%

Purchase: -29.28%

Rate/Term Refinance: -16.76%

Cash Out Refinance: -24.43%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.88%

Purchase: -44.38%

Rate/Term Refinance: -91.96%

Cash Out Refinance: -86.79%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas. For more information, visit https://mct-trading.com/.

Mortgage Capital Trading, Inc. (MCT®), the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for November 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT's whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

"BAMCO is the latest step toward realizing MCT's vision of every loan being priced to every investor, supporting true best execution for sellers and a more efficient market for borrowers," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Historically, lenders have had far more whole loan outlets than co-issue outlets - we're seeking to change that with BAMCO."

BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.While co-issue executions via agency integrations have always been and will continue to be included in lenders' loan sale best execution analysis, BAMCO brings in a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.

In recent years, both Fannie Mae and Freddie Mac have pushed the market for co-issue loan sales forward with new servicing exchanges.This has supported the growth of co-issue transactions to represent 16% of all loan sales by MCT's lender client base in 2022. BAMCO supports and expands upon the functionality provided by the agencies to facilitate live shadow pricing, more granular MSR bids, and expanded outlets over time. BAMCO serves agency sellers within the MCT hedge client base, particularly those not currently taking advantage of co-issue executions, while offering an opportunity for co-issue buyers to attract more sellers and provide more granular pricing.

BAMCO is a new set of executions within BAM Marketplace, the industry's largest loan exchange which serves MCT's three hundred mortgage lender clients. BAMCO is the latest in a series of groundbreaking innovations from MCT, from their original focus on best execution analysis to more recent rollouts such as electronic TBA trading and automation for Assignment-of-Trade (AOT) transactions.

"Given the advancement of BAMCO technology, MCT brings incredible selling efficiencies and pricing resources to the industry," shared Chris King, SVP of Business Development at Mr. Cooper. "Mr. Cooper is excited to be a first adopter of BAMCO and we look forward to working with our clients, MCT, and the agencies to further the expansion of co-issue sales."

There is no additional cost for MCT hedging clients to use BAMCO, which was released as part of their normal best execution loan sales process earlier this week.

Interested parties can register to attend MCT's upcoming BAMCO webinar to be held December 7, 2022: https://mct-trading.com/webinar-bamco-coissue-marketplace/

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, announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party.

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

MCT Expands Investor Services Team by Appointing Jennifer Kennelly as Senior Director

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, announced today that Jennifer Kennelly has been appointed as the new Senior Director of MCT's quickly expanding Investor Services team. Jennifer will leverage her unique background to grow MCT's Bid Auction Manager (BAM) Marketplace™, the nation's first open mortgage loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.

Jennifer's 25 years of experience in diverse roles within the mortgage industry, including Freddie Mac, Compass Analytics, and LoanCare, will help grow MCT's extensive network of buyers and sellers. Having worked through various market conditions since the late 1990s, she is highly familiar with market volatility, industry disruptors, technology advancements, and evolving innovation that will prove helpful in today's current market environment. She has gained hands-on skills from working directly and indirectly in all aspects of the mortgage industry, with her primary focus being capital markets.

At MCT, Jennifer joins the Investor Services group to help investors expand their reach with sellers in a more efficient way than what has been traditionally possible, while eliminating barriers to entry and optimizing execution options. Her experience and contacts will help to further increase the liquidity sellers on MCT's BAM Marketplace™ platform have enjoyed both by broadening the scope of traditional buyers as well as sourcing novel buyers.

"We're extremely excited to have Jennifer join our Investor Services team and bring her skills to the table to continue the growth of BAM Marketplace," shared Justin Grant, Senior Director, Head of Investor Services at MCT. "Already the only exchange of its kind, we have a great vision of what we know BAM Marketplace can be for buyers and sellers in the secondary market and Jennifer is uniquely qualified in bringing that to fruition."

MCT initially launched BAM Marketplace™ in 2020 to support sellers during the pandemic. Now, this innovative product is revolutionizing the marketplace and creating boundless opportunities for buyers and sellers experiencing limited liquidity and slow turn times for pricing. Jennifer will unlock potential by helping traditional, and nontraditional buyers of whole loans to leverage MCT's technology for increased market share and revenue.

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/.

Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, announced today that Jennifer Kennelly has been appointed as the new Senior Director of MCT's quickly expanding Investor Services team.

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

MCTlive! Lock Volume Indices: October 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for October 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The October MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

October MCTlive! Lock Volume Indices show that year-over-year total lock volume (-60.4 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. While last month saw both the month-over-month rate/term refinance lock figure and purchase index increase, those figures were down 28.9 percent and 15.8 percent, respectively. Total mortgage rate locks by dollar volume decreased 17.1 percent month-over-month in October. Cash out refinances are down 27.6 percent month-over-month and from one year ago volume is down 87.2 percent, while rate/term refinance volume has dropped 93.2 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

:: INDEX VALUES TO END OCTOBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -17.08%

Purchase: -15.84%

Rate/Term Refinance: -28.92%

Cash Out Refinance: -27.57%

:: INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -60.36%

Purchase: -42.19%

Rate/Term Refinance: -93.20%

Cash Out Refinance: -87.21%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for October 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

New Animation Project Tackles Misinformation, Vaccines for Media Literacy Week

SAN DIEGO, Calif. /ScoopCloud/ -- Founded by two black doctors who tired of watching patients who looked like them die sicker and younger, Welfie is launching "Booster Troop," a fun health media literacy initiative that helps underserved children better spot misinformation. It launches October 24 for Media Literacy Week, and it includes a 7-minute animated episode in both English and Spanish, a lesson plan, and other classroom materials. Welfie provides culturally competent health and mental health education and care coordination to schools.

"Booster Troop" was made by Emmy Award-winning children's TV writers, educators, doctors, psychologists, and vetted by children, parents, teachers, school administrators, misinformation experts, psychologists, and former PBS and Sesame Workshop Executives. "Booster Troop" is free, and it features Welfie Pediatricians Dr. Nneka Edwards, MPH, who is also a Co-Founder of Welfie, and Dr. Jaime Deville, who worked on the COVID vaccine.

"Children are the most powerful agents of change in the universe," said Dr. Steven Moyo, MD and CEO and Founder of Welfie. "If we can help kids find joy and purpose in their own health, they will inspire the adults around them to do the same. But that can only happen if we help them understand how to tell accurate from inaccurate information."

The first episode of "Booster Troop" tackles the COVID vaccine and was made possible by The VaxUp Challenge, an initiative of the Innovation Studio at Children's Hospital Los Angeles and the Los Angeles County Department of Public Health. Dr. Nneka Edward's segment was filmed at The Holland Bloorview Kids Rehabilitation Hospital library in Toronto, Canada.

"Booster Troop" is currently creating a mental health program which will include self-assessments, interventionist content, health care coordination, and health fests that are culturally appropriate. Welfie was recently selected as a Google for Startups winner.

ABOUT WELFIE:

Welfie is a doctor founded, Black and women led company whose mission is to improve the health and wellbeing of underserved children and their families through culturally competent health education and care coordination in schools. Healthier children miss fewer days of school, perform better on tests, and live happier, more productive lives.

Learn more at: https://boostertroop.com/.

MULTIMEDIA:

You can see the trailer cut for media here in English: https://youtu.be/yyr6phYuVIw and here in Spanish: https://youtu.be/uoWGJMxIP6I

Founded by two black doctors who tired of watching patients who looked like them die sicker and younger, Welfie is launching "Booster Troop," a fun health media literacy initiative that helps underserved children better spot misinformation. It launches October 24 for Media Literacy Week, and it includes a 7-minute animated episode in both English and Spanish, a lesson plan, and other classroom materials. Welfie provides culturally competent health and mental health education and care coordination to schools.

