MCT Introduces Bid Auction Manager® Secondary Marketing Tape Transfer Technology

BAM, BAM Marketplace, and BAMCO are now MCT Marketplace. MCT Marketplace is the largest mortgage asset exchange for the U.S. secondary market, which connects buyers and sellers in a unique, digital auction regardless of counterparty approval status. LEARN MORE

New solution enables MCT to efficiently and securely exchange bulk bid loan tapes between lender clients and investors

SAN FRANSISCO, Calif, July 19, 2017 – Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing technology firm, announced at the California Mortgage Bankers Association’s (CMBA) annual Western Secondary Market Conference held in San Francisco that it has released new secondary marketing technology to improve the industry’s existing loan sale practices. Dubbed Bid Auction Manager (BAM®), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and MCT’s team of mortgage loan traders.

The solution works by encrypting lender bid tapes so that they can be securely, seamlessly, and efficiently passed to investors for pricing and back into MCTlive!®, the comprehensive capital markets software platform used by MCT staff and clients, where the tapes then reside in a centralized repository that can be easily organized and reviewed. The result is a much quicker pricing process for bulk bid tapes, greater data security, better communication between counterparties, process consistency for investors within their existing platform, and newfound efficiencies for MCT’s traders.

Since correspondent whole loan investors often have unique bulk bidding processes, MCT has developed three different ways that investors can securely transmit bid tape files. Tapes can be uploaded via the browser-based user interface within MCTlive!, through SFTP (Secure File Transfer Protocol), or by way of a Restful API (Application Programming Interface) that enables MCT to integrate with various loan exchange platforms and homegrown investor systems.

To ensure data integrity, MCT accesses lender data via integrations that were developed with their loan origination systems (LOS), the core system of record for lending entities. Each of the transfer methods are data encrypted to ensure security at all times.

“MCT has been realizing significant year-over-year growth and in talking with our investor community, we represent roughly 30 to 40 percent of the typical aggregator’s client base,” said Phil Rasori, COO of MCT. “As a result, we saw a need to develop a technology solution that helps our traders work more easily with our lender clients and effortlessly exchange bulk bid tapes with investors. BAM helps MCT scale as we continue to grow and makes things easier on investors by centralizing the acquisition process for the bulk bid channel.”

MCT will be attending the CMBA Western Secondary Market Conference where it will officially unveil BAM. Contact the company to arrange a discussion time at the show regarding this new technology or for more information about MCT’s hedge advisory services and award-winning secondary marketing software.

About MCT:
Mortgage Capital Trading, Inc. (MCT) is a capital markets-focused risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, San Francisco, and Charlotte. MCT is a recognized leader in the industry and currently supports more than 150 clients on the HALO (Hedging And Loan sales Optimization) Program. The company also develops and supports MCTlive!™, an award-winning real-time, trading and best-execution secondary marketing platform. MCT’s LockCentral™ is the industry’s largest outsourced centralized lock desk service. In addition, MCT offers a suite of tools and supporting guidance for MSR needs. For more information, visit or call (619) 543-5111.

Ian Miller
Chief Marketing Officer
Mortgage Capital Trading

Join Our Newsletter

Stay informed on the latest mortgage industry news, insights, and trends.


Getting Started

Request a quick introductory call to learn more about MCT services and software. Schedule a Call

Hear What Our Clients Are Saying

video_thumbnail david battany guild mortgage EVP of capital markets

Meet Our Service Group Leaders

Andrew Rhodes

Andrew Rhodes

Senior Director, Head of Trading
Mr. Rhodes began his career with MCT in 2005 as the company's first dedicated loan sale specialist. ...
Bill Shirreffs

Bill Shirreffs

Senior Director, Head of MSR Services and Sales Operations
Mr. Shirreffs brings extensive industry experience in capital markets, structured transactions, cred...
Natalie Arshakian

Natalie Arshakian

Senior Director, Head of Lock Desk Operations
Natalie Arshakian, Senior Director, Head of Lock Desk Operations, has over seven years in financial ...
Chris Anderson

Chris Anderson

Chief Administrative Officer
Mr. Anderson is an experienced public and private sector manager with expertise in regulatory compli...
Paul Yarbrough

Paul Yarbrough

Senior Director, Head of Client Success Group
Secondary marketing expert Paul Yarbrough has joined San Diego-based MCT Trading Inc., a mortgage ri...
Justin Grant

Justin Grant

Senior Director, Head of Investor Services
Mr. Grant began his career with MCT in 2006 as a junior trader and has quickly ascended the ranks to...