Weekly Technology Improvement Series:
BAM Marketplace features recent improvements on both the buy side and the sell side.
One of the primary functionality enhancements is in the Autobid software, which has new features for granularity on pricing and margins on bids.
For certain types of loans, investors can now easily manage pricing for sellers via new margining features on loans with specified value payups that allow the user to define in either bps or as a % of the total payup.
For example, maybe you want 50 bps and 50% of the spec payup on a particular loan.
Specs for Fannie, Freddie, and GNMA are handled in different ways and the new functionality in MCTlive! provides users the ability to load their own spec payup grid or use the derived payups to margin off of.
You can now build out your own programming rules. So, for example, on a Freddie cash retained loan, you can now choose from all applicable spec values and get as granular as you want on the filters.
It will recalculate daily pickup as the spec values get updated. It will also display a hit to price on a global level, such as for a low loan amount, and can adjust on a client level for loan attributes.
Our new multifactor rule builder for margins and overlays really drives home your point of being a self-managed, very sharp pricing tool for buyers.
This tool allows you to combine any attribute to define when a rule should apply. So, if you want a 5pt hit on loans with a PIW, TX, < 640 FICO, > 80% LTV, MH, for 5 of your sellers. You can do that!
In an effort to inform you of these real time enhancements this series will review the latest MCTlive! innovations and functionality updates. Join our newsletter to be updated on new releases.
This series focuses on technology updates to MCTlive!, MCT’s award-winning loan pipeline management software.
MCTlive! Features include:
- 100% Cloud-Hosted, Web-Based, Real-Time Functionality
- Multidimensional Pull-Through Analytics
- Bid Auction Manager (BAM) Loan Trading Platform
- Electronic TBA Trading
- Rapid Commit for Agency Delivery
View All Rasori’s Relentless Releases
MCTlive! Client Profile Tab – Paul’s Tip of the Week
In Paul’s Tip of the Week, we look at the Client Profile tab in MCTlive!, which brings some basic information in an easily accessible spot within MCTlive!
Features Overview: Fannie Mae Purchase Advice API – Rasori’s Relentless Releases
In MCT’s latest installment of Rasori’s Relentless Releases, Phil Rasori covers the new Fannie Mae purchase advice API. View the episode to get the scoop on these timely updates.
MCTlive! Mobile App Updates – Rasori’s Relentless Releases
In MCT’s latest installment of Rasori’s Relentless Releases, Phil Rasori covers the features of the MCTlive! Mobile App. View the episode to get the scoop on these timely updates.
Fannie Mae Purchase Advice API – Paul’s Tip of the Week
In Paul’s Tip of the Week, we look at how MCT completed the first integration to Fannie Mae’s new API for loan sale purchase advices.
MCTlive! Pool Optimizer – Rasori’s Relentless Releases Episode 8
The unique interface between the MCTlive! Pool Optimizer and the Agile MBS pool bidding tool. Similarities and differences that exist between agency cash window commitment optimization and pooling optimizations
“Can’t Go” and “Must Go” Investors – Paul’s Tip of the Week
In Paul’s Tip of the Week, we look at how through custom eligibility and ready for sale identification a user can streamline their best ex in MCTlive!
Dealer Exposure and Volume Limits – Paul’s Tip of the Week
In Paul’s Tip of the Week, we look at MTM and Volume limits for clients working with dealers in MCTlive!
BAM Marketplace Bid AOT – Rasori’s Relentless Releases Episode 7
Rasori's Relentless Releases Episode 7: BAM Marketplace Bid AOT Download our recent educational whitepapers "Ginnie Mae Field Guides - Part 1 & 2" for which this webinar is based. Register for Webinar [gravityform id="41" description="false" ajax="true"...
Agile Pooling Functionality – Paul’s Tip of the Week
MCT is now the first company to be able to leverage the pooling functionality powered by Agile Trading Technologies. Agile, the new way to quote MBS, is bringing mortgage lenders and broker dealers on to a single electronic platform.
Data Writeback – Rasori’s Relentless Releases: Weekly Technology Improvement Series
In MCT’s latest Rasori’s Relentless Releases, we discuss data writeback in MCTlive!.