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

San Diego Business Journal Again Names MCT® As Best Places To Work 2022

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), an industry-leading capital markets advisory firm, announced that it has been named Best Places to Work 2022 by the San Diego Business Journal (SDBJ). MCT was ranked number seven in the medium-sized company category (50 - 249 U.S. employees). This award is designed to identify, recognize, and honor the best places of employment in San Diego that benefit the county's economy, workforce, and local businesses.

Founded in 2001 and headquartered in downtown San Diego, MCT has grown from a pipeline hedging services specialist into a fully-integrated provider of capital markets services and software. MCT employs over 100 people and has continued to grow despite the pandemic. The company's leadership group has made it a point of pride to always go beyond the call of duty to take care of all staff needs.

"We are excited to announce that MCT has once again earned this award and climbed the ranks as one of San Diego's Best Places to Work," said Chad Campora, Head of Human Resources. "This year we feel extremely grateful to join all the other great companies in San Diego to achieve this feat as we tackle one of the toughest years in the history of mortgage markets.

"We take great pride in the respect, trust and commitment each MCT team member shows every day. We want work to be an enjoyable and purposeful part of life with a focus on wellness, connection, and ultimately nurturing a culture of our mission and values."

The SDBJ puts companies that applied for the award through an extensive evaluation process that includes a detailed analysis of company workplace policies and practices along with a comprehensive employee survey. The combined scores determine the top companies and the final rankings. The winning companies were honored at a virtual awards ceremony hosted by the SDBJ in August.

More information on the SDBJ's Best Places to Work in San Diego program can be found at https://www.sdbj.com/events/2022_best_places/

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/.

Mortgage Capital Trading, Inc. (MCT®), an industry-leading capital markets advisory firm, announced that it has been named Best Places to Work 2022 by the San Diego Business Journal (SDBJ). MCT was ranked number seven in the medium-sized company category (50 - 249 U.S. employees). This award is designed to identify, recognize, and honor the best places of employment in San Diego that benefit the county's economy, workforce, and local businesses.

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

MCTlive! Lock Volume Indices: September 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for September 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The September MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

September MCTlive! Lock Volume Indices show that year-over-year total lock volume (-48.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, both the month-over-month rate/term refinance lock figure (up 33.0 percent) and purchase index (up 6.3 percent) increased in September. Total mortgage rate locks by dollar volume decreased 5.4 percent month-over-month in September. Cash out refinances are down 10.7 percent month-over-month and from one year ago volume is down 80.6 percent, while rate/term refinance volume has dropped 92.9 percent from 2021. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $292k to $317k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END SEPTEMBER AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: +5.44%

Purchase: +6.31%

Rate/Term Refinance: +32.98%

Cash Out Refinance: -10.66%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -48.48%

Purchase: -20.5%

Rate/Term Refinance: -92.89%

Cash Out Refinance: -80.56%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

For more information, visit https://mct-trading.com/.

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for September 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

MCTlive! Lock Volume Indices: August 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for August 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The August MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

August MCTlive! Lock Volume Indices show that year-over-year total lock volume (-53.0 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. After the month-over-month rate/term refinance lock figure increased 11 percent in August due to a slight drop in mortgage rates, the index was down 46 percent in August. Total mortgage rate locks by dollar volume decreased 28.5 percent in August, with purchase locks declining 27.8 percent month-over-month and 23.4 percent from a year ago. Cash-out refinances are down 5.3 percent month-over-month. From one year ago, cash-out refinance volume is down 80.0 percent, while rate/term refinance volume has dropped 95.2 percent. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END AUGUST AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -28.45%

Purchase: -27.82%

Rate/Term Refinance: -28.38%

Cash Out Refinance: -46.01%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -53.02%

Purchase: -23.36%

Rate/Term Refinance: -95.16%

Cash Out Refinance: -79.99%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for August 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

INC. 5000 Ranks MCT® On Its 2022 Fastest Growing Private Companies List For 11th Time

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Inc. 5000 named MCT to its 2022 list of winners for the nation's fastest-growing private companies. MCT ranked number 4713 with three-year sales growth of 90% percent. This is the second year in a row that MCT made Inc. 5000's list and the company's 11th year making the list since its inception.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

"MCT is delighted to be recognized, once again, as one of the most successful independent, small, and midsized businesses in America," said Curtis Richins, President and CEO of MCT. "It is our 11th time winning this prestigious award in nearly as many years, and all the credit should be attributed to our dedicated, intelligent, and caring team members who go above-and-beyond each day for our clients. They embody MCT's tag line as 'your trusted capital markets partner.' We are also grateful that mortgage lenders of all sizes and an ever-growing cohort of investors have selected MCT as their secondary partner."

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "We're thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

Not only have the companies on the 2022 Inc. 5000 been highly competitive within their respective markets, but this year's list also proved especially resilient and flexible given the unprecedented challenges these past few years. Among the 5,000 companies honored in 2022, the average median three-year growth rate was 230%, and the total revenue was $317.6 billion. Together, those companies added more than 1,179,282 jobs over the past three years.

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.

Inc. 5000 Methodology:

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Inc. 5000 named MCT to its 2022 list of winners for the nation's fastest-growing private companies. MCT ranked number 4713 with three-year sales growth of 90% percent. This is the second year in a row that MCT made Inc. 5000's list and the company's 11th year making the list since its inception.

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

TMC Emerging Technology Fund LP Invests in Willow Servicing

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $6 million seed round for Willow Servicing. The round was led by Thomvest Ventures, with participation from Global Asset Capital, Webb Investment Network and Zigg Capital.

Willow Servicing was founded in 2021 with the vision of modernizing the core technology that orchestrates the collection of $18 trillion of U.S. mortgage debt. Willow's cloud-based mortgage servicing platform automates routine servicing tasks and compliance, allowing small and large servicers to efficiently service loans in-house.

"Partnering with TMC gives us direct access to a broad network of lenders who can provide guidance on the changing dynamics within the mortgage industry and invaluable feedback on our product roadmap and offering," said Laura Cain, CEO of Willow Servicing. "We are eager to continue building out our platform and automate the most error-prone and difficult tasks facing mortgage lenders and servicers. The additional funding will allow us to continue investing in our customers and solving their pain points."

Since launching its platform in Q1 2022, Willow has serviced over $750 million in loans. While initially designed to manage interim servicing, Willow has quickly expanded to support additional loan types and processes, from HELOCs and construction loans to appraisal fees and payoffs.

Feliks Viner, vice president of secondary markets at First World Mortgage and Tech Fund council member, said, "Willow Servicing's platform has been a perfect solution for our interim servicing needs. The entire process, from initial onboarding to managing daily workflow, has been seamless with real-time support and a user-friendly website. Willow has allowed us to effortlessly automate our interim servicing process and provide our customers with timely notifications and simple payment options. We are thrilled for our continued partnership with Willow Servicing."

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC who evaluate and invest in companies looking to advance the mortgage industry. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members. For more information, please reach out to tmctechfund@mtgcoop.com. To learn more about Willow Servicing, visit https://www.willowservicing.com/ or reach out at sales@willowservicing.com.

About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a $6 million seed round for Willow Servicing. The round was led by Thomvest Ventures, with participation from Global Asset Capital, Webb Investment Network and Zigg Capital.

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

MCTlive! Capital Markets Platform Becomes First to Integrate with Freddie Mac’s Whole Loan Purchase Advice Seller API

SAN DIEGO, Calif. /ScoopCloud/ -- MCT's award-winning capital markets platform, MCTlive!, is the first to integrate with Freddie Mac's Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Freddie Mac purchase data directly, instead of waiting to run reports through a Loan Origination System (LOS).

By removing manual data entry into the LOS the connection to this API will provide more accurate and timelier 'Held For Sale' reporting. The integration also allows MCTlive's Loan Commitment Tracker to automatically draw down outstanding commitments as loans are purchased by Freddie Mac.

