Oct, 04
2023
Business, Free News Articles, Reports and Studies

High Rates and Low Supply Drag Down Mortgage Volume in MCT October Indices Report

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a significant dip of 13.29% in mortgage lock volume over the prior month.

Following the last month-over-month 4.76% drop, this downward trend in mortgage lock volume is attributed to an increase in mortgage rates throughout the last month to high sixes and low sevens as the primary culprit, and lack of supply and unattractive housing values being secondary reasons. "We are hopeful that we will get some better sentiment from the Fed in either its November or December meeting which would allow for some relief for rates," said Andrew Rhodes, Senior Director, Head of Trading at MCT, "But without that, high-interest rates will continue to be the prevailing force weighing on the market."

Eyes in the coming winter months will be on any shift in CPI and non-farm payroll, two indicators the Fed will look to as it makes its decisions for the rest of the winter and into Q1. "As long as those numbers continue to stay strong or in line with the consensus, I believe the rates are going to stay where they are. If we see a strong shift in either direction for CPI or non-farm payroll, that could mean we will either see an increase in rates or we will get more verbiage on pausing and it being close to terminal." states Mr. Rhodes.

Download the full MCT October Indices Report for further information, including year-over-year charts and data. MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint.

About MCT:

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

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

RELATED LINKS:

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

https://mct-trading.com/press-release/high-rates-low-supply-drag-down-mortgage-volume-in-mct-october-indices-report/

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

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

Sep, 29
2023
Awards and Honors, Business, Free News Articles, Software

Mortgage Capital Trading Named Best Place To Work 2023 By SDBJ

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced that it has been named one of the Best Places to Work 2023 by the San Diego Business Journal (SDBJ) 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.

MCT has been headquartered in downtown San Diego for nearly two decades, and during that time, the firm has evolved its "team member first" mindset - focusing on wellbeing and intentional work/life balance. Throughout the pandemic and segueing into the volatile mortgage market the entire industry is currently facing, MCT leadership has continued to prioritize team member needs.

"We are honored to be named the Best Place to Work in San Diego year after year," said Chad Campora, Head of Human Resources. "It's humbling to know that MCT team members feel respected, rewarded, and empowered to bring their best selves to work each day. The tenure among many of our key people is definitely a point of pride."

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 an 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/.

About MCT:

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

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. ID:NEO2022

Sep, 05
2023
Business, Free News Articles, Reports and Studies

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

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

Aug, 31
2023
Elections and Politics, Free News Articles, Government

Opposition to AB-1147 Gains Momentum: Advocates Raise Concerns Over Consumer Voice

SAN DIEGO, Calif. -- Assembly Bill 1147 (AB-1147) is under scrutiny as concerns mount over its potential impact on the voice of consumers and the democratization of decision-making. Leading this charge is Dr. Henny Kupferstein, a vocal advocate and DDS consumer who has rallied opposition against the bill, and who is a candidate for Assembly #77 coastal San Diego 2024. AB-1147 is scheduled for a hearing, and its implications have ignited a wave of concern among consumers and advocates alike.

Henny Kupferstein and a coalition of concerned consumers have voiced their objections to AB-1147, citing a lack of safeguards for consumers' interests. The bill, as it stands, appears to prioritize substantial financial gains for traditional vendors within the $15-billion program, without explicitly addressing consumer protection and advocacy.

"It's disheartening to witness the exclusion of consumer perspectives from the analysis of AB-1147," laments Kupferstein. "This exclusion sends a troubling message about the state of our democracy, making consumers feel voiceless and sidelined in matters that affect them directly."

Kupferstein, in a bold move, has initiated contact with the Senate Appropriations Committee, urging them to reconsider AB-1147 in light of the widespread consumer opposition. This opposition is underscored by consumers' collective demand for the bill's rejection, claiming it would lead to unjustified expenses and an unbalanced distribution of resources.

Notably, consumers of Regional Centers have united in submitting a letter of opposition to the Senate Judiciary Committee. Their aim is not only to register their protest but also to ensure that their voices are heard and acknowledged. The demand for confirmation of receipt of their opposition letter highlights the gravity of their concerns.

Clarifications have been made by Kupferstein, who emphasizes that the sponsor, Disability Voices United (DVU), does not represent consumer interests in their opposition to AB-1147. Kupferstein further urges the Senate to discern individualized consumer voices from DVU template letters, affirming that these templates do not truly reflect the breadth of consumer sentiment against the bill.

