Bid Tape Management & Best Execution for Lenders
Bid Auction Manager (BAM)® is a platform within MCTlive!® that integrates with existing lender and investor processes to encrypt bid tapes so that they can be securely and efficiently priced by investors. Investors then load tapes back into MCTlive! where they reside in a centralized bid tape repository that can be easily reviewed to achieve Best Execution. Save time, improve margins, and securely transfer bid tapes with a BAM!
Supercharge Your Loan Sale Process with a “BAM!”
No more hours spent sending, receiving, organizing, normalizing, and reviewing bid tapes from a myriad of investors via unsecure emails every time you do a loan sale. BAM saves time and improves margins, whether you use it to streamline your bid tape management or take advantage of robust Best Execution analysis.
Download this file (PDF) to learn more about the benefits of BAM for mortgage lenders.
Interested in Features for Correspondent Investors?
Live market color, timestamp analytics, shadow bidding, and automated bid tape pricing solutions will support your efforts to measure and win market share. Contact us for more information.
Bid Auction Manager Technology Sparks Industry’s First Open Exchange
BAM MarketplaceTM is the world’s first truly open loan exchange, where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform. A revolutionary new era of maximized liquidity, eliminated barriers, and optimized execution is waiting for you.
MCT clients have experienced average covers such as a pick-up of:
- 46 bps on government production
- 42 bps on loans under $200k
- 89 bps on low-FICO government production.
Join the vanguard of lenders reaping the competitive benefits of BAM Marketplace.
adoption among the investor aggregator community.
bid tapes exchanged daily.
in monthly committed loan volume.
2+ hours saved
by lenders on average per loan sale.
Watch BAM Demo Video
Learn more about Bid Auction Manager from Director of Deployment, Paul Yarborough who will explain more about using the platform for securely encrypting bid tapes and efficiently pricing with investors.
- Import data
- Generate bid tapes
- Post & collect bids
- Run BAM best execution analysis
- Commit to investors
BID TAPE MANAGEMENT
One-click secure distribution, collection, and analysis of bid tapes with your approved bid tape investors.
Anonymized shadow bidding functionality helps you explore potential pickup with unapproved investors, and determine whether to start a conversation.
BEST EXECUTION ENGINE
Review or export a prioritized list of possible executions, commit to investors, and receive confirmations at no additional charge.
RAPID MARKET-ADJUSTED PRICING
Increase speed and organization of the entire pricing process for bulk bid tapes.
COMMITMENT DATA WRITEBACK
Save time and avoid data entry errors through automation of commitment information back into your LOS.
Bid Auction Manager Benefits
PAYS FOR ITSELF – Lenders of every size tell us how the amount of time they save more than pays for the cost of the service, not to mention the protection of margins and possibility to identify valuable new investors.
INVESTOR APPROVED – BAM has achieved 100% adoption among investors participating in the bulk bid tape
channel. Some investors even manage all their seller bid tapes and associated pricing through BAM!
INFORMATION SECURITY – Nonpublic Personal Information (NPI) found in bid tapes is secured in transit and at
rest, and never transmitted via email.
TEST NEW INVESTORS – Explore the possible impact of adding to your investor set with a robust process to
solicit, collect, and analyze shadow bids.
CAPTURE SPEC PAYUPS – Never miss a payup thanks to CRA eligibility scrubbing and the MCT trade desk’s finger
on the pulse of each investor’s axe.
CENTRAL & HISTORICAL REPOSITORY – One organized location for counterparties to access bid tapes. Discrepancy in price upon delivery? Just reference the original tape and associated pricing.
Latest News & Educational Articles About BAM
Credit unions can leverage mandatory loan sale delivery to improve profitability and manage risk with pipeline hedging. This paper discusses that, as well as all the operational changes needed to move from best efforts to mandatory loan sales.
Mortgage Capital Trading®, Inc. (MCT), announced the public introduction of BAM MarketplaceTM. Originally launched to support existing MCT sellers during the 2020 pandemic liquidity crisis, BAM Marketplace now welcomes new buyers and sellers as the world’s first truly open loan exchange between unapproved counterparties.
In this case study, Mrs. Mohr describes how MCTlive!, BAM, and bid tape AOT have enabled her team to realize time savings and efficiency gains along with improved margins.