"We really appreciate Freddie Mac on their continued drive to improve the efficiency in which data is communicated back to lenders," said Paul Yarbrough, Senior Director of MCT's Client Success Group. "With Freddie's new Cash Settlement Purchase Statement API, MCT clients are now able to automatically pull in any purchase advice statements posted by Freddie Mac. Subsequently, MCT clients can utilize our state-of-the-art data writeback to update the LOS quicker and more accurately saving the valuable time of critical staff at the lender."

As a top purchaser of whole loans from the MCT lender client base, integrating with the Freddie Mac Whole Loan Purchase Advice Seller API completes a large step in MCT's roadmap for automating and independently verifying performance reporting. MCT is in the process of working with many whole loan buyers to automate the delivery of their purchase advices into MCTlive! Please contact MCT today to start the process of automating the delivery of purchase advices for whole loan buyers and sellers.

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.

MCT's award-winning capital markets platform, MCTlive!, is the first to integrate with Freddie Mac's Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Freddie Mac purchase data directly, instead of waiting to run reports through a Loan Origination System (LOS).

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

Mortgage Women Magazine Names Natalie Arshakian as a 2022 Mortgage Star

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that National Mortgage Professional's Mortgage Women Magazine selected Natalie Arshakian, Senior Director and Head of Lock Desk Operations at MCT, to its annual 2022 Mortgage Star Awards.

This year's award recognizes 31 women who rise above the rest to do more for their clients, serve as better mentors, and are committed to making the industry more welcoming through both traditional and creative ways. Mortgage Women Magazine selected this year's Mortgage Stars by analyzing each individual's accomplishments, their philosophies, the way they support those around them, and how they inspire others to better themselves.

The class of women listed as 2022's Mortgage Stars shared their personal stories of their successes, experiences, advice, and solutions via the July 2022 Issue of Mortgage Women. Many of them started in entry-level positions and rose to prominent leadership roles, including Natalie Arshakian.

In a conversation with Mortgage Women Magazine, Arshakian shared that she hopes to lead by example, "so that women know that there is a spot for them at the table." Arshakian believes female mentors are critical to success, as they are "living proof that being a successful woman is achievable and that those who are driven should aim high."

Arshakian believes that initiative and self-motivation are the two most significant contributors to her success and encouraged women starting their careers in the mortgage industry to "find someone successful that you admire and ask how they got their start and what they did to become successful." Arshakian further emphasized that the significant change she'd like to see in the mortgage industry is more collaboration among secondary mortgage market leaders, investors, and technology platforms to enhance the user experience and offer more efficient processes industrywide.

Arshakian has over ten years of experience working in financial services and holds a B.A. in Political Science from UCLA. Arshakian's expertise lies in the areas of locking, pricing, data analysis, team leadership, mentoring, pipeline building, internal process creation, risk management, and auditing. Currently, she leads and mentors a team of over 40 analysts who provide services to over 65 clients that lock over $7 billion a month.

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.

About National Mortgage Professional:

National Mortgage Professional focuses exclusively on the mortgage industry. From daily news feeds to specialty newsletters, from magazines to webinars, from in-person events to Facebook Live interactions, National Mortgage Professional dominates the market for mortgage insight. Their publications - NMP, Mortgage Banker and Mortgage Women - have been must-read magazines for decades.

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that National Mortgage Professional's Mortgage Women Magazine selected Natalie Arshakian, Senior Director and Head of Lock Desk Operations at MCT, to its annual 2022 Mortgage Star Awards.

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

Mortgage Professional America Magazine Names Natalie Arshakian to List of Elite Women For 2022

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Natalie Arshakian has been selected to Mortgage Professional America (MPA) magazine's list of Elite Women in Mortgage for 2022. The annual awards, now in their sixth year, celebrate 67 successful women who are taking on gender inequality in leadership by continuously challenging societal expectations. These women don't let unconscious biases prevent them from breaking the mold as they rewrite the rules and work to make the mortgage industry more inclusive for all people, no matter their gender identity.

Natalie Arshakian, Senior Director of LockCentral at MCT, is an exceptional female leader working in a role that beneficially impacts the mortgage industry. Arshakian started as an entry-level analyst at MCT, and within five years, she was promoted six times to her current position. She has over seven years of experience working in financial services and holds a foundational B.A in Political Science from UCLA. Arshakian's expertise lies in the areas of locking, pricing, data analysis, team leadership, mentoring, pipeline building, internal process creation, risk management and auditing.

Arshakian leads and mentors a team of 35 analysts who provide services to over 65 clients that lock over $7 billion a month. Arshakian's Lock Desk employee training program, commonly called Secondary Boot Camp, has provided a foundation of knowledge that has led to numerous growth opportunities within the secondary mortgage market. Her training and mentorship have enabled dozens of analysts to move from the Lock Desk into Trading, MSR, Programming, and Sales divisions at MCT. She has been instrumental in building the largest outsourced lock desk service provider in the nation.

MPA's Elite Women program is now in its sixth year. Nominators were asked to describe the nominee's standout professional achievements over the past 12 months, along with their contributions to diversity and inclusion in the industry and how they've given back through volunteer roles and charity work. After a thorough review of all the nominations, the MPA team narrowed down the list to the final 67 Elite Women who have made their mark on the industry.

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.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage & finance industry's trusted source of news, opinion and analysis. MPA provides a real-time web service that keeps time-poor mortgage & finance professionals up to date with the latest breaking news, cutting-edge opinion, and expert analysis affecting both their business, and their industry as a whole.

RELATED LINKS:

https://mct-trading.com/solutions/mortgage-hedging/

https://www.mpamag.com/us/best-in-mortgage/elite-women-2022/411498

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced today that Natalie Arshakian has been selected to Mortgage Professional America (MPA) magazine's list of Elite Women in Mortgage for 2022. The annual awards, now in their sixth year, celebrate 67 successful women who are taking on gender inequality in leadership by continuously challenging societal expectations.

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

MCTlive! Lock Volume Indices: July 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for July 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The July MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

July MCTlive! Lock Volume Indices show that year-over-year total lock volume (-46.5 percent) continues to drop, as expected, when compared to the white-hot summer of 2021. However, the month-over-month rate/term refinance lock figure is up 11 percent versus June 2022 due to the recent bond market rally. Total mortgage rate locks by dollar volume decreased 1.5 percent in July, with purchase locks also declining 1.5 percent month-over-month and 8.9 percent from a year ago. Rate/term refinances are down 11.4 percent and cash out refinances are down 5.3 percent month-over-month. From one year ago, cash out refinance volume is down 77.9 percent, while rate/term refinance volume has dropped 94.2 percent. Given rate/term refinance volume was already down 90 percent year-over-year in the June MCTlive! Lock Volume Indices, this month's drop does not change the total much. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END JULY AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -1.50%

Purchase: -1.50%

Rate/Term Refinance: 11.36%

Cash Out Refinance: -5.28%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -46.53%

Purchase: -8.94%

Rate/Term Refinance: -94.17%

Cash Out Refinance: -77.87%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for July 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels.

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

Mortgage Banker Magazine Names Curtis Richins on Legends of Lending List

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine's inaugural "Legends of Lending" list. The magazine's inaugural class was compiled to highlight the most talented, ambitious, and legendary individuals who are achieving excellence and making a difference in the mortgage industry.

As part of the selection, Mr. Richins was asked to share what he views as his most "legendary" value, which he described as being a "learn-it-all" rather than a know-it-all. "I am constantly seeking input and advice from the people around me to gather all the facts before coming to a decision," he continued. "I value a team-oriented approach rather than an individual one when it comes to matters both at work and in my personal life," stated Richins. This approach is what inspires him to continually seek out new ideas that will push MCT forward.

Mr. Richins was also asked to offer his thoughts on the main problems facing the mortgage industry today and how he hopes to address them, which he identified as bouts of illiquidity and price dislocation that can have a dramatic and negative impact on market participants.

"In response to this market dislocation, MCT created a digital whole loan marketplace to connect buyer and seller regardless of approval status, creating an important new pool of liquidity for sellers," he explained. "Out of the crisis, BAM Marketplace was born and has now become the largest digital whole loan marketplace with more than $1 billion in whole loans auctioned on the platform."