In a surprising twist, Dr. Henny Kupferstein, a dedicated consumer-constituent, has announced her Campaign for Assembly #77 coastal San Diego 2024. This underlines the determination of consumers to secure their rights and influence legislative decisions that impact their lives.

For further inquiries, please contact:

Dr. Henny Kupferstein, votehenny@gmail.com or http://www.votehenny.com

As AB-1147 approaches its hearing date, the voices of concerned consumers like Henny Kupferstein ring clear: democracy must be upheld, consumer voices must be honored, and bills like AB-1147 must be critically assessed to ensure their alignment with the interests of those they affect.

See You in Sacramento

Join the movement, and look advocates in the eye on Friday, September 1st, as they gather in Sacramento to occupy the Senate for consumer rights and democratic representation.

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/SyxhCCiYFII

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

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

Aug, 10
2023
Business, Free News Articles, Software

MCT Appoints Steve Pawlowski Head of Technology Solutions to Continue Industry-Changing Innovation

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the appointment of Steve Pawlowski as Managing Director, Head of Technology Solutions. Mr. Pawlowski will be responsible for expanding upon MCT's proven record of driving efficiency and liquidity in the secondary market. He will report directly to MCT's COO, Phil Rasori.

"Steve's technology leadership while at Fannie Mae heralded a new era of capital markets transparency to the lender," said Phil Rasori. "MCT is building on that effort in numerous ways, including initiatives to bring back-end pricing closer to the front-end pricing that mortgage borrowers receive. We're proud Steve will be applying his vision and expertise to MCT Marketplace and other best-in-class software solutions."

MCT Marketplace users include 30% of all correspondent sellers and over 90% of active correspondent buyers, making it the largest whole loan exchange by number of participants in the U.S. market. In addition to whole loans, MCT's software solutions are leading venues for flow servicing, bulk MSR, and TBA transactions.

"MCT was the fastest and most comprehensive technology partner I worked with on API development while at Fannie Mae," said Steve Pawlowski, Managing Director, Head of Technology Solutions at MCT. "I couldn't be more excited to apply my institutional expertise to this agile and committed technology development team."

Mr. Pawlowski will provide leadership on all MCT technology development. He brings extensive industry experience to MCT, including 30+ years with Fannie Mae's Capital Markets and Single-Family Digital Products and Services organizations. Mr. Pawlowski and his team were instrumental in developing Fannie Mae's Servicing Marketplace and the original, first-of-their-kind pricing and commitment APIs.

Contact MCT to learn more about improving profitability and efficiency, whether you are a mortgage lender or buy-side mortgage asset investor: https://mct-trading.com/contact/.

About MCT:

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

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

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

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

Aug, 04
2023
Business, Free News Articles, Reports and Studies

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

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

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

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

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

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

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

About MCT:

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

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

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

MULTIMEDIA:

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

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

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

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

Jul, 07
2023
Business, Free News Articles, Reports and Studies

Monthly Lock Volume Increases 31% in Latest MCT Indices Report

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

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

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

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

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

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

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

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

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

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

About MCT:

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

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

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

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

Jun, 08
2023
Business, Free News Articles, Reports and Studies

MCTlive! Lock Volume Indices: May 2023 Data

SAN DIEGO, Calif. -- 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 May 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 May MCTlive! Lock Volume Indices is broken out by transaction type: purchase, rate/term refinance, and cash out refinance.

May MCTlive! Lock Volume Indices shows that overall lock volume had a stronger downturn in May, compared to the lighter downturn in April. Purchase lock activity was down 15.20% compared to April. Rate/term refinance volume was down 21.88%, and cash-out refinance volume was down 21.77%. Lock activity in total was down 15.87% in total compared to April.

In general, May had a stronger downward trend compared to April, but we should see lock activity begin to climb as the Fed decides if they've reached their terminal Fed funds rate and we move into the Spring. As it stands, total lock activity is down 29.09% from last year. Purchase lock activity sits 23.23% lower than at the same point last year. Rate and term refinance volume is down 41.85% from one year ago, and cash-out refinance volume is down 71.83% over that same period.

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: -15.87%
Purchase: -15.20%
Rate/Term Refinance: -21.88%
Cash Out Refinance: -21.77%

* Index value change year-over-year

Category: Month-Over-Month Index Value Change
Total: -29.09%
Purchase: -23.23%
Rate/Term Refinance: -41.85%
Cash Out Refinance: -71.83%

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/.

