MCT Star July 2024 – Mission Score API
MCT recently announced the launch of new integrations with Fannie Mae’s Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae’s mission objectives.
The Mission Score API and product grids provide a loan-level Mission Score and associated pricing to mortgage originators, who may improve margins or pass through better borrower pricing using MCT technology. MCT, the first to integrate with the API, has a long history of empowering mortgage market participants to optimize their business, and these latest integrations increase the granularity of pricing that Fannie Mae provides sellers on MCT Marketplace – the largest mortgage asset exchange for the U.S. secondary market.
Lenders are encouraged to register for the upcoming industry webinar hosted by MCT, and featuring Fannie Mae, to learn more about the features and benefits of the Mission Score API and product grids for mortgage originators and their borrowers.
| Update for the Current MSR Market Mortgage rates and some rate indices have experienced a slight retreat from their end of April highs, closing the month of May with robust gains over end of Q1, 2024 levels. Read more…MCT Reports a 7% Mortgage Lock Volume Increase in Latest Indices Report As mortgage lock volume edges upward during the buying season, the mortgage industry continues to monitor economic indicators that will factor into the Federal Reserve’s decision on how long to hold rates.Read More… MCT is Ready to Assist with Your Q2 MSR Portfolio Valuation A Message on Q2 MSR Valuations from MCT’s MSR Team A Message on MSR Bulk Sales from MCT’s MSR Team Press Release: MCT & Lender Price Join Forces to Improve Mortgage Pricing with Loan-Level MSR Values MCT Mortgage Industry Perspectives: Insights from the MCT Exchange 2024 Press Release: MCT Integrates with Fannie Mae’s Mission Score API and New Product Grids to Empower Originators to Take Advantage of Market Incentives for Mission-oriented Lending |
| Webinar Recording: Preserve Margins and Improve Pricing with the Base Rate Generator The solution combines live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications with decades of experience advising clients on custom rate sheet creation. Watch the Recording…MCT Whitepaper: Optimizing Your Best Execution Loan Sale Analysis In any market scenario, it is crucial for lenders to analyze best execution options to maximize profitability. Determining what execution is most efficient and profitable will have a big impact on your bottom line. Watch the Recording… |
Keep an eye on the Event Calendar for more information. We hope to see you soon!
Did You Know?
MCT has a Hedging 101 Whitepaper to get back to basics.Learn from our secondary marketing experts how you can use hedging as a tactic to mitigate risk and optimize profitability when selling mortgage loans. This whitepaper reviews information on moving to mandatory, the strategy of hedging, the benefits of hedging, and how to determine if you are ready. Topics Include:
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