"The mortgage industry continues to make huge strides in automating and digitizing all aspects of the mortgage value change," explained Richins. When asked for his thoughts on the future of the industry, he hopes the same innovation will translate to the secondary market in the coming years. Those interested in learning more about the features and benefits of MCT's award-winning technology, services, and leadership team are encouraged to contact MCT for more information.

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.

RELATED LINKS:

https://mct-trading.com/bam-marketplace-loan-exchange/

https://nationalmortgageprofessional.com/magazine/mortgage-banker-magazine/legends-lending/digital-edition

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced that Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine's inaugural "Legends of Lending" list. The magazine's inaugural class was compiled to highlight the most talented, ambitious, and legendary individuals who are achieving excellence and making a difference in the mortgage industry.

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

MCTlive! Lock Volume Indices: June 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for June 2022. MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The June MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

June MCTlive! Lock Volume Indices show that that total mortgage rate locks by dollar volume decreased 3.8 percent in June, and total lock volume is down 32.0 percent from a year ago as purchases continue to make up most originator volume. Purchase locks declined 1.63 percent month-over-month, but a mere 4.6 percent from a year ago. The increase in mortgage rates is also evident as refinance volume continues to fall. Rate/term refinances are down 12.4 percent and cash out refinances are down 18.7 percent month-over-month. From one year ago, cash out refinance volume is down 64.5 percent, while rate/term refinance volume has dropped 90.4 percent. Given rate/term refinance volume was already down 90 percent year-over-year in the May MCTlive! Lock Volume Indices, this month's drop does not change the total much. Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END MAY AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH
Category | Month-Over-Month Index Value Change
Total: -3.83%
Purchase: -1.63%
Rate/Term Refinance: -12.43%
Cash Out Refinance: -18.74%

INDEX VALUE CHANGE YEAR-OVER-YEAR
Category | Year-Over-Year Index Value Change
Total: -32.03%
Purchase: -4.63%
Rate/Term Refinance: -90.39%
Cash Out Refinance: -64.47%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for June 2022.

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

TMC Emerging Technology Fund LP Invests in leadPops

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a follow-on round to a recent $3.5M Series A completed by leadPops, a digital customer acquisition software and marketing innovation platform. leadPops allows users to create robust, automated lead-generating systems that drive qualified leads directly to their business. Current leadPops clients leverage tools such as lead funnels, lead-generation websites and in-house managed marketing services to drive and secure high-quality leads with solid conversion potential.

"At leadPops, we believe driving traffic and clicks doesn't matter if you're not converting those clicks into clients, which is why we're thrilled to partner with The Mortgage Collaborative at a time when many mortgage companies need us the most" said CEO and Co-Founder of leadPops Andrew Pawlak. "The TMC Tech Fund's investment will help further accelerate leadPop's growth while allowing us to positively impact the more than 250 mortgage companies that are part of TMC. It's a big win for everyone involved, and the leadPops team is ready to rock."

leadPops was founded in 2011 to help mortgage, real estate and insurance businesses thrive online through optimized conversion. Existing partnerships include the Association of Independent Mortgage Experts (AIME), C2 Financial, Fairway Independent Mortgage, Movement Mortgage, Thrive Mortgage and many more. With more than 3,000 clients nationwide, leadPops was named one of the country's fastest-growing companies in 2021, earning it a place on the Inc. 5,000 list.

"Andrew literally wrote the book on mortgage lead generation and has a profound amount of knowledge and experience in lead generation and management for mortgage, real estate and insurance professionals," said Sandy Selman, Venture Partner for the TMC Emerging Technology Fund. "Andrew has boundless enthusiasm to help his clients succeed and is among that rare breed of entrepreneur in whom we are fortunate to invest."

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC and are responsible for evaluating and investing in companies looking to advance the mortgage industry to the next level. The Fund continues to look for investment opportunities that will result in higher profitability and business process improvement for TMC lender members. For more information, contact info@tmctechfund.com. To learn more about leadPops, visit https://leadpops.com.

About The Mortgage Collaborative:

Based in San Diego, CA., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve America's dynamic and changing consumer base. For more information, visit http://www.mortgagecollaborative.com/

The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") recently participated in a follow-on round to a recent $3.5M Series A completed by leadPops, a digital customer acquisition software and marketing innovation platform. leadPops allows users to create robust, automated lead-generating systems that drive qualified leads directly to their business.

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

New MSR Technology Empowers MSR Buyers with Live Loan-Level Pricing

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

Especially in a volatile climate, every basis point counts. MCT's objective is to ensure that its software additions drive more profitability and increase efficiencies. With MCT's new API, users can effectively develop a pricing strategy that includes key loan-level characteristics, such as property location, FICO, loan-to-value (LTV), and much more in real-time to evaluate a comprehensive set of data that contributes to a winning pricing strategy.

The key takeaway of this new functionality is how it informs users and helps servicing buyers avoid over-paying for potentially underperforming assets. The software provides a more prudent, thoughtful, and strategic approach achieved by leveraging a granular set of data which will result in fewer missteps. The system's functionality provides insight for the servicing buyers to ensure that the pricing levels on a loan-by-loan basis are appropriate and justified.

"The competitive landscape has exposed the challenges with applying static multiples across all LTVs and FICOs and has heightened the importance of a more strategic pricing strategy," shared Bill Shirreffs, Head of MSR Services and Sales Operations at MCT. "MCT's MSRlive! API is specifically designed to provide granular, loan-level, MSR pricing based on your cost assumptions and return expectations. Ultimately, giving you more confidence."

This technology is available to MSR buyers that want to receive more granular pricing for their MSR bidding today. Connect with MCT to start securing company profitability with a wide array of software systems and expert consultants.

Learn more: https://mct-trading.com/contact/

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, has announced today a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT's state-of-the-art MSR valuation platform to clients' systems for more precise and accurate loan-level pricing in real time.

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

MCTlive! Lock Volume Indices: May 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for May 2022.

MCT Data represents a balanced cross section of several hundred lenders among retail, correspondent, wholesale, and consumer direct channels. A broad-based view of the entire market provides a more accurate picture of mortgage originations versus indices that are influenced by mega lenders. The May MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

May MCTlive! Lock Volume Indices, which include an adjustment for the Memorial Day Holiday, show that that total mortgage rate locks by dollar volume decreased 10.6 percent in May, and total lock volume is down 29.5 percent from a year ago as purchases now make up most of the volume. Rapid rises in rates have kept would-be borrowers on the sidelines in 2022, and we saw declines in all three lock categories.

Purchase locks are now on the decline, down 1.78 percent month-over-month and 10.1 percent from a year ago. The increase in mortgage rates is also evident as refinance volume continues to fall. Rate/term refinances are down 29.6 percent and cash out refinances are down 9.0 percent month-over-month. From one year ago, cash out refinance volume is down 57.5 percent, while rate/term refinance volume has dropped 90.0 percent. Given rate/term refinance volume was already down 88 percent year-over-year in the April MCTlive! Lock Volume Indices, this month's drop does not change the total much.

Please note that loan sizes were up 8.3 percent over the past year, with the average loan amount increasing from $291k to $315k.

It is important to note that MCT's rate lock activity indices are based on actual dollar volume of locked loans, not number of applications. Especially in a tight purchase market, MCT believes its methodology (using actual loans locked vs. applications) is a more reliable metric. There is a higher likelihood of having multiple applications per funded loan, and prequals do not convert at as high of a rate in the current market as has historically been the case - especially when applications are counted at the early stage of entering a property address.