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

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

Jun, 05
2023
Advertising and Marketing, Business, Free News Articles, Real Estate, Regional Events

Marie Antonette Waite Ignites the 6th Annual Fire-Up Live: Unleashing Powerful Business Connections at Mastermind Event

SAN DIEGO, Calif. -- Renowned personal branding marketing expert, executive film and TV producer, and CEO at Finest Women in Real Estate, Marie Waite, is thrilled to announce the highly anticipated 6th annual Fire Up Live business networking mastermind event. The three-day event, taking place in San Diego, California, is a remarkable experience for real estate professionals, small business owners, and aspiring entrepreneurs.

Fire Up Live is an immersive networking event that brings together industry leaders, entrepreneurs, and professionals seeking to gain and enhance their knowledge in various business areas. This year, Fire Up Live is set to surpass all expectations with a lineup of exciting activities, including Red Carpet Reality TV Show Premieres, a Real Estate Investing Mastermind Breakfast, engaging workshops, live presentations and celebrity keynote speaker, Keith Robinson!

Marie Waite, the driving force behind Finest Women in Real Estate, has made significant contributions to the field of personal branding and marketing. Her journey began when she founded a real estate brokerage in 2005 and witnessed the struggles many agents faced in establishing their branding and marketing efforts. Recognizing her natural affinity for marketing, Marie decided to channel her expertise towards helping businesses navigate the challenging world of branding and marketing.

"Many real estate professionals and small businesses lack the necessary marketing and branding skills to establish a unique position within their industry," says Marie Waite. "I aim to bridge this gap and help individuals display themselves in a way that attracts others to their personal brand. It's about communicating who you are and the value you bring to each individual, all while bringing your personality and connecting with others."

Finest Women in Real Estate takes a unique approach to marketing programs by emphasizing storytelling and community involvement. The company's focus lies in identifying the niche of each client, highlighting their unique skills and advantages, and leveraging these qualities for effective branding and marketing strategies. Marie Waite has outlined the Six Essential Principles of the Finest Women in Real Estate, which include freedom, integrity, niche, excellence, structure, and trust. These principles form the foundation of her book, "The Six Essential Principles of the Finest Women in Real Estate," which delves deeper into the strategies and philosophies that guide her successful approach.

The 6th annual Fire Up Live event, scheduled for November, promises attendees an unparalleled opportunity to expand their knowledge in real estate, technology, mindset mastery, marketing strategies, strong communication skills, personal branding and public relations, business principles, community development, and social media. It is an event designed to empower individuals and equip them with the tools needed to thrive in the ever-evolving business landscape.

"We want people to open their minds and embrace the creative and strategic aspects of building a successful business," explains Marie Waite. "By trusting the process and understanding that different strategies work for different individuals, attendees can unlock their full potential. Strong relationships with others are a key component to achieving success."

MORE INFORMATION:

For more information about the 6th annual Fire Up Live business networking mastermind event, please visit the official website at: https://fireupconnect.com/fire-up-live/

Learn more about Finest Women in Real Estate at: https://www.finestwomeninrealestate.com/

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

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

Jun, 01
2023
Business, Free News Articles

The Mortgage Collaborative Names Melissa Langdale President

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that it has named active board member Melissa Langdale president. A member of TMC's board since 2021, Langdale's two-decade career spans the mortgage, real estate and construction industries, including executive roles in sales, marketing, operations, compliance, risk, secondary/lock desk and quality control.

"Melissa Langdale is clearly the right fit at the right time for TMC," said TMC Chairman and co-founder David Kittle, CMB. "Her deeply relevant experience, demonstrated leadership qualities and forward-focused vision will enable our Collaborative to achieve its next level goals."

In addition to Langdale's broad professional accomplishments, she has frequently received peer-selected awards from grassroots organizations including home builders, mortgage professionals and the mortgage trade media.

"As a long-time admirer of TMC's lender-centric mission, its expert leadership and its professional staff, I'm honored to be selected to serve as its president," said Melissa Langdale. "It has been both a privilege and a growth opportunity to be an active member and to serve on TMC's board. Our industry is evolving through the current market conditions and the ever-changing technology landscape and I look forward to working with TMC's team to grow our value to members during that evolution."

A Clemson alumnus, Langdale earned her B.S. in Health Administration.

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: https://www.mortgagecollaborative.com/.

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

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

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