Business, Construction and Building, Free News Articles, Real Estate

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

SAN DIEGO, Calif. -- 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 "They often rely on outdated testing methods that provide false negatives 70 percent of the time which is dangerous and gives occupants a false sense of security and perpetuates chronic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

Related link: https://yesweinspect.com/

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, 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

MCTlive! Lock Volume Indices: December 2022 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 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/.

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, Reports and Studies

MCTlive! Lock Volume Indices: November 2022 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 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/.

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, 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/

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

Business, Free News Articles

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

SAN DIEGO, Calif. -- 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/.

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, Reports and Studies

MCTlive! Lock Volume Indices: October 2022 Data

SAN DIEGO, Calif. -- 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/.

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

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

Business, Education and Schools, Free News Articles, Product Launches

New Animation Project Tackles Misinformation, Vaccines for Media Literacy Week

SAN DIEGO, Calif. -- 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

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

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

Awards and Honors, Business, Free News Articles

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

SAN DIEGO, Calif. -- 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/.

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

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