Featured Post: Challenges & Solutions for Correspondent Lending in Crisis
In this post, we have included the latest market updates and the in depth details on current market volatility. We have also included the recording from our live webinar recorded on April 8th. Learn our perspective about the correspondent lending crisis and an overview of current market conditions facing the mortgage industry.
Recent Articles with Market Volatility Guidance
COVID-19 has affected more than just people’s health; it has affected people’s ability to work and pay their mortgage. In this blog post, learn five best practices for secondary and operations managers to manage risk and succeed in times of market volatility.
In this webinar, MCT’s COO Phil Rasori discussed strategies for reviewing quarter-end Mark-to-Market reporting during market volatility. Topics included challenges to execution that were experienced with the divergence of aggregator and agency pricing.
This article will prepare you for the inevitable falling rate environment with suggestions on how to employ rate renegotiation policies to guide your lending staff. Further, we will illustrate three example policies to use during a market rally to manage rate renegotiations.
In this article, we will discuss how to adjust lock desk best practices to transition loan sales from Mandatory to Best Efforts (only when necessary) during periods of market volatility. Click below to read the full post on these considerations.
Are You Getting the Guidance You Need During Market Volatility?
Over the course of the COVID-19 pandemic and associated market volatility, MCT®
has averaged 2 webinars and 3 timely MarketFlash updates per week, on top of daily market commentary and a constant stream of support and communication to lender clients. Some clients had these comments to share:
As your trusted capital markets partner, MCT stands by you during times of market volatility – even if you are not an MCT client.
Recent Client Comments on MCT’s Market Volatility Support
“I cannot even believe how on it you have all been from the moment s*** hit the fan, I could not ask for a better partner, could not imagine navigating this without you, and if you ever need a reference I want to be on the very top of our list.”
“Today was probably the most difficult day, and EVERYONE was amazingly helpful. There are honestly too many examples to point out, I would never have been able to do this without your team.”
“It’s impressive the amount of communication, content, conference calls and materials you’ve provided during this coronavirus period. You guys are real leaders to your clients and the industry.”
“Thanks for all you are doing during these unprecedented times, taking time to keep us informed has been awesome.”
“You are doing phenomenal given the circumstances. I feel blessed to have partnered with MCT.”
“I have to tell you how much we appreciate your communication during this crisis, it is comforting to know and get your take on market conditions around the mortgage industry.”
“Just want you to know that this presentation yesterday was extremely helpful/valuable to our operation.”
“In a time when information is so critical, this content gave us more insight as to what was going on and was VERY informative.”
“I wanted to tell you that your team did a great job today on the webinar. What a tough report to give, especially because of all the sensitive topics. The point is that Phil, Bill, and the Ben all did a great job addressing the issues.”
“Please let your colleagues know how extraordinarily valuable MCT’s communications have been over the last several weeks. When this is over, Phil may need to run for office.”