Weekly Technology Improvement Series:
Pricing Granularity
Published 9/10/2021
MCT 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
- MCT Marketplace loan trading exchange
- Electronic TBA Trading
- Rapid Commit for Agency Delivery
View All Rasori’s Relentless Releases
Bid Tape AOT Executions Explained
Join us in this educational post as we recap the best information on these new delivery options introduced in our industry webinar on October 11th, 2018. “Under the right conditions, bid tape AOT offers a prescriptive economic value over other executions.”
MCT® Adds Investors to Bid Tape AOT Tri-Party Agreement Automation in its MCT Marketplace
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.
MCT® Adds Multi-Factor Authentication to its MCTlive!® Secondary Marketing Software
SAN DIEGO, Calif, Sept. 27, 2018 – MCT announced that it has implemented multi-factor authentication (MFA) security protocols, which require multiple methods to verify a user’s identity for logins and transactions.
Inc. 5000 Ranks MCT® on its 2018 Fastest Growing Private Companies List for the Eighth Straight Year
SAN DIEGO, Calif, Aug. 17, 2017 – MCT announced that Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies, has named MCT to its 38th annual list of winners for the eighth year in a row.
What Caused Lender Profit Margin Compression in 2018?
We are proud to introduce our latest whitepaper, What Caused the Lender Profit Margin Compression? by Bill Berliner, for those who are interested in diving into MCT client and market data. We’ll discuss lender competition, decreasing volumes, increased interest rates, and weakening of relative pricing of mortgage-backed securities (MBS) as contributors.
MCT Marketplace Technology Automates Tri-Party Agreement for Investors’ Bid Tape AOT Loan Sale Executions
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.
Mortgage Loan Officer Commission Structure: Margins & Management
In this webinar recap, we will summarize the discussions of our panelists who explain: two drivers of margin compression in the market today, why LO commission management matters for keeping your business profitable, and how to eradicate inefficiencies in calculating LO commissions by leveraging a technology solution.
How to Hedge Long-Term Interest Rate Locks
Expanding a lender’s pipelines of long-term locks allows them to access new sources of production a grow their businesses. This whitepaper will address MCT’s approach to conceptualizing the different risks associated with long-term locks and then hedging the exposure by using TBA forward contracts and/or exchange-traded options.
LendingQB Integration with MCT MCT Marketplace Improves Secondary Marketing Processes for Mutual Clients
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.
American Banker Magazine Names MCT to Inaugural Best Places to Work in Fintech List
SAN DIEGO, Calif, May 8, 2018 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that American Banker magazine named the company to its new Best Places to Work in Financial Technology list. MCT ranked number four out of only 20 companies that were honored.
