UPDATE: MCT Integrates its MCTlive!® Secondary Marketing Software with Freddie Mac for Automated Loan Sale Pricing & Commitment

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The latest addition to MCT Rapid Commit®, the new integration automates Freddie Mac loan pricing and commitments with intelligent best execution capability via API connection

UPDATE Oct. 10, 2019 – MCT® is proud to announce the addition of the Freddie Mac Cash-Released XChange browse price API to the integration between Freddie Mac and the MCTlive!® platform. Leveraging the browse price API, MCTlive! lenders can now accurately and conveniently utilize Freddie Mac Cash-Released XChange in their best execution analysis.

Prior to the addition of this API, pricing a large population of loans individually via Freddie Mac’s Loan Selling Advisor was manual and time-consuming. Alternatively, the typical practice of using a single scenario-based rate sheet often results in inaccuracies of 30+ BPS when factors such as state or loan amount differ from the proxy scenario.

Through the new Freddie Mac Cash-Released XChange API on MCTlive!, loan populations of any size receive loan-level, characteristic-based pricing with a single click. Combined with MCTlive! Rapid Commit, lenders can take advantage of an accurate, end-to-end process for these executions for the first time.

SAN DIEGO, Calif., August 17, 2018 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced new functionality that delivers real-time pricing and automates loan committing for Freddie Mac clients. MCT’s lender clients receive the pricing information seamlessly via its integrated capital markets technology platform, MCTlive! MCT is the first vendor to have successfully completed the first commitment via Freddie Mac’s new API technology.

After completing Best Execution Analysis and determining loans to be sold to Freddie Mac, lenders use Rapid Commit functionality which intelligently completes product selection and delivers commitments for all loans with a single click. MCTlive! Rapid Commit interfaces bi-directionally with Freddie Mac’s Loan Selling Advisor system in real-time.

“We are proud to leverage the system-to-system Pricing and Commitment functionalities within the newly released Freddie Mac APIs,” stated Phil Rasori, COO at MCT. “This integration is a significant step on our road map for increased technology collaboration with Freddie Mac for the benefit of our mutual lender clients.”

MCTlive! Rapid Commit functionality speeds up the committing process, ensures data integrity, and optimizes best execution for all commitments. Working within MCTlive!, users leverage Rapid Commit to run initial best execution, confirm Freddie Mac eligibility, and analyze the optimal subset sizes and products to deliver as individual commitments. MCTlive! has converted a once manual process to a completely automated and efficient solution.

MCT and Freddie Mac look forward to continuing to collaborate for the benefit of mutual clients. Lenders interested in leveraging MCT Rapid Commit to improve their loan sale process should schedule a consultation.

About MCT:
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 offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About Freddie Mac:
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog.

Media Contact:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading

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