Weekly Technology Improvement Series:
Cash-Window APIs
Published 8/18/2021
With MCTlive!, all your bids are tied directly to the cash window through our live, on demand, APIs with Fannie Mae and Freddie Mac. Once posted, live pricing from Fannie/Freddie is available with the click of a button.
Even if the market moves between pricing and hitting the bid, you don’t have to worry about delayed rate sheet updates or a dislocation between TBAs and cash window price changes.
A full browse price integration to ALL cash window executions provides assurance that you are receiving the most up to date pricing for your best execution and front-end pricing.
This live browse with the agencies feature allows you to pull in a base price, SRP, spec, and LLPAs, for an accurate all in price, to make retained or released decisions, with SMP (Fannie), CRX (Freddie), and CTOS (Freddie).
Once a best ex analysis is completed (fee adjusted and eligibility included), a lender can easily commit to all of the cash window iterations available.
The ability to select commitment pricing directly from the cash window helps maximize profit and save time in the process of selling loans. MCT® is continually optimizing our capital markets software to keep up with the current market space.
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
Case Study: On Q Financial Grows Correspondent Channel Through MCT Marketplace
In this case study, On Q Financial’s VP of Margin Management, Angela Wooldridge, documents how the company used MCT’s newly-released BAM Marketplace loan exchange to launch and grow its correspondent channel. On Q also utilizes MCT’s Security Spread Commitment and AutoBid technology which has helped to give buyers on the platform unparalleled access to new sellers.
Case Study: Homestar Financial Corporation Improves Performance With Business Intelligence Platform
In this case study, Mr. Miles explains how he is leveraging MCT’s Business Intelligence Platform software to glean impactful insights into rates, pricing, and the industry.
Case Study: Alpha Mortgage Gains a Competitive Edge with MCT Marketplace
In this case study, Mr. Collins describes how MCT’s BAM Marketplace enabled him to decrease his average approval times with buyers and achieve an impressive pickup on committed loan volume while delivering via mandatory executions.
HousingWire & MCT Webinar – Unlocking Profitability: How To Navigate Secondary Marketing Challenges
The loan sale process has contributed to recent challenges in the secondary market. An open loan exchange mitigates risk and unlocks profitability. In this webinar, MCT’s Phil Rasori and Justin Grant, as well as OnQ Financial’s Angela Wooldridge and Alpha Mortgage’s Genesis Collins reviewed bidding regardless of approval status, mitigating risk, and increasing profitability.
MCT Webinar: Building a Correspondent Channel with MCT Marketplace
View the recording from Wednesday, June 23rd at 10AM PT as we conduct an in-depth review of buyer features and benefits of the platform, including a demonstration of MCT’s AutoBidTM.
MCT Introduces MCT Marketplace, the First Truly Open Mortgage Loan Exchange
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.
MCT Industry Webinar: Introducing MCT Marketplace
Join us on June 9th at 10AM PT for a formal introduction to the platform, where we will discuss the process, features, and competitive benefits of the world’s first truly open loan exchange platform.
How Mortgage Loan Prices Are Determined by Lenders
In this article, we will provide a detailed explanation for how mortgage prices are determined, reviewing all the factors that influence mortgage lenders’ pricing decisions in the secondary mortgage market.
MCT Webinar: Strategies for Credit Unions to Add Value to Members
In collaboration with CUREN and MGIC, MCT will examine credit union’s process flow to identify potential improvements in areas such as secondary marketing, technology, automation, and business processes. The strategies explored in this webinar amount to over 50 basis points of potential improvement to margins based on the experiences of Credit Unions who have put them to use….
Case Study: Ruoff Mortgage Adds Efficiency with Rapid Commit & Fannie Mae
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.