INDEX VALUES TO END MAY AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH

Category | Month-Over-Month Index Value Change

Total: -10.65%

Purchase: -10.11%

Rate/Term Refinance: -29.57%

Cash Out Refinance: -8.99%

INDEX VALUE CHANGE YEAR-OVER-YEAR

Category | Year-Over-Year Index Value Change

Total: -29.54%

Purchase: -1.78%

Rate/Term Refinance: -90.03%

Cash Out Refinance: -57.52%

MCT will be publishing the MCTlive! Mortgage Lock Volume Indices monthly, intending the data to serve as an enduring informational tool for industry participants, analysts, and watchers.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales.

MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

MCT®, the leader in capital markets software and services supporting more lenders with hedging and pipeline management solutions than any other single provider, is pleased to present the MCTlive! Lock Volume Indices for May 2022.

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

Spine IEP Fellows & Young Surgeons’ Course Launches Women in Spine Initiative

SAN DIEGO, Calif. /ScoopCloud/ -- Magnifi Group, Inc., announced today the first two scholarship recipients of the Women in Spine Initiative for its 2022 Spine IEP Fellows & Young Surgeons' Course - Austin, Texas, November 18-20. Drs. Emily Mills from the University of Southern California and Erisha Tashakori from The University of Texas Health Science Center at Houston will attend the comprehensive two-day interactive spine course covering cadaver, didactic and classroom training. Drs. Mills' and Tashakori's scholarships will cover all expenses related to their attendance at the upcoming course.

PGY 3 orthopaedic candidates from major US medical school residency programs were invited to submit their credentials for consideration. Dr. Elizabeth L. Lord, Assistant Clinical Professor, Department of Orthopaedic Surgery at the David Geffen School of Medicine at UCLA, is chair of the Spine IEP Women in Spine initiative. Dr. Lord, also a faculty member of the Spine IEP, said targeting third-year orthopaedic residents comes at the right time before they formally decide on their subspecialty. "By the end of PGY 3 they'll have a good idea which path they are on," Dr. Lord said.

"Having attended the Spine IEP course as a Fellow, I can definitely attest to its value and the impact it will have on the residents who attend," Lord added.

The Spine IEP Fellows & Young Surgeons' Course, now in its 12th year, is limited to 50-55 attendees in order to accommodate a didactics rotation schedule of 45-50 tables hosted by medical device and biologics companies. Four cadaver labs will also be offered during the duration of the course.

The Spine IEP has been specifically developed to educate spine and neurosurgery Fellows and Young Surgeons on current topics related to the practice of spine and neurosurgery, as well as to assist attendees with the transition from academics to practicing surgeons. The classroom format for the course is highly interactive; all sessions conclude with question/answer sessions and panel discussions.

The Spine IEP Fellows & Young Surgeons' Course is led by Dr. Frank Phillips, Professor and Director, Division of Spine Surgery and Fellowship Co-Director, Spine Surgery at Rush University Medical Center, Chicago, Ill.

According to Magnifi data, an average of 70-80 spine Fellows enters the US market each year as practicing spine surgeons. Of these, 48-50 Fellows & Young Surgeons are expected to attend the upcoming course.

Learn more: https://www.spine-iep.com/sfc

ABOUT MAGNIFI GROUP:

Magnifi Group, Inc. is a developer of a FDA-compliant eLearning platform for the medical device and biologics industries. The company also hosts the Spine IEP Live Fellows Course; the Lower Extremity IEP Live Fellows Course; the Hip and Knee IEP Live Fellows Course; the Shoulder IEP Live Fellows Course and the Microsurgery IEP Live Fellows Course.

Magnifi Group, Inc., announced today the first two scholarship recipients of the Women in Spine Initiative for its 2022 Spine IEP Fellows & Young Surgeons' Course - Austin, Texas, November 18-20. PGY 3 orthopaedic candidates from major US medical school residency programs were invited to submit their credentials for consideration.

Related link: http://www.magnifigroup.com/

MCTlive! Lock Volume Indices: April 2022 Data

SAN DIEGO, Calif. /ScoopCloud/ -- MCT®, the leading pipeline hedge advisory in the residential mortgage industry, is pleased to announce the introduction of new MCTlive! Mortgage Lock Volume Indices to help all industry participants better understand key trends in the mortgage industry. As the company serving more lenders with hedging and pipeline management solutions than any other single provider, MCT is uniquely positioned to capture data and understand macro trends in the industry. MCT-collected statistics are also unique to the industry given the diversity in lender size across its client base.

This data represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels. Taking this broad based, diverse, and representative view of entire market, it provides a more accurate picture of what is happening in mortgage originations than indices are influenced by mega lenders. MCT will be publishing the MCTlive! Mortgage Lock Volume Indices on a monthly basis, intended to serve as an enduring data tool for industry participants, analysts, and watchers.

MCTlive! Mortgage Lock Volume Indices are based on actual dollar volume of locked loans, not numbers of applications, therefore providing a much more accurate picture of industry lock activity than other surveys or application data. The data is also broken out by transaction type: purchase, rate/term refinance, and cash out refinance. Especially in a tight purchase market, applications are a less reliable metric for the mortgage industry as there is a higher likelihood of having multiple applications per funded loan. Prequals do not convert at as high of a rate in the current market as has historically been the case, especially when applications are counted at the early stage of entering a property address.

Covering the period from April 1 through April 30, 2022, this inaugural MCTlive! Lock Volume Indices shows that total mortgage rate locks by dollar volume decreased 5.0 percent in April, and lock volume is down 25.4 percent from a year ago. Purchase locks are up 2.2 percent over the course of the month and 7.55 percent from one year ago, a bright spot even as mortgage rates have increased rapidly in 2022. That increase in mortgage rates is evident in the refinance figures, as rate/term refinances are down 36.4 percent and cash out refinances are down 31.1 percent month-over-month. From one year ago, cash out refinance volume is down 51.7 percent, while rate/term refinance volume has dropped 89.2 percent.

INDEX VALUES TO END APRIL AS A PERCENTAGE BENCHMARKED TO THE START OF THE MONTH:

Category | Month-Over-Month Index Value Change

Total: -5.00%

Purchase: 2.22%

Rate/Term Refinance: -36.35%

Cash Out Refinance: -31.10%

INDEX VALUES YEAR-OVER-YEAR:

Category | Year-Over-Year Index Value Change

Total: -25.39%

Purchase: 7.55%

Rate/Term Refinance: -89.23%

Cash Out Refinance: -51.70%

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.

MCT®, the leading pipeline hedge advisory in the residential mortgage industry, is pleased to announce the introduction of new MCTlive! Mortgage Lock Volume Indices to help all industry participants better understand key trends in the mortgage industry.

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

TbSpoon Launches First and Only Authentic Mediterranean Meal Prep Service

SAN DIEGO, Calif. /ScoopCloud/ -- TbSpoon, an authentic Mediterranean meal prep delivery service, announced the launch of its southern California operations, the first Mediterranean meal prep service in the U.S. TbSpoon's meals are filled with Mediterranean flavors and offer all the positive benefits of a Mediterranean diet.

TbSpoon's food philosophy is rooted in the belief that delicious and hearty food can still be healthy and provide plenty of energy to sustain people throughout the day. Menu items are based on recipes that have stood the test of time. They're classics from the Mediterranean region and have been around for hundreds of years. All recipes are optimized to deliver value, taste, nutrition and energy.

Meals heat up in fewer than four minutes and include delicious choices for meat lovers, vegetarians, vegans and pescatarians too. All meal choices provide the number of calories along with detailed ingredient descriptions.

Helping people save money and time is also important to TbSpoon. They continually work to stay ahead of the competition to meet people's budgets and busy schedules.

"Our mission is to bring authentic Mediterranean flavors straight to our customers' doorsteps," Ahmed Gamily, TbSpoon's founder says. "We want people to travel to the Mediterranean through their tastebuds and to improve their overall health by eating food that was meant to benefit their bodies."

View current menu: https://order.tbspoon.com/currentmenu/

Note: service area currently limited to Southern California.

About TbSpoon:

TbSpoon is a weekly subscription that delivers freshly prepared, ready-to-eat meals. All dietary needs can be accommodated and its meals are budget conscious and never compromise on taste or nutrition. Several different meal plans are available.

