API’s & Software Integrations: Automating Data Transfer Since 2012
In order to effectively facilitate billions of dollars in transactions quickly and accurately, MCT’s flagship software platforms leverage robust Application Programming Interfaces (API’s) as well as an array of software integrations. These tools allow approved third-party systems to share data with MCTlive!®, MCT Marketplace, and MSRlive!™ in real-time, which supports automation, improves reporting, and eliminates the inconvenience and errors associated with manual data entry.
Since its official launch in 2017, MCT Marketplace has been the industry’s only API for digital whole loan trading.
Read about the current developments and long history of MCT’s API and integrations below. Contact us to learn more about getting connected.
bid tapes exchanged daily
billion committed volume/month ($)
hours saved on average per loan sale
Latest API Developments
- PennyMac API Connectivity for Pricing & Commitment
- OAuth 2.0 Authentication
- Web Hooks Allowing Real Time Bid Tape Transfer
- Investor Additions to Bid Tape MTM and Bid Tape AOT Tri-Party Automation
Fully-Integrated Investors on the MCT Marketplace Whole Loan Trading Platform
Although MCT Marketplace has achieved 100% adoption among the investor aggregator community, these investors leverage API’s and advanced features like tri-party agreement automation for AOT transactions to provide the best experience to MCT sellers.
Related Releases for the MCT API & Integrations
Read related blog posts and press releases related over the past few years. Creating systems that work with minimal data entry using robust API’s has been pivotal in the development and adoption of MCT software. Learn more specifics in these articles.
In this case study, Mr. Cassetta describes how MCT’s Rapid Commit enables him to sell loans to Fannie Mae five times faster than his previous manual process. His use of the tool also helps Ruoff keep up with periods of increased volume like increases seen during the Spring of 2020.
UPDATE Jan. 23, 2020 – MCT is proud to announce that on December 18th they became the first organization to connect lenders to Fannie Mae’s Loan Pricing API via its Bid Auction Manager (BAM) loan trading platform for live Servicing Marketplace® (SMP) pricing.
UPDATE Oct. 10, 2019 – MCT is proud to announce the addition of the Freddie Mac Cash-Released XChange browse price API to the integration between Freddie Mac and the MCTlive! platform. Leveraging the browse price API, MCTlive! lenders can now accurately and conveniently utilize Freddie Mac Cash-Released XChange in their best execution analysis.
Lenders using MCT’s loan pipeline management software, MCTlive!, received bid tape pricing at the loan level on their open pipeline in year-end mark-to-market reports, a major improvement over the rate sheet and direct trade pricing typically used for this purpose and the first step in addressing a recent crisis in derivative asset pipeline valuation.
SAN DIEGO, Calif., Nov. 7, 2018 – MCT announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager™ (BAM) whole loan trading platform in order to shield borrower addresses from being shared with non-buying entities throughout the whole loan bidding process.
SAN DIEGO, Calif, Oct. 5, 2018 – MCT announced that new investor bid tape assignment-of-trade (AOT) loan sale executions are now available for sellers using its Bid Auction Manager (BAM) whole loan trading platform.
SAN DIEGO, Calif, Aug. 3, 2018 – MCT announced automation of the Tri-Party Agreement required between lenders, investors, and broker-dealers during Assignment Of Trade (AOT) transactions in the secondary market. The functionality is built into MCT’s Bid Auction Manager™ (BAM) to improve efficiency for what is expected to be a game-changing new delivery option for the secondary market.
COSTA MESA and SAN DIEGO, California, May 21, 2018 — LendingQB and Mortgage Capital Trading (MCT) announced today an integration between the LendingQB loan origination platform and the new Bid Auction Manager (BAM) technology within the MCTlive! secondary marketing software platform. Combining the two systems enables mortgage lenders to utilize a pure digital ‘closed loop’ secondary marketing process, drastically reducing time and cost while improving loan sale profitability.
SAN DIEGO, Calif., Oct. 16, 2017 – Mortgage Capital Trading, Inc. (MCT) announced that it has gained unprecedented industry-wide technology adoption among the investor aggregator community. MCT officially unveiled the Bid Auction Manager™ (BAM) within its capital markets software platform, MCTlive!, in July of this year.
SAN FRANSISCO, Calif, July 19, 2017 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced at the California Mortgage Bankers Association’s (CMBA) annual Western Secondary Market Conference held in San Francisco that it has released new secondary marketing technology to improve the industry’s existing loan sale practices. Dubbed Bulk Acquisition Manager™ (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and MCT’s team of mortgage loan traders.
SAN DIEGO, Calif., April 17, 2017 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, announced that it has completed an integration between its secondary marketing solution and PCLender’s loan origination system (LOS).
PALM SPRINGS, Calif., Jan. 23, 2017 – Independent Mortgage Bankers Conference – OpenClose® an enterprise-class, multi-channel loan origination system (LOS) provider, and Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing technology firm, jointly announced they developed an integration that eliminates manual intervention and streamlines the delivery of loan data
SAN DIEGO, Calif., Sept. 7, 2016 – Mortgage Capital Trading, Inc. (MCT) has entered into a strategic collaboration with Fannie Mae® to facilitate new technology deployment, collaborative planning, and better service to mutual clients. The initial impact of this collaboration is to enable MCT to connect to live Fannie Mae pricing for real-time distribution to mutual clients within the MCTlive! platform.
OpenClose and MCT Streamline the Loan Sale and Purchase Advice Process for Secondary Marketing Departments Mutual lender clients can utilize new functionality to extract, pass and populate loan-level data into OpenClose’s LOS, saving huge amounts of time NEW YORK, May 16, 2016 – MBA National Secondary Market Conference & Expo– OpenClose® an enterprise-class, multi-channel loan origination […]
LendingQB and Mortgage Capital Trading Announce Enhanced Interface for Streamlined Secondary Marketing Enhancement to MCT HALO-Link interface automatically imports investor commitment data to LendingQB LOS SAN DIEGO, Calif., May 11, 2016 – LendingQB, a SaaS LOS solutions provider for the mortgage lending industry, announced that it has completed an enhanced interface to Mortgage Capital Trading […]
Lenders and whole loan buyers save hundreds of hours previously spent on manually transmitting bid tapes thanks to MCT Marketplace API’s. These efficiency gains are accentuated when leveraging new loan execution options such as bid tape AOT.
Phil Rasori
COO & Creator of MCTlive!
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