Awards and Honors, Business, Free News Articles, Real Estate

Percy CEO Charles Williams honored as RISMedia 2023 Real Estate Newsmaker for the second consecutive year

NASHVILLE, Tenn. -- Percy, maker of market intelligence-driven client engagement tools for real estate brokers and mortgage lenders, today announced that CEO Charles Williams has been named an RISMedia 2023 Real Estate Newsmaker. Williams was honored in the Futurist category for innovation in the property technology (proptech) field that has enabled real estate brokerages to close more deals and strengthen client relationships.

The Real Estate Newsmakers award program recognizes housing leaders who have made newsworthy contributions to the real estate industry and have positively impacted the communities they serve. RISMedia editors named six categories of winners: Influencers, Trailblazers, Futurists, Achievers, Crusaders and Luminaries. In 2022, Williams was recognized in the Influencer category.

"It's always so inspiring to see the incredible accomplishments of so many real estate professionals around the country, and this year's group of 2023 Newsmakers takes that concept to a whole new level," said John Featherston, founder, CEO and publisher of RISMedia. "From the creativity and innovation being implemented through our changing times, to industry records being broken, to the wonderful charitable work being done across the nation, we continue to be amazed by the ingenuity and success of these real estate professionals, over 300 of whom we are honoring on our sixth year of publishing Real Estate Newsmakers."

"As a third-generation real estate professional, I've witnessed firsthand the hoops that real estate agents jump through to identify high-intent home buyers and sellers. That's why my strategic vision for Percy centers on demystifying the time-consuming process of cultivating and converting leads," said Williams. "Receiving RISMedia's Newsmaker award for the second consecutive year strengthens my resolve to empower the real estate industry with state-of-the-art tools that harness the power of behavioral data to drive revenue."

RISMedia will honor 2023 Real Estate Newsmakers at a September 6 event held in conjunction with its 2023 CEO & Leadership Exchange. The complete list of 2023 Real Estate Newsmakers can be viewed in RISMedia's online directory or in the February issue of Real Estate magazine.

About Percy:

Percy leverages the power of housing market intelligence to help real estate brokers and mortgage lenders close more deals and build lifelong client relationships. With fully customized web pages and interactive dashboards that hook clients on homeownership data and proprietary market insights for housing professionals, Percy positions brokers and lenders as trusted advisors in the homeownership journey. More than 150 U.S. real estate brokers, including nine of the top 10 brokerages, rely on Percy to differentiate themselves with data. To learn more about Percy, visit https://percy.ai/.

About RISMedia:

For more than 40 years, RISMedia has provided the residential real estate industry with news, trends and business development strategies through its flagship publication, Real Estate magazine; its leading website, RISMedia.com; its premium content channel, Premier; its award-winning Housecall blog; and its iconic networking and educational events, including RISMedia's virtual Real Estate's Rocking in the New Year; RISMedia's CEO Exchange; RISMedia's Power Broker Forum, Reception & Dinner; and RISMedia's Newsmakers Reception & Dinner. Through RISMedia's content programs - including ACE, a turn-key social media content system - real estate professionals share thousands of articles, infographics and videos each day created by RISMedia editors and contributors, helping them influence hundreds of thousands of consumers as they consider buying and/or selling a home. Visit RISMedia.com, RISMedia's Premier, and ACESocial for more information.

Related link: https://percy.ai/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

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

SAN DIEGO, Calif. -- 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/

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

Nomis Solutions Elevates Johnathan Bant to Head of Client Relations for Financial Services Market in Canada

TORONTO, Ontario -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced industry veteran Johnathan Bant will serve as Head of Client Relations for Canada. In this role, Bant is responsible for leading Canadian engagements across Nomis' client portfolio as well as non-customer financial institutions (FIs) across the country.

Over the last 10 years, Bant has held several leadership positions within Nomis. Most recently, Bant was the vice president of consulting for the Canada region. In this role, he oversaw Nomis' Canadian client senior relationships and solution engagements to ensure Nomis' clients' continued success. After six years of success in this role, Bant has transitioned to Head of Client Relations for Canada.