For more information about the company and menu launch, visit: https://tbspoon.com.

FOLLOW ON SOCIAL:

Facebook: https://www.facebook.com/TbSpoon-114276594503294/

Instagram: https://www.instagram.com/tbspoon_mdt/

TikTok: https://www.tiktok.com/@tbspoon_mdtn

TbSpoon, an authentic Mediterranean meal prep delivery service, announced the launch of its southern California operations, the first Mediterranean meal prep service in the U.S. TbSpoon's meals are filled with Mediterranean flavors and offer all the positive benefits of a Mediterranean diet.

Related link: https://tbspoon.com/

2022 HousingWire Tech100 Mortgage Award Announces MCT As Leader In Innovation

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2022 HousingWire Tech100 Mortgage Winner. The Tech100 Mortgage Award spotlights innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. MCT achieved several company milestones throughout the past year by launching and enhancing several technology solutions and services which helped the company earn a spot on the latest Tech100 list.

MCT was measured on the company's key technology, quantifiable metrics and client impact. It's increasingly clear that the winners in today's housing economy have latched onto the concept of sustaining innovation. MCT is listed as one of the companies and solutions demonstrating a new era of innovators that understand the dynamics of the housing industry.

MCT continues to facilitate whole loan liquidity between sellers and buyers of mortgage loans with a new program released in 2020 called BAM Marketplace, a platform within MCTlive!®. It is a truly open loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform. Leveraging MCT's patent-pending Security Spread Commitment, BAM Marketplace facilitates bids between unapproved counterparties, which ensures sellers receive more bids and better execution for their loans than anywhere else in the industry. This functionality is providing sellers unique access to a larger group of buyers and resulting in average pickups of almost 23 BPS over cover bids. This technology is resulting in a revolutionary new era of maximized liquidity, eliminated barriers and optimized execution.

"We are thrilled and delighted to be recognized once again by HousingWire for our contributions to the technological advancement of the mortgage industry," said Curtis Richins, President and CEO of MCT. "It wouldn't have been possible without the dedication and intelligence of our outstanding team members, who are committed to supporting clients in the best ways possible, always striving to push the ball of what a trusted capital markets partner can offer. This award is a testament to the hard work and dedication of all our employees."

This feature has 200+ sellers transacting in the marketplace and $7 billion transacted between marketplace buyers and sellers to date. Sellers on BAM Marketplace are experiencing an average pickup of 36 bps on government production, 26 bps on conventional production, 52 bps on government with FICO under 660, 41 bps with a low loan amount (under $200k) and 59 bps on MFG.

Those interested in learning more about the features and benefits of MCT's award-winning technology and services are encouraged to contact MCT for more information.

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's offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world's first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive!®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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

Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2022 HousingWire Tech100 Mortgage Winner. The Tech100 Mortgage Award spotlights innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes.

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

COYOTAS Tortillas is Naturally San Diego’s Pitch Slam People’s Choice!

SAN DIEGO, Calif. /ScoopCloud/ -- On April 7, at the "Naturally San Diego" 2nd Annual Pitch Slam, "COYOTAS" Cassava Tortillas, took the People's Choice Award in this Shark Tank style event, showcasing Southern California's emerging and promising natural products companies and their owners in front of a board of experts and a live audience. The sole purpose of this event is for the local community to support and drive growth in their industry.

Janet Flores Pavlovich, Founder of "COYOTAS" took the stage with the opening question "Who here eats Tacos?" to which the whole crowd replied excitedly about their love for Tacos.

"COYOTAS" Cassava Flour Tortillas are Gluten-Free, Grain-Free, Vegan and Paleo Tortillas made locally in San Diego, created for the purpose of dignifying the Tortilla and show how an authentic one should be already in the specialty food market.

Janet continued by saying: "We are the ONLY tortilla company in the market that offers a clean label 4 ingredients tortilla, authentic, with great flavor, great texture. The texture is so soft and pliable that your taco won't fall apart; since it's a deal breaker if it does."

Janet went back to her hometown of Hermosillo, Sonora in Mexico to learn how to make tortillas from the source. Women called "Tortilleras" who have been making tortillas by hand for generations.

Inspired by living in California and its lifestyle, she decided to put a spin to the traditional tortilla recipe by making it gluten free and grain free by using cassava flour to, and by being made in a facility operated by her and cofounder/husband Alfredo Contreras, they can assure the quality of each tortilla being produced, and in her own words: "We have very high standards for Tortillas."

The company Started in January 2020 in Farmers Markets, hand pressing every single tortilla, and were able to gather all the feedback firsthand and saw the love for the product.

But a couple of months later all shut down because of COVID and they had to create a solution when they decided to rely on ecommerce to be able to reach the customers they had at the moment.

At the same time, several specialty food markets started reaching out due to their own customers requesting that COYOTAS be in their retail stores.

Currently most of the business covers around 60 specialty food retail stores in Southern California mostly San Diego and Los Angeles area, focusing on growing organically, by saturating the area before expanding to new territories, being able to meet the customers' needs and satisfaction before taking the next step, and keeping on the integrity and simplicity of our products, in the words of Janet: "We don't want to be the small fishing boat catching a big whale and eventually sink."

She added: "Want to build a company that we are truly proud of, connecting to our community, we want to use only clean ingredients in our products, and most of all have fun. What we do are Tortillas... but radically better and with Good Vibes."

The pitch concluded with a series of questions from the board regarding the views and direction, growth and scalability for the company, in which she replied that COYOTAS is at 60% capacity already making plans for the next step in volume and efficiency without affecting quality that our customers know them for.

Another member of the panel mentioned she was hesitant of the Tortillas since most of the Gluten/Grain Free Vegan in the category are dry and fall apart, she was tremendously surprised at how delicious and fantastic they were, leading to the question, How is COYOTAS communicating to consumers that they will not be sacrificing their love for tortillas by consuming these? To what Janet replied: "We have been very lucky that our own loyal customers have been our voice to new customers, especially since in proximity they too look for similar products. Also, we currently offer 1 Free Pack of Tortillas on our website for them to be able to try before committing to a full purchase, since we trust our product and brand so much and by doing constantly demos at the retail stores where you can find COYOTAS."

MORE INFORMATION:

https://eatcoyotas.com/

Instagram: @eatcoyotas

Facebook: @eatcoyotas

TikTok: @eatcoyotas

VIDEO:

https://youtu.be/LWFh1Z5bZ_s

On April 7, at the "Naturally San Diego" 2nd Annual Pitch Slam, "COYOTAS" Cassava Tortillas, took the People's Choice Award in this Shark Tank style event, showcasing Southern California's emerging and promising natural products companies and their owners in front of a board of experts and a live audience. The sole purpose of this event is for the local community to support and drive growth in their industry.

Related link: https://eatcoyotas.com/

Ben Itkin Assumes Sales Leadership Position at MCT

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced today that Ben Itkin has been appointed the new National Sales Director. Mr. Itkin will leverage his hands-on experience from his previous senior role as Managing Director to now lead a larger overall investment in the MCT sales team.

Mr. Itkin assumes an important leadership position that ensures MCT will continue to grow its "in the field" presence and continue to provide industry-leading client experience to over 300 lenders. The appointment is part and parcel of bigger investment in the sales team, which has more than doubled from six Sales Directors, to a team of 13 with the addition of four Capital Markets Technology Advisors and three Regional Account Executives.

"With Tom Farmer's promotion to Chief Investment in Corporate Development Officer overseeing third party collaborations, Ben will assume the leadership of our sales team," said Curtis Richins, President and CEO of MCT. "Ben in this role is exciting because he is widely known and widely respected throughout the industry. He is charismatic, insightful, solutions focused, and people enjoy doing business with him."

