SAN DIEGO, Calif., April 6, 2020 – MCT announced that it was designated to HousingWire’s 2020 Mortgage Tech 100 list as one of the most innovative companies in the U.S housing economy as a result of multiple solutions and services it developed and successfully launched in 2019.
“This year’s Tech100 winners blew past innovation, moving beyond innovation to transformation,” HousingWire Associate Magazine Editor Kelsey Ramírez said. “In both the real estate and mortgage sectors, fintech companies continue to create new ways to approach the housing process, improving efficiencies, cutting costs and creating a new experience for all parties involved.”
According to HousingWire, the goal of the Tech100 program is to provide housing professionals with a definitive list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the problems that mortgage lenders and real estate professionals face every day. In response to the expanding solutions landscape and HousingWire’s diverse audience, this year the Tech100 program was divided into the HW Tech100 Mortgage and the HW Tech100 Real Estate.
“We are elated to be recognized as one of the most innovative organizations providing capital markets software and services to the mortgage industry,” said Curtis Richins, president of MCT. “Our team of seasoned secondary marketing professionals, technologists, and highly passionate support staff along with our trusted partners reflects MCT winning the HW 2020 Mortgage Tech 100 award.”
MCT launched and enhanced several technology solutions and services throughout 2019 and also achieved company milestones, helping it earn a spot on this year’s Tech 100 list:
The company rolled out its new InvestorMatic™ Program to help facilitate digitization of the mortgage loan trading process and enhance the whole loan trading experience for lenders and investors. It also advanced MSRlive!, a web-based platform that supports lenders in building, maintaining, and optimizing their servicing portfolios. MCTlive! Mobile was launched in 2019 as a robust, easy-to-use app that gives secondary marketing managers fingertip access to oversee the process, manage loan pipelines, and execute whole loan trades on their mobile devices.
In addition, MCT made significant headway after launching Rapid Commit™, a solution that facilitates better, faster loan commitments with intelligent best execution capability for Fannie Mae sellers. Via an API connection MCT then integrated Rapid Commit to also automate Freddie Mac loan pricing and commitments with best execution.
And in a strategic move to effectively manage rapid company growth and support clients, MCT established a Client Success Group (CSG) to better serve lenders, reorganized its sales processes to enhance business development efforts, and expanded its national sales team in order to capture additional market share.
Also of note is that for the second straight year, STRATMOR Group’s 2019 Technology Insight Study scored MCT the highest in overall satisfaction, lender loyalty, and functionality effectiveness in all categories of production pipeline hedging in the survey of lenders.
In 2019 MCT’s COO, Phil Rasori, was awarded HousingWire’s inaugural Tech Trendsetters award for his hands-on involvement in the architecture design and launch of multiple innovative capital markets solutions. Among them was Phil’s development and wildly successful launch of BAM (Bid Auction Manager™), a digital whole loan trading marketplace that resides within MCT’s cloud-based secondary marketing platform, MCTlive!
“HousingWire’s motto for 2020 is growth through focus. With that lens, the Tech100 program underwent mitosis and emerged as two highly focused awards — Tech100 Real Estate and Tech100 Mortgage. While collaboration between real estate and mortgage professionals has never been higher, the tools and solutions that empower these professionals to excel are often entirely different.” said HousingWire CEO, Clayton Collins. “The winners of the 2020 HousingWire Tech100 Mortgage and Real Estate awards are truly the most impactful and innovative companies in housing. Not only do these companies empower their clients and users, they are supporting a more efficient, accessible and sustainable housing economy.”
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 www.mct-trading.com or call (619) 543-5111.
Chief Marketing Officer
Mortgage Capital Trading