"John is extremely respected amongst Canadian financial services firms for his market knowledge and his knack for listening and helping customers achieve their objectives," said Greg Demas, president of Nomis Solutions. "He is deeply rooted in Nomis' history and serves as a model for what a customer-first mentality looks like. We are thrilled to have him lead client relations across the Canadian financial services market and look forward to what he can achieve in this elevated role."

Bant possesses more than 25 years of banking experience in Canada, covering retail, insurance and wealth management at companies such as FICO, JPMorgan Chase, Experian Canada and Equifax Canada. He graduated from Ryerson University with a Bachelor of Business Administration and earned his Master of Business Administration from McMaster University.

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences.

While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable.

To learn more, visit https://nomissolutions.com/.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software

ACES Quality Management expands client base by 22% in 2022

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the company had record growth increasing its client base by 22% amidst significant market volatility. The company also made numerous updates to its ACES Quality Management & Control® software and its free Compliance NewsHub resource, in addition to launching its inaugural ACES ENGAGE conference.

"2022 was an extremely challenging year for mortgage and financial services professionals, and with the decline in mortgage originations and other pressing economic factors, it was encouraging to see lenders and financial institutions continuing to invest in loan quality and risk mitigation," ACES CEO Trevor Gauthier said. "Given that the challenges we faced in 2022 are expected to extend into 2023, protecting the integrity and liquidity of the assets mortgage lenders and financial institutions are able to produce in today's market is more critical than ever. At ACES, we strive to support mortgage origination, consumer lending, loan servicing and wealth management and more through our robust quality management and control platform and serve as a resource so that all lenders - not just our clients - can keep loan quality and compliance at the forefront of their operations."

ACES launched a new compliance-driven oversight process for ACES CONNECT users via a role-based permission system. Launched last year, ACES CONNECT provides users with the ability to self-remediate audit findings, access reporting and trending data, review audit documents and manage corrective action plans in coordination with their organization's risk department. In addition, ACES CONNECT allows users to have access to the ACES quality control (QC) reporting to provide easy-to-view analytics for senior management along with any designated third parties. ACES was also among the first to update its reporting library within ACES Quality Management & Control software to align with Fannie Mae's reporting recommendations.

In May 2022, ACES ENGAGE brought the nation's top financial services quality management professionals together to discuss industry trends and best practices. ACES ENGAGE will take place again this May in Colorado Springs.

The organization also continued to make efforts to give back through ACES CARES. Established in 2018, ACES CARES encourages employees to make a positive difference in the community through volunteering, outreach and financial contributions to charities and causes close to their hearts. In 2022, the ACES team donated over 1,181 hours of paid and unpaid volunteer hours. Since the program's inception, ACES Quality Management and its staff have donated a total of $33,750 to 58 organizations. ACES CARES offers a dollar-for-dollar match of employee donations to U.S.-registered 501(c)(3) charitable organizations of their choice, the program also supports employees' wellness and community involvement programs.

Additional 2022 achievements for ACES include:

* Producing its free quarterly Mortgage QC Trends Report;

* Executive Vice President of Operations Sharon Reichhardt being named a 2022 HousingWire Insider;

* Presence on HousingWire magazine's 2022 Tech100 Mortgage list;

* Enhancing visibility of question codes within ACES Managed Questionnaires;

* Releasing a new servicing-focused multi-answer managed questionnaire and

* Published 3600 changes and additions to ACES Managed Questionnaires and

* Added and reviewed over 950 articles to the ACES Compliance NewsHub along with close to 200 calendar items.

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

* 1 of the top 3 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Funding and Investment

TMC Emerging Technology Fund LP Invests in TRAiNED

SAN DIEGO, Calif. -- 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/.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Reports and Studies

Critical Defect Rates Rose 6% in Q2 2022 Per ACES Quality Management Mortgage QC Industry Trends Report

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2022. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

Notable findings from the Q2 2022 report include the following:

* The overall critical defect rate increased 6% over Q1 2022, ending the quarter at 2.05% and crossing the 2% threshold for only the third time in this report's history.

* While Income/Employment defects continue to represent the majority of defects reported, its overall share of defects decreased from the previous quarter.