The expanded sales team Mr. Itkin now leads is part of MCT's ongoing commitment to client engagement and delivering the best client experience. His objectives are to grow MCT's core business and accelerate adoption of non-hedge products and services. He is also tasked with growing newer offerings including MSRlive!, participation in BAM Marketplace, investor services, and MCTlive!, MCT's award-winning best execution and loan pipeline management software.

"Even though we are coming into a much softer market than we have seen the last three years, success is still the expectation and I look forward to continuing that upward trajectory," said Itkin. "We have a talented, young sales team and I am excited about helping mentor and assist each of them to develop and flourish, ultimately maximizing their potential."

Mr. Itkin brings nearly 30 years of experience in the mortgage industry and 13 years of experience at MCT as a resource in helping sales and organizational initiatives to his new role. He is highly regarded in the mortgage industry, and holds deep knowledge in secondary marketing, loan pricing, and pipeline hedging. He has been instrumental in expanding and working closely with MCT's team of trading analysts to provide hands-on service to clients as well as being instrumental as a sales resource including scratch and dent bidding efforts. Mr. Itkin holds an MBA from California State University, Northridge and is an active member of the Mortgage Bankers Association.

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.

RELATED LINKS:
https://mct-trading.com/about/team/ben-itkin/
https://mct-trading.com/solutions/msr-valuation/
https://mct-trading.com/bam-marketplace-loan-exchange/
https://mct-trading.com/solutions/mortgage-hedging/mctlive/

Mortgage Capital Trading, Inc. (MCT®), a recognized industry leader in mortgage risk management providing pipeline hedging, best execution loan sales and centralized lock desk services, announced today that Ben Itkin has been appointed the new National Sales Director.

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

MCT Integrates with the Fannie Mae Connect Whole Loan Purchase Advice Seller API

SAN DIEGO, Calif. /ScoopCloud/ -- MCT's award-winning capital markets platform, MCTlive!, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Fannie Mae purchase data instantly, instead of waiting to run reports through a Loan Origination System (LOS). The integration also allows MCTlive's Loan Commitment Tracker to automatically draw down outstanding commitments as loans are purchased by Fannie Mae.

"We thank Fannie Mae for again providing leadership in API system to system communication in capital markets. As the largest purchaser of whole loans in the MCT lender client base, integrating to the Fannie Mae Connect Whole Loan Purchase Advice Seller API completes a large step in MCT's roadmap for automating and independently verifying performance reporting," said Phil Rasori, COO of MCT. "By removing manual data entry into the LOS the connection to this API will provide more accurate and timely 'Held For Sale' reporting."

MCT is in the process of working with many whole loan buyers to automate the delivery of their purchase advices into MCTlive! MCT can be contacted to start the process of automating purchase advices for whole loan buyers or sellers.

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.

RELATED LINKS:

https://mct-trading.com/solutions/mortgage-hedging/mctlive/

https://mct-trading.com/contact/

MCT's award-winning capital markets platform, MCTlive!, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Fannie Mae purchase data instantly, instead of waiting to run reports through a Loan Origination System (LOS).

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

California Ferret Owners Submit Ballot Initiative to Attorney General for Legal Opinion, But Attorney General Ignores Civil Code on Domestic Animals

SAN DIEGO, Calif. /ScoopCloud/ -- Non-profit Legalize Ferrets (legalizeferrets.org) announced today that we are disappointed that California Attorney General ignores Civil Code in Domestic Ferret Ballot Initiative.

LegalizeFerrets.org, a ferret legalization grassroots organization, has repeatedly asked the California Attorney General for a legal opinion.

Since the civil code says domestic animals are legal:

CIVIL CODE - CIV

DIVISION 2. PROPERTY [654 - 1422]

There may be ownership of all inanimate things which are capable of appropriation or of manual delivery; of all domestic animals; of all obligations; of such products of labor or skill as the composition of an author, the good will of a business, trade marks and signs, and of rights created or granted by statute.

Every credible source, and even the name states - domestic ferrets are domestic animals Therefore we wanted to know if the state of California officially recognized the domestic ferret as domestic would that mean they're legal? But we never received a reply from the AG.

According to the California Attorney General's website:

* As the chief law officer of the state, the California Attorney General provides legal opinions upon request to designated state and local public officials and government agencies on issues arising in the course of their duties. The formal legal opinions of the Attorney General have been accorded "great respect" and "great weight" by the courts.

Supporters of LegalizeFerrets.org have asked their representatives to make this request without success. So, we filed a ballot initiative in hopes that the title and summary would answer this question.

It was a treacherous journey. The AG's office ignored all our questions. We dealt with the Legislative Analyst's office and the Secretary of State's office - all successful; those people were friendly and helpful. But we could not get an answer on how to submit the ballot initiative from the AG until a Democratic Party activist with the state of Alaska gave us a contact phone number at the Secretary of State's office. Anabel Renteria finally emailed us with the suggestion:

You can submit your initiative anytime, in person, at the following address:

Department of Justice
1300 I St.
Sacramento, CA 95814

Five weeks later the title and summary were posted on their website:

California law identifies ferrets as wild animals that are restricted because "such animals are undesirable and a menace to native wildlife, the agricultural interests of the state, or to the public health or safety." Current law and regulations make it illegal to own ferrets as pets without a state permit.

No mention of the conflict between California's civil code which allows ownership of all domestic animals and other, namely Fish and Game Code which says:

* FISH AND GAME CODE 2116: Put ferrets in a group of wild animals. Says they are "not normally domesticated in this state as determined by the commission."

* FISH AND GAME CODE 2118: It is unlawful to import, transport, possess, or release alive into this state, except under a revocable, nontransferable permit as provided in this chapter and the regulations pertaining thereto, any wild animal of the following species: (ferrets are included in this list).

* (CCR), title 14, section 671: (a) It shall be unlawful to import, transport, or possess live animals restricted in subsection (c) below except under permit issued by the department. (You know ferrets are included in this list)

* (CCR), title 14, section 671: (b) The commission has determined the below listed animals are not normally domesticated in this state.

Why are these codes relevant but the civil code allowing ownership of all domestic animals isn't even mentioned?

Why won't the AG's office even communicate with us? We have a very valid and sincere question.

Facts are stubborn things. No one states that the domestic ferret is a wild animal. No one believes they are "wild," "undesirable," or a "menace." They are legal in 48 states without any negative consequences.

Learn more at: https://www.legalizeferrets.org/

Non-profit Legalize Ferrets (legalizeferrets.org) announced today that we are disappointed that California Attorney General ignores Civil Code in Domestic Ferret Ballot Initiative. The ferret legalization grassroots organization, has repeatedly asked the California Attorney General for a legal opinion.

Related link: https://www.legalizeferrets.org/

El Pollo Grill is THE San Diego Mexican Food Spot for 2022 Foodies

CHULA VISTA, Calif. /ScoopCloud/ -- The team at El Pollo Grill knows that a new year brings with it new opportunities for patrons to have wonderful culinary adventures at their 3 dining establishments (Lemon Grove, Otay Ranch, and Bonita Rd. in Chula Vista). Although the focus is on the future, El Pollo Grill has a rich history that continues to shape the business.

Family owned-and-operated, El Pollo Grill first opened its doors in 1987 when founders Rafael and Constanza Lopez assumed control of a small existing restaurant in Lemon Grove called Pollo Charro. In addition to serving their signature marinated and flame broiled chicken (prepared "The Lopez Family Way"), the couple reshaped the menu to incorporate recipes that had been in their families for generations. El Pollo Grill quickly found great success as both a restaurant and food catering company, eventually opening up two more locations.

El Pollo Grill provides a variety of dishes lovingly prepared in the kitchen and served for dine-in customers as well as takeout and delivery orders. In addition to classics such as tacos, burritos, and quesadillas, they also have flame broiled chicken meals for individuals and families along with wildly popular weekly specials. El Pollo Grill is also the home of the 619 Cali Quake Burrito Challenge and the #TatisTacos giveaway during the MLB season.

