Business, Free News Articles, Product Launches, Software

MCT Introduces BAM Marketplace, the First Truly Open Mortgage Loan Exchange

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, announced the public introduction of BAM Marketplace™. Originally launched to support existing MCT sellers during the 2020 pandemic liquidity crisis, BAM Marketplace now welcomes new buyers and sellers as the world's first truly open loan exchange between unapproved counterparties.

In the early days of the pandemic, investors bought fewer loans and sellers ran into liquidity issues, especially for specific loan characteristics such as low-FICO government. BAM Marketplace connected distressed sellers with would-be buyers, particularly agency-approved lenders within the MCT client base, some without previous correspondent investing experience. The ability to transact with unapproved counterparties, combined with API-driven automated live pricing, allowed these new buyers to provide a top-tier correspondent experience and quickly build a base of sellers. Today, BAM Marketplace provides quantifiable benefits to lenders of every size for loans of every type.

Sellers benefit by reducing liquidity constraints, growing investor outlets, and increasing loan sale profitability. MCT clients have noted materially improved execution across all loan types. The average spread to cover bids on BAM Marketplace is thirty-two basis points, with that spread extending to forty-six basis points for government production and eighty-nine basis points for low-FICO government loans. Sellers are also finding new outlets for non-owner occupied and second home loans - a key focus area given the new agency limits on such production.

"Gone are the days of a finite set of approved investors, not knowing who has an axe, and incomplete information on who may offer the best price. BAM Marketplace targets systemic issues of limited liquidity and slow turn times for pricing and also helps minimize a lender's exposure to crises and regulatory changes," said Curtis Richins, President at MCT. "It's the only loan exchange where sellers can receive executable bids from unapproved buyers. Through our patent-pending 'security spread commitment', MCT firmly holds its position as the gold standard in best execution and moves one step closer to the ultimate goal - when every loan can be priced by every investor."

Buyers benefit from BAM Marketplace through efficient access to the industry's largest community of sellers and the ability to bid on loans offered by unapproved lenders. Agency-approved lenders can now find unique buying opportunities, even without the prior experience or cost calculations typically associated with launching a correspondent lending channel. MCT's AutoBidTM bid tape pricing solution supports every BAM Marketplace buyer, allowing them to provide automated, algorithm-based live pricing that can be fine-tuned to each seller and loan characteristic.

"By extending the Bid Auction Manager (BAM®) platform, MCT has unlocked additional liquidity and created a turn-key, digital purchasing solution," said Phil Rasori, Chief Operating Officer, MCT. "Proprietary, patent-pending functionality enables immediate access to 'biddable' loan collateral offered by MCT's client base-the largest in the industry."

For MCT clients, BAM Marketplace is part of our core offering with no additional cost or set-up required. It is also available as a stand-alone platform for non-clients.

On June 10, two of MCT's key innovators, Phil Rasori and Justin Grant, will provide a demonstration of the platform and details on the new security spread commitment type. Registration for the webinar is required and easily completed by visiting the BAM Marketplace Industry Webinar registration page: https://mct-trading.com/mct-webinar-introducing-bam-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 Texas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

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

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IMAGE LINK for media: https://www.Send2Press.com/300dpi/21-0520s2p-bam-marketplace-300dpi.jpg

Caption: BAM Marketplace™ is the world's first truly open loan exchange, where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.

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

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles, Software

2021 HW TECH100 Mortgage Award Announces MCT As Leader In Innovation

SAN DIEGO, Calif. -- MCT® was announced as a 2021 HousingWire Tech100 Mortgage Winner. The Tech100 Real Estate Award recognized the most innovative and impactful technology companies serving the mortgage industry forever changing the home sales process. MCT launched and enhanced several technology solutions and services throughout the past year and also achieved company milestones, helping it earn a spot on the latest Tech100 list.

HousingWire's 2021 Tech100 Mortgage winners helped mortgage lenders and servicers deliver outsized growth driven by innovation and impact, taking digital disruption to a new level. The winners were deemed to offer change in helping borrowers, clients and companies forward toward a more innovative and efficient housing market. MCT was selected for the HW Tech100 by a Selection Panel of industry leaders that viewed and voted on submissions based on the "Market Served" category. The final list was reviewed and confirmed by a committee of HousingWire editors.

MCT facilitated whole loan liquidity between sellers and buyers of mortgage loans with a new program called BAM Marketplace®, finding comprehensive outlets on whole loans to ensure competitive execution during all market cycles. BAM Marketplace is a platform within MCTlive!® that integrates with existing lender and investor processes to encrypt bid tapes so that they can be securely, accurately and quickly priced and traded.

"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 stiving to push the ball of what a trusted capital markets partner can offer."

MCT released several other technologies over the past year including the MCTlive! Pool Optimizer® Technology, enabling secondary marketing managers to use actual cash window execution for optimization on each individual loan rather than using a dealer survey for spec pay-ups, and integration with Fannie Mae's Pricing & Execution - Whole Loan® Application that provides live Servicing Marketplace® (SMP) pricing from servicing partners for loan populations of any size

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

This news story was published by the Neotrope® News Network - all rights reserved.