* Loan Documentation defects increased significantly in Q2 2022, with Closing Documentation errors comprising the vast majority of these defects.

* Appraisal defects continued trending downward for the second straight quarter, improving slightly over Q1 2022.

* Purchase share increased in Q2 2022, reflecting the shift from a refinance market, while conventional loan share remained essentially unchanged.

* Although FHA share increased slightly in Q2 2022, defects declined significantly in this category over the previous quarter. Conversely, VA and USDA defects increased remarkably despite only modest gains in review share, with VA defects more than doubling from the previous quarter.

"The geopolitical and macroeconomic events surrounding Q2 2022 are most certainly the driving factors behind the increase in the overall critical defect rate past the 2% threshold. While the Income/Employment category improved tremendously this quarter, significant defect increases in the Loan Documentation, VA and USDA categories are cause for concern," said ACES Executive Vice President Nick Volpe.

Findings for the Q2 2022 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"With interest rates skyrocketing and severe declines in volume and profitability, Q2 2022 was the perfect storm for the mortgage industry. The market disruption combined with increased competition certainly created ample opportunity for loan defects, hence the increase in Q2r's overall critical defect rate," said ACES CEO Trevor Gauthier. "The takeaway for lenders moving forward is to double down on quality control and risk mitigation to protect the volume they can capture and ensure buyback requests don't diminish profits."

Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;
* 8 of the top 10 loan servicers;
* 11 of the top 30 banks; and
* 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Education and Schools, Free News Articles

3rd Annual Synergy Achievement Awards Program Recognizes Partner Districts for Commitment to Stakeholders

MESA. Ariz. -- Edupoint® Educational Systems, creator of the industry-leading Synergy® Education Platform for K-12 student information and learning management, announced this year's Synergy Achievement Awards recipients at its Synergy Connect National Users Conference last month at the Opryland Resort in Nashville, Tennessee. The annual awards program recognizes exceptional application of Synergy functionality to significantly benefit district stakeholders.

Four districts were selected as 2022 award winners. Cobb County School District (GA) and Bassett Unified School District (CA) were awarded $5,000 technology grants, and Chesapeake Public Schools (VA) and Loudoun County Public Schools (VA) were awarded $2,500 technology grants.

"It's a pleasure each year to see how our Synergy Achievement Awards nominees are applying Synergy features and capabilities to fit their districts' unique needs," said Rob Wilson, President and Chief Innovation Officer at Edupoint. "I am happy to congratulate this year's winners, who were selected in recognition of their commitment to maximizing the Synergy modules they have licensed and making everyday tasks easier for all users."

The 2022 awards program received nominations from Edupoint partner districts of all sizes across the country.

About Edupoint Educational Systems:

For over 35 years, the leadership of Edupoint Educational Systems has provided well-designed, technologically advanced student data management systems that empower K-12 stakeholders to improve student achievement. Synergy Education Platform by Edupoint is an industry-leading student data management ecosystem built to fit the way educators already work. Synergy is unique among student data management solutions in providing an array of role-based mobile apps designed to give all stakeholders access to the tools they need when and where they need them. More than 5.5 million students use Synergy in 22 states.

Learn more: https://www.edupoint.com/

RELATED LINKS:

https://www.edupoint.com/Company/Synergy-Achievement-Awards

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

Multi-Bank Securities, Inc. Joins Agile’s Growing Broker-Dealer Network

PHILADELPHIA, Pa. -- Agile, a groundbreaking fintech bringing mortgage lenders and broker-dealers onto a single electronic platform, today announced that Multi-Bank Securities, Inc. (MBS), a veteran-owned, fixed-income securities broker-dealer, has joined Agile's broker-dealer network. The addition of MBS gives lenders on Agile's growing network expanded access to competitive trades and simpler trade reconciliation across Agile's electronic RFQ platform.

"MBS is excited to offer our clients access via the Agile platform. Having worked with many lenders in Agile's network as a partner with Mortgage Capital Trading (MCT) for more than 20 years, we look forward to building on that partnership as we provide our customers with the most innovative trading experience," states Nicholas Mazzeo, Trader - Mortgage-Backed Securities at MBS. Agile clients already approved with MBS will automatically see them added as an option for individual and competitive trading, and clients interested in an introduction can contact Agile or work with their MBS representative for more information.

