Weekly Technology Improvement Series:
BAM Marketplace features recent improvements on both the buy side and the sell side.
One of the primary functionality enhancements is in the Autobid software, which has new features for granularity on pricing and margins on bids.
For certain types of loans, investors can now easily manage pricing for sellers via new margining features on loans with specified value payups that allow the user to define in either bps or as a % of the total payup.
For example, maybe you want 50 bps and 50% of the spec payup on a particular loan.
Specs for Fannie, Freddie, and GNMA are handled in different ways and the new functionality in MCTlive! provides users the ability to load their own spec payup grid or use the derived payups to margin off of.
You can now build out your own programming rules. So, for example, on a Freddie cash retained loan, you can now choose from all applicable spec values and get as granular as you want on the filters.
It will recalculate daily pickup as the spec values get updated. It will also display a hit to price on a global level, such as for a low loan amount, and can adjust on a client level for loan attributes.
Our new multifactor rule builder for margins and overlays really drives home your point of being a self-managed, very sharp pricing tool for buyers.
This tool allows you to combine any attribute to define when a rule should apply. So, if you want a 5pt hit on loans with a PIW, TX, < 640 FICO, > 80% LTV, MH, for 5 of your sellers. You can do that!
This series focuses on technology updates to MCTlive!, MCT’s award-winning loan pipeline management software.
MCTlive! Features include:
- 100% Cloud-Hosted, Web-Based, Real-Time Functionality
- Multidimensional Pull-Through Analytics
- Bid Auction Manager (BAM) Loan Trading Platform
- Electronic TBA Trading
- Rapid Commit for Agency Delivery
View All Rasori’s Relentless Releases
Rasori's Relentless Releases Episode 7: BAM Marketplace Bid AOT Download our recent educational whitepapers "Ginnie Mae Field Guides - Part 1 & 2" for which this webinar is based. Register for Webinar [gravityform id="41" description="false" ajax="true"...
MCT is now the first company to be able to leverage the pooling functionality powered by Agile Trading Technologies. Agile, the new way to quote MBS, is bringing mortgage lenders and broker dealers on to a single electronic platform.
In MCT’s latest Rasori’s Relentless Releases, we discuss data writeback in MCTlive!.
Bid Tape Mapping for Non-Platform Tapes – Rasori’s Relentless Releases: Weekly Technology Improvement Series
In MCT’s latest Rasori’s Relentless Releases, we discuss bid tape mapping for non platform tapes in MCTlive!.
In MCT’s sixth episode of Rasori’s Relentless Releases, Phil Rasori covers the January 14th proposal of volume caps on agency cash window deliveries, the features of the MCTlive! Pool Optimizer and also reviews a new comparison tool.
Rasori's Relentless Releases Episode 6: MCTlive! Pool Optimizer Download our recent educational whitepapers "Ginnie Mae Field Guides - Part 1 & 2" for which this webinar is based. Register for Webinar [gravityform id="41" description="false" ajax="true"...
In MCT’s fifth episode of Rasori’s Relentless Releases, Phil Rasori announces the first stage of Alexa voice integration for the MCTlive! platform. This new integration will include command chains that allow for full remote secondary execution, including loan sale commitments and TBA positions.
In MCT’s fourth episode of Rasori’s Relentless Releases, Phil Rasori reviews new MCTlive! pull-through functionality which account for the market experience adjustment caused by the reintroduction of the 50 basis point Agency Refi Adverse Market Fee.
Episode 3 is a continuation video from Episode 2. In this video, Phil Rasori discusses loan-level hedge costs reporting in more detail.
These new reports improve the allocation of hedge costs at either the loan or lock level, enabling more granular profitability measurement.