SAN DIEGO, Calif., March 15, 2023 – Mortgage Capital Trading (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, was announced as a 2023 HousingWire Tech100 Mortgage Winner. For more than a decade, HousingWire’s Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries.
The Tech100 Mortgage Award spotlights the most innovative and impactful organizations that are making the housing economy better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes.
MCT achieved several company milestones throughout the past year by launching and enhancing several technology solutions and services, such as the BAMCO Co-Issue Loan Sale Marketplace, which helped the company earn a spot on the latest Tech100 list. This software brings co-issue loan sale transactions directly into MCT’s whole loan trading platform. This capability makes the process of selling co-issue loans more convenient and transparent. BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers. BAMCO brings a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.
Less than a few months old, BAMCO supports about 150 lenders who are taking advantage of the technology. There are daily executions from participating buyers with more being added within the next few weeks. Since launching in early December 2022, sellers are picking up an average of 19 bps with BAMCO buyers.
“We are very proud to be recognized once again by HousingWire for our contributions to the technological advancement of the mortgage industry,” said Curtis Richins, President and CEO, MCT. “This recognition is a testament to the hard work of all of our employees and especially the contributions to the launch of BAMCO last year. We are glad HousingWire awards innovation in the capital markets space, and are honored to be included with such a strong list of organizations.”
Those interested in learning more about the features and benefits of MCT’s award-winning technology and services are encouraged to contact MCT for more information.
Founded in 2001, Mortgage Capital Trading, Inc. (MCT)® has grown from a boutique mortgage pipeline hedging firm into the industry’s leading provider of fully integrated capital markets services and technology. MCT’s offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world’s first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas. For more information, visit https://mct-trading.com/.
Chief Marketing Officer
Mortgage Capital Trading