Press Releases

As we continue to shape the mortgage industry through leadership and education, MCT has much to show for. We have acquired success through our ability to innovate and inspire and constantly are proving to be leaders through our consistent high involvement in the mortgage industry community. Stay up to date on our employee accomplishments, award recognitions, new product launches, and all things MCT.

Monthly Mortgage Lock Volume Increases 31% in Latest MCT Indices Report

Monthly Mortgage Lock Volume Increases 31% in Latest MCT Indices Report

MCTlive! Mortgage Lock Volume Indices covers the period from June 1 to June 30, 2023, and represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels.

MCTlive! Lock Volume Indices: May 2023 Data

MCTlive! Lock Volume Indices: May 2023 Data

MCTlive! Mortgage Lock Volume Indices covers the period from May 1 through May 31, 2023, and represents a broad and balanced cross section of several hundred lenders of various sizes and business models in the mortgage industry across retail, correspondent, wholesale, and consumer direct channels.

BSI Financial Joins MCT’s Co-Issue Marketplace

BSI Financial Joins MCT’s Co-Issue Marketplace

BSI Financial Services (BSI) has become the latest investor to join BAMCO, MCT’s new marketplace for co-issue loan sales. BAMCO brings co-issue transactions directly into MCT’s whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

MCT First to Integrate with Freddie Mac’s Income Limits API

MCT First to Integrate with Freddie Mac’s Income Limits API

MCT is pleased to announce it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits. Income Limits allows for the accurate pricing of Credit Fee in Price (Exhibit 19, or “Credit Fees”) waivers. This is the latest in a series of successful API integrations between MCT and Freddie Mac, and helps promote both pricing transparency and housing affordability.

Phil Rasori Named Industry Titan by NMP

Phil Rasori Named Industry Titan by NMP

MCT COO Phil Rasori was named to National Mortgage Professional Magazine’s Industry Titans list for 2023. NMP recognizes the key players who have dedicated their expertise and years of experience to the mortgage business, and represent the industry with professionalism and pride.

Justin Grant Named to NMP’s 2022 40 Under 40

Justin Grant Named to NMP’s 2022 40 Under 40

Justin Grant, was recognized by National Mortgage Professional Magazine’s (NMP) for his industry accomplishments, landing him on the 2022 ‘Top 40 Most Influential Mortgage Professionals Under 40’ list.

MCT’s Azad Rafat Named 2022 Tech Trendsetter by HousingWire Magazine

MCT’s Azad Rafat Named 2022 Tech Trendsetter by HousingWire Magazine

Azad Rafat, MCT’s Senior Director of MSR Services, has been selected as a 2022 HW Tech Trendsetter. Azad is credited with driving innovation in the housing market specifically with his work on MCTlive! 2.0, a new software update to the original MSRlive! MSR software trading platform and portfolio system.

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

MCT Launches BAMCO: Co-issue Loan Sale Marketplace for Shadow Pricing and Unique Executions

MCT announced the release of BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT’s whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

MCT Expands Investor Services Team by Appointing Jennifer Kennelly as Senior Director

MCT Expands Investor Services Team by Appointing Jennifer Kennelly as Senior Director

MCT announced that Jennifer Kennelly has been appointed as the new Senior Director of MCT’s quickly expanding Investor Services team. Jennifer will leverage her unique background to grow MCT’s Bid Auction Manager (BAM) MarketplaceTM, the nation’s first open mortgage loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.

Mortgage Women Magazine Names Natalie Arshakian as a 2022 Mortgage Star

Mortgage Women Magazine Names Natalie Arshakian as a 2022 Mortgage Star

National Mortgage Professional’s Mortgage Women Magazine selected Natalie Arshakian, Senior Director and Head of Lock Desk Operations at MCT, to its annual 2022 Mortgage Star Awards. This year’s award recognizes 31 women who rise above the rest to do more for their clients, serve as better mentors, and are committed to making the industry more welcoming through both traditional and creative ways.

Mortgage Banker Magazine Names Curtis Richins on Legends of Lending List

Mortgage Banker Magazine Names Curtis Richins on Legends of Lending List

Curtis Richins, President of MCT, has been selected to Mortgage Banker Magazine’s inaugural “Legends of Lending” list. The magazine’s inaugural class was compiled to highlight the most talented, ambitious, and legendary individuals who are achieving excellence and making a difference in the mortgage industry.