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.
MCTlive! Mortgage Lock Volume Indices covers the period from November 1 through November 30, 2022, 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.
Natalie Martinez, Manager of the MSR Services Department & Client Success, was selected as one of the finalists for San Diego Business Journal’s 2022 Business Women of the Year.
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 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.