Agile's mission is to unlock the potential of an electronic marketplace and grow its network of lenders and broker-dealers to efficiently interact with the market and their counterparties.

"We're proud to expand our relationship with MBS and have them join Agile's broker-dealer network," shared Tawab Abawi, Director of Trading & Institutional Sales at Agile. "It has been a pleasure to work with Nicholas Mazzeo and team over the years, and we're happy to provide their loyal customers with the most innovative platform to trade TBAs."

Agile's broker-dealer network now consists of 16 broker-dealers with access to a growing pool of mortgage lenders who trade TBAs. With easy electronic access to new clients and added volume, Agile's electronic RFQ platform and MBS pool bidding provides MBS and all broker-dealers on the platform with increased trading partners and requests, heightened granularity and speed, and an excellent client experience [*NOTE 1].

About Multi-Bank Securities, Inc.

Multi-Bank Securities, Inc. (MBS) is an independent, fixed-income securities broker-dealer that has been serving institutional investors across the U.S. for more than 30 years. MBS has been certified as a Service-Disabled Veteran-Owned Business (SDVOB) by the National Veterans Business Development Council (NVBDC). MBS is headquartered in Southfield, Mich., and serves institutional investors in all 50 states. MBS is registered with the SEC and MSRB and a member of FINRA and SIPC. In addition to offering a full array of fixed-income investment products, MBS underwrites wholesale deposits for financial institutions and is an approved underwriter for Fannie Mae, Freddie Mac, Farmer Mac, the Federal Home Loan Banks and the Federal Farm Credit Banks. Learn more: https://www.mbssecurities.com

About Agile

The industry's first MBS fintech, Agile brings together lenders and dealers of all sizes onto a single platform. Agile facilitates the exchange of TBA MBS by securing and automating communication between mortgage lenders and broker-dealers. Agile digitizes the historically phone-based process to an electronic platform which may improve profitability and efficiency, while reducing administrative errors. Through its competitive TBA RFQ digital platform, mortgage lenders gain access to national and regional broker-dealers previously inaccessible on digital platforms, while broker-dealers gain access to an ever-growing network of lenders. Based in Philadelphia, Agile Trading Technologies supports a national network of clients with a team of capital markets professionals who have deep trading experience at financial organizations of every size. Learn more: https://trade-agile.com/.

NOTES/REFERENCES:

[*NOTE 1] Past results do not guarantee future performance. Source: MCT Study of Digital RFQ Implementation February 2021

Related link: https://trade-agile.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles

ACES Quality Management Upgrades ACES CONNECT® to Enhance Communication, Collaboration on Quality Control Findings

DENVER, Colo. -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced it has enhanced its proprietary ACES CONNECT portal to extend its flexibility and user control capabilities. This enhancement allows ACES administrators to create custom user roles and assign permissions for those roles to fit the needs of their organization. Users can build roles based on granular permissions related to the loan and exception communication process, thus simplifying group management and settings within the portal through the ACES Quality Management & Control® software platform.

"Our commitment to improving loan quality through our industry-leading technology and exemplary customer service is never satisfied. We continuously keep our ears open and our noses to the grindstone to ensure we're constantly delivering the tools and the knowledge our clients need to support their quality control programs, regardless of whether those efforts are managed internally or externally," said CEO Trevor Gauthier. "This enhancement was a direct result of listening to our clients' needs and making the necessary advancements to our technology to improve communication and collaboration on QC activities."

Launched in May 2022, ACES CONNECT provides enhanced productivity and boosts collaboration in resolving loan defects, requesting or supplying additional documentation, answering questions and concerns and tracking communications within the organization and externally with third parties. Through the portal, users can self-remediate audit findings, access reporting and trending data, review audit documents and manage corrective action plans in coordination with their organization's risk department. In addition, ACES CONNECT provides users with access to the ACES QC reporting to provide easy-to-view reporting for senior management along with any designated third parties. To learn more about ACES CONNECT, request a demo.

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com or call 1-800-858-1598.

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

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Product Launches

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

SAN DIEGO, Calif. -- 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.

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

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