BAM Marketplace Loan Exchange
BAM MarketplaceTM is the world’s first truly open mortgage loan exchange, where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform. A revolutionary new era of maximized liquidity, eliminated barriers, and optimized execution is waiting for you. Join the vanguard of lenders reaping the competitive benefits of BAM Marketplace.
BPS pickup vs. cover on average
billion dollars in committed volume since inception
days on average to approve a new buyer and seller
Access Unapproved Buyers & Multiple Execution Types
BAM Marketplace is revolutionizing mortgage loan sales by giving users access to unapproved buyers with MCT’s security spread commitment. Sellers can also execute co-issue transactions within the platform leveraging MCT’s BAMCO. Learn more in the section below or contact us today.
Security Spread Commitment Unlocks Industry’s First Open Mortgage Loan Exchange
BAM Marketplace facilitates bids between unapproved counterparties using MCT’s patent-pending Security Spread Commitment.
Rather than committing to a fixed price, buyers bid in the form of a spread to the underlying security associated with the loan, giving the seller certainty while allowing market movement to continue.
After selecting a security spread commitment as the winning bid, the seller immediately completes the investor approval process, which is currently being completed within an average of five business days.
BAMCO Offers Co-Issue Transactions Without Leaving the Platform
BAMCO brings co-issue loan sale transactions directly into MCT’s whole loan trading platform, making the process of selling co-issue more convenient and transparent. BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers.
While co-issue executions via agency integrations have always been and will continue to be included in your loan sale best execution analysis, BAMCO brings a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.
Contact us for more information on how BAM Marketplace can revolutionize your secondary marketing initiatives.
“BAM Marketplace is the only loan exchange where sellers can receive bids from unapproved buyers. Through our proprietary ‘security spread commitment’ methodology, MCT firmly holds its position as the gold standard in best execution and moves one step closer to the ultimate goal – when every loan can be priced by every investor.” – Curtis Richins, President, Mortgage Capital Trading
Learn How Buyers & Sellers Interact on BAM Marketplace
During 2020 market volatility, investors bought less and sellers ran into liquidity issues, especially for key loan types such as low-FICO government. To help clients through this time, BAM Marketplace was created to connect distressed sellers with would-be buyers, particularly agency-approved lenders within the MCT client base without previous correspondent investing experience.
BAM Marketplace For Sellers
Learn how BAM Marketplace is helping sellers achieve true best execution with bids from every buyer, improve execution for key loan characteristics, discover new counterparties and mitigate market volatility.
Automated Live Bids
Bidding Regardless of Approval Status
Every Loan Priced to Every Investor
Co-Issue Buyers Available in Best Ex
BAM Marketplace For Buyers
BAM Marketplace is revolutionizing the buying experience using MCT’s Security Spread Commitment and MCT AutoBid technology. This industry first is giving buyers unparelled access to new sellers.
Security Spread Commitments
Industry’s Largest Community of Sellers
Complete Technology Package for New Buyers
Approved/Unapproved Co-Issue Buyers Access All Sellers
Award-Winning Technology Drives Buyer & Seller Success
HousingWire recognized MCT as a 2021 leader in innovation in large part due to the success of BAM Marketplace in supporting lenders through pandemic market volatility. Learn how BAM Marketplace has evolved to become the industry’s first true mortgage loan exchange.
Bid Auction Manager (BAM)® is a platform within MCTlive!® that integrates with existing lender and investor processes to encrypt bid tapes so that they can be securely and efficiently priced by investors. Investors then load tapes back into MCTlive! where they reside in a centralized bid tape repository that can be easily reviewed to achieve Best Execution. Save time, improve margins, and securely transfer bid tapes with a BAM!
Automate the process of pricing bid tapes and accepting commitments for MCT clients. Because MCT AutoBid is built into MCTlive!, pricing is instant providing the best possible seller experience. No more organizing, normalizing, pricing, or returning bid tapes and commitment requests via spreadsheets and email – just fast, accurate bid tape pricing to improve the seller experience and grow market share. MCT AutoBid will eventually be expanded to support non-MCT clients.
BAM Marketplace for Sellers
BAM Marketplace is revolutionizing the way lenders sell loans in the secondary market. With BAM Marketplace, sellers can find significant increases to loan sale pickup, particularly for key loan characteristics. Learn more about the selling process, features, and benefits of BAM Marketplace for sellers.
Average Pickups vs. Cover Bid in Basis Points
Average
Gov. Production
Con. Production
Gov. with FICO Under 660
Low Loan Amount (Under $200K)
MFG Home Loans
Selling Process
Bid tapes are posted to BAM, which includes BAM Marketplace Buyers
Thanks to MCT AutoBid, BAM Marketplace bids are returned instantly
Security Spread Commitments and Co-Issue are clearly highlighted in Best Ex.
Sell side contact info is transferred upon selection of Security Spread Commitment
Buyer and Seller execute Buyer MLPA bilaterally (and in most cases a short application) and complete loan sale
Features for Sellers
Automated Live Bids
Bidding Regardless of Approval Status
Every Loan Priced to Every Investor & Co-Issue Buyer
Automated & Simplified AOT Executions
Streamlined Process for New Investor Approvals (avg. 5 days)
Benefits for Sellers
Achieve True Best Execution with Bids from Every Buyer
Improve Execution Particularly for Key Loan Characteristics
Discover New Counterparties & Conveniently Increase Liquidity
Mitigate Market Volatility & Regulatory Changes
Find Outlets & Pickups for CRA-Eligible Loans
BAM Marketplace for Buyers
BAM Marketplace is revolutionizing the way buyers purchase loans in the secondary market. With BAM Marketplace, buyers can target key loan characteristics, improve efficiency and increase their pool of sellers. Learn more about the buying process, features and benefits of BAM Marketplace for buyers.
Buying Process
Bid tapes are received through BAM Marketplace
Production automatically screened based on buyer restrictions
MCT AutoBid will automatically bid available loans traditionally or via Security Spread Commitment
Sell side contact info is received upon selection of Security Spread Commitment
Buyer and Seller execute Buyer MLPA bilaterally and complete loan sales
Features for Buyers
Security Spread Commitments & Complete Technology Package for New Buyers
Provide Executable Pricing to the Industry’s Largest Seller Community
MCT AutoBid & API On-Demand Pricing
Granular & Low Maintenance Margin Management
On-Demand Analytics on Buyer Competitiveness
Benefits for Buyers
Never Miss Target Loan Characteristics
Improve Efficiency on the Bidding Process
Increase Pool of Approved Sellers
Completely changes the cost calculations on how you participate in the correspondent lending channel
Find Sellers with CRA-Eligible Product
Constantly Monitor and Fine-Tune Pricing
Contact Us for a Demo