Food catering is another vital part of what El Pollo Grill offers, with individuals and businesses across the San Diego region relying on them to prepare dishes for events and other gatherings. Thinking "outside the tortilla" and wanting to meet the needs of as many patrons as possible, El Pollo Grill's catering menu goes beyond Mexican cuisine to include BBQ, Italian, fresh fish of the day, and even breakfast options.

As their website indicates, El Pollo Grill cares deeply about giving back as much as possible to the incredible communities it serves. They recognize how much San Diego has given to their family over the years, and in turn are proud to frequently participate in fundraising efforts with local youth sports organizations, schools, non-profit organizations, and more. Those with fundraising ideas looking for support can contact El Pollo Grill by phone or online. The company also gives out complimentary meals to those in need via nominations through social media.

This year El Pollo Grill is excited to continue serving its cherished family recipes to long-time customers and new patrons alike. While it has been close to 35 years since Rafael and Constanza Lopez began their restaurant & catering adventure, the team remains fully committed to crafting top-quality dishes made from the freshest and most flavorful ingredients available. For those in Lemon Grove, Chula Vista, and across San Diego, there is truly no better spot for Mexican food year round.

El Pollo Grill currently has 3 locations in the greater San Diego area. El Pollo Grill - Bonita is located at 3041 Bonita Rd Ste 105 in Chula Vista, and can be reached by calling (619) 653-1902. El Pollo Grill - Lemon Grove is located at 7836 Broadway in Lemon Grove, and can be reached by calling (619) 697-7153. El Pollo Grill - Otay Ranch is located at 2015 Birch Rd Ste 2003 in Chula Vista, and can be reached by calling (619) 934-1300.

For more information visit https://www.elpollogrill.com/

RELATED LINKS:

https://www.elpollogrill.com/our-history

https://www.elpollogrill.com/menu

https://www.elpollogrill.com/bonita-new

https://www.elpollogrill.com/otay-ranch

The team at El Pollo Grill knows that a new year brings with it new opportunities for patrons to have wonderful culinary adventures at their 3 dining establishments (Lemon Grove, Otay Ranch, and Bonita Rd. in Chula Vista). Although the focus is on the future, El Pollo Grill has a rich history that continues to shape the business.

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

ReverseVision Recruits Marketing Maven Scott Shepherd to Elevate Brand and Support Growth

SAN DIEGO, Calif. /ScoopCloud/ -- ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced that seasoned marketing executive Scott Shepherd has joined the company to head its marketing efforts. As head of marketing, he oversees ReverseVision's marketing department and is responsible for the design and implementation of its new marketing strategy.

Founded in 2007, Shepherd joins ReverseVision at a turning point in the company's history as the market leader in reverse mortgage automation solutions. ReverseVision has been putting in place the necessary building blocks to support an increasing need for reverse mortgage products among lenders and borrowers.

"I am elated to join the highly passionate, dedicated team at ReverseVision and look forward to taking its marketing and branding to the next level," said Shepherd. "Following a high-volume re-fi boom, the mortgage industry's changing business landscape is ripe to increase the adoption of reverse loan products via multiple delivery methods. ReverseVision is well-positioned to capitalize on these opportunities, while helping the mortgage industry expand and evolve with these much-needed loan products."

Shepherd has an extensive marketing background and a proven track record of successful execution in marketing, communications and branding. Over the course of six years, he was central to the development and growth of the eOriginal brand into one of the preeminent digital mortgage lending platforms in the country, ultimately leading to an acquisition by Wolters Kluwer in 2020.

Prior to joining ReverseVision, he headed the marketing strategy at Unleashed Technologies, a web development and digital services firm with commercial and non-profit clients in multiple vertical markets, including financial services. His strategic marketing efforts resulted in the company successfully positioning its solutions in an easy-to-understand, digestible manner for prospects.

Over the course of his career spanning more 25 years, Shepherd developed a broad base of knowledge involving nearly all facets of marketing in multiple industries within different sectors. He has managed marketing communications for several companies ranging from non-profit entities, private, international, government, education and consulting firms. In addition, he has been an editor, journalist and a public relations specialist.

"We welcome Scott to the team at ReverseVision and since joining us, he's already had a positive impact internally and externally," said Bill Mitchell, CRO at ReverseVision. "Scott is an experienced marketing professional who is accustomed to working in fast-paced, dynamic environments operating in growth mode. We are lucky to have him on board at a pivotal juncture as we experience a surge in demand for reverse mortgage technologies."

Scott holds a B.A. in journalism from Buffalo State College and an M.S. in management with a focus in marketing from the University of Maryland.

About ReverseVision:

Since 2007, ReverseVision (RV) has been the leading reverse mortgage technology provider, serving 50 of the top reverse mortgage lenders, 100 percent of reverse investors, and more than 10,000 daily users. RV's award-winning technology offers new APIs (Reverse-as-a-Service) that open the total addressable market, creating new technology synergies that allow forward and reverse mortgages to coexist in the lender's core systems, helping break down adoption barriers so that mortgage bankers can serve their borrowers for life.

ReverseVision's core platform, ReverseVision Exchange (RVX), is comprehensive and proven to automate the entire reverse lending process from origination through secondary marketing. The company's technology is being successfully leveraged as a springboard that helps lenders get into the reverse space easily and efficiently. For more information, visit https://www.reversevision.com/.

ReverseVision®, the leading national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, announced that seasoned marketing executive Scott Shepherd has joined the company to head its marketing efforts. As head of marketing, he oversees ReverseVision's marketing department and is responsible for the design and implementation of its new marketing strategy.

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

LANtelligence Becomes a Matrix Networks Company to Create a Connectivity First CX-Automation Powerhouse

SAN DIEGO, Calif. /ScoopCloud/ -- Matrix Networks announced its recent acquisition of LANtelligence to create a new business venture enabling a powerful combination of modern business technology. Having informally shared resources for more than 10 years, it just made sense for these two companies to come together in a more structured way.

While each provided communication solutions and top-notch customer service and support, they had different focal points. LANtelligence focuses on driving automation with an unrivaled CX practice. Most recently taking huge strides in the Intelligent Virtual Agent (IVA) space, revolutionizing contact center environments.

Matrix Networks built out an equally impressive practice that emphasizes managed connectivity solutions, essentially optimizing and simplifying business Internet and data infrastructure. Matrix Networks has also built out a strong practice around the protection of end users with modern end-point security solutions. While each organization is equally impressive on their own, together their ability to serve clients becomes much greater, allowing a true end-to-end solution.

Martin Tracey, CEO, LANtelligence, says that this acquisition creates a solution provider that is very rare today. Tracey shared It can deliver everything from enterprise communications and network infrastructure to connectivity strategies and more.

"Managed service providers are all Microsoft, software and the security specialists," he says. "Very few have any network and carrier and none have any automation and IVA/CCaaS. And, yes, you have companies such as Amazon and Google, but they are product-specific and can only do some of the automation. We can take on projects that would otherwise require two to four different companies working together to match what we can do as a single unit. That's pretty impressive."

Kyle Holmes, president, Matrix Networks says that he's equally thrilled to join forces with LANtelligence.

"LANtelligence adds a deep bench of contact center experts and clients with demand for modern security and networking solutions," he says. "Most importantly, our long-term relationship and shared core values allow us to quickly join forces and adhere to our mission statement: 'Delivering exceptional client experiences through innovative solutions made simple.'"

About Matrix Networks

With more than three decades of experience, Matrix Networks has developed a proven method for discovering, testing, deploying and supporting business technology solutions on which its clients can depend. Its close-knit team is passionate about delivering technology solutions that simplify IT projects and support.

For more information, visit: https://www.mtrx.com/ and https://www.lantelligence.com/

Matrix Networks announced its recent acquisition of LANtelligence to create a new business venture enabling a powerful combination of modern business technology. Having informally shared resources for more than 10 years, it just made sense for these two companies to come together in a more structured way.

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