MCT’s Investor Services Technology Improves the Buyer Experience
MCT has developed award-winning technology for residential mortgage investors to help scale their seller base, automate the bid process, source whole loan and flow co-issue production, automate AOTs, and analyze performance all in a cost-effective manner.
Watch and Learn More About Our Investor Services Program
Watch our short video to learn how MCT’s Investor Services division pairs industry leading expertise with the products listed below.
- BAM Marketplace ® is the world’s first truly open mortgage loan exchange, where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.
- BAMCO brings flow co-issue MSR transactions directly into BAM Marketplace ®, making the process of MSR price discovery more convenient, flexible and transparent. BAMCO supports SRP pricing grids or live, flow-based loan-level MSR pricing.
- CRA Marketplace lets buyers filter through the aggregate hedged MCT pipeline of loans to gain transparency into what types of loans are available in a specified footprint and more efficiently source their CRA needs.
- AutoAOT automates the bid tape AOT loan sale delivery and the Tri-Party Agreement required between lenders, investors, and broker-dealers during AOT transactions.
- AutoBid automates the process of pricing bid tapes and accepting commitments. No more organizing, normalizing, pricing, or returning bid tapes and commitment requests via spreadsheets and email.
- Investor Analytics is MCT’s proprietary historical database of best execution analysis and loan sales, featuring unique reporting and visualizations designed to optimize investor pricing and build market share.
Features of Investor Services
MCT’s Investor Services has identified primary factors critical for an investor’s ability to improve loan sale efficiency and profitability while standing out amongst the crowd.
Faster Pricing and Commitments
Investors to return bids and commitments within a specific time frame.
Bid Tape AOT Delivery Channel
Offer full-featured bid tape AOT delivery options with features like immediate acceptance, automatic blending, and tri-party automation.
Data Encryption in Transit and At Rest
The software ensures non-public information is encrypted when the data is in transit and at rest, and never transmitted via email.
Access More Sellers
View and price bid tapes for all participating sellers, even if they are not currently approved.
Bid Tape Pricing for Market Valuations
Provide accurate indicative bid tape pricing on MCT client mark to markets, giving investors more exposure while helping their clients solve the discrepancy between rate-sheet-based indications and realized bid pricing on hedged loans.
Investor Services & Technology Suite Overview
For investors committed to improving their seller experience, MCT is happy to offer a suite of solutions to help achieve that goal. MCT’s Investor Services Program contains a full suite of software innovations including BAM Marketplace ®, BAMCO, Investor Analytics, AutoAOT, and AutoBid which provide a foundation for buyer and seller success. View this section to learn more about our award-winning secondary marketing software.
MCT has developed the industry’s first truly open loan exchange with the necessary tools for buyers and sellers to transact regardless of approval status. With BAM Marketplace ®, both established and new investors now have an out-of-the-box solution that drives efficiency and scale to the loan acquisition process, maximizing their chances of success.
BAM Marketplace ® facilitates bids between unapproved counterparties using MCT’s patent-pending Security Spread Commitment. Rather than committing to a fixed price, buyers bid in the form of a spread to the underlying security associated with the loan, giving the seller certainty while allowing market movement to continue.
Industry's Largest Group of Sellers on an Easy to Use Marketplace Platform
Granular & Low Maintenance Margin Management
BAMCO, the newest technology to enhance BAM Marketplace ®, offers a new, more efficient way to conduct co-issue loan sale transactions. BAMCO offers expanded execution options for sellers while providing new client acquisition options for buyers, creating a more convenient way to conduct co-issue transactions. BAMCO provides sellers with the ability to incorporate co-issue pricing from MSR buyers on the platform into the best execution analysis, regardless of approval status. MSR buyers on the platform have the benefit of reaching a broad audience of lenders who are seeking a co-issue partnership as part of their execution strategy.
BAMCO brings the MCT client base more granular and transparent execution options by showcasing flow MSR bids from buyers with whom they are both approved and not approved with at the time of the transaction. Co-issue buyers have the option to deliver loan-level bid tape co-issue pricing or standard grid-based co-issue pricing.
MSR Pricing Shown for Approved & Unapproved Buyers
Deliver Pricing with Standard MSR Grid-Based or MSR Loan-Level Bid Tape Pricing
Expanded Execution Options for Sellers & Increased New Client Opportunities for Buyers
Case Study: On Q Financial Grows Correspondent Channel Through BAM Marketplace ®
We recently had the chance to speak with Angela Wooldridge, VP of Margin Management at On Q Financial, which is leveraging MCT’s, newly-released BAM Marketplace ® loan exchange to launch and grow its correspondent channel. On Q Financial also utilizes MCT’s Security Spread Commitment and MCT AutoBid technology which has helped to give buyers on the platform unparalleled access to new sellers.
CRA Marketplace gives buyers the ability to filter through the aggregated MCT hedge pipeline of loans to see all loans that are available, not just what is closed. Buyers can filter by or upload specific census tracks, along with a number of MSA and other market driven loans characteristics to help source loans in their footprint.
View All Loans Available, Not Just What is Closed
Filter by or Upload Specific Census Tracks
Launch, automate, and manage your bid tape AOT delivery channel with MCT’s AutoAOT® software. The benefits of bid tape AOT have made it a must-have feature for sellers when evaluating new buyers. MCT has removed the nuances of paperwork and third party approvals can be a challenge for investors looking to offer this option.
Automate the features sellers are looking for – like immediate acceptance, automatic blending, and tri-party automation using AutoAOT.
AutoAOT offers automatic blending for clients leveraging the tool.
AutoAOT offers immediate acceptance on your AOT transactions.
With MCT’s industry-leading AutoBid software investors can leverage agency API connections and granular margin and restriction functionality to accurately generate bid pricing on the types of loans they want to buy. With full support for spec pay-ups and MSR values, whether utilizing MCT’s MSR group or another third party, investors can ensure they’ll be generating the most accurate bid at any point in time. Investors can also choose from several common loan characteristics to margin & restrict by or leverage the multifactor functionality to set up more complex rules.
MCT’s proprietary historical database of best execution analysis and loan sales. Unique reporting and visualizations designed to optimize correspondent pricing and build market share at the aggregate, lender, and loan level.
Contact us today to learn how Investors are leveraging Investor Analytics to identify opportunities to build market share.
Hedge Advisory: Latest News & Educational Articles
In this article, we will discuss current market outlook, mortgage industry bell-weathers, and how to emerge on the other side of the economic cycle ahead of the competition.
We wanted to broach three newsworthy stories from 2023 that have not been addressed in the weekly commentary: changes to the Loan Level Price Adjustment (LLPA) matrix, Wells Fargo’s exit from the correspondent lending space, and the U.S. breaching its debt ceiling.
After six consecutive rate increases of 50 BPS or more, as expected, the Fed raised rates by 25 BPS today (Wednesday), lifting fed funds to a new target range of 4.5-4.75%. More importantly, the committee continued to promise “ongoing increases” in overnight borrowing costs as part of its ongoing and unresolved battle against inflation. By keeping the promise of future rate hikes, the Fed pushed back against investor expectations that it was ready to signal the end of the current tightening cycle.