Mortgage Product & Pricing Engine
With the Product & Pricing Group you can accurately evaluate the current value of your mortgage pipeline and optimize profits at time of loan sale. Clients receive mark to market reports of locked pipeline and best execution options to determine max profitability of loan sales on a daily basis.
Loan-Level Pricing for Every Client, Investor & Channel
This daily compilation of loan level pricing and eligibility is for both Mark to Market and Best Execution purposes for all available delivery methods.
Daily Mark to Market Report
MCT® provides our Product & Pricing clients with a daily Mark to Market of their locked pipeline and Best Execution of their loans available for sale.
Automated pricing component compilation through our proprietary loan pipeline management software, MCTlive!® to ensure accurately compiled base rates, LLPA
LLPA – Loan level price adjustors. tables, SRP schedules, adjustment grids and underwriting eligibility on a daily basis.
Robust Delivery Options
Product & Pricing clients have the ability to submit bulk tapes to eligible investors with the click of a button. Accurate pricing or shadow bids are achieved through automated pricing compilation.
- Provides loan level pricing details across the client’s suite of investors allowing them to accurately evaluate the value of their pipeline and optimize profits at time of loan sale.
- The Product & Pricing Group acts as a conduit to bring investors and clients together in order to broaden our client’s product offering.
White-Label Rate Sheets to Optimize Loan-Level Margins
Mortgage companies use an in-house rate sheet to better target and maximize their margins. Without a white-label rate sheet, you may be failing to maximize your profits and achieve key operational efficiencies.
We recommend you choose to white-label your product set and direct Loan Officers toward a consistently positive experience with your in-house product, interest rate, and pricing terms for new loan applications. If you already create a white-label rate sheet manually, MCT can help streamline the process and report on the results. Contact us to learn more about this service.
Watch the full interview with Ben Coll on Mark to Market reporting and White-Label Rate Sheets in this behind the scenes interview of how the Product & Pricing division compiles large and complex data sets daily.
Product & Pricing Group: How It Works
MCT works with our clients and directly with investors to compile base rates, LLPA tables, SRP schedules, adjustment grids and underwriting eligibility on a daily basis.
The Product & Pricing Group is managed out of our San Diego headquarters by Benjamin Coll, who has 20 years experience at depository institutions and independent mortgage bankers, and is supported by senior MCT staff with pricing, loan eligibility, and database experience.
- Data points are aggregated to produce accurate loan level pricing & eligibility to our clients for both Mark to Market and Best Execution purposes.
- Accurate pricing & eligibility is provided for all available investor delivery methods; best efforts, mandatory, AOT
Assignment of Trade (AOT) - A transaction used primarily in the mortgage-backed securities market, where the obligation to fulfill an existing forward trade is assigned by one of the counterparties to a third party. Typically the third party is an investor and the party assigning the trade is a loan originator who then sends loans to that investor that will fulfill the obligation represented by the assigned trade.(investopedia, n.d.) /DT and single loan mandatory.
Product & Pricing Group: Benefits
MCT provides our clients with a daily Mark to Market of their locked pipeline and Best Execution of their loans available for sale to evaluate value of pipeline as well as profitability.
Pricing component compilation is automated to ensure accuracy.
Ease Of Use
Stacks Net Sell price per loan by investor; best to worst.
MCT Traders will commit loans to investors on our client’s behalf.
Ability for clients to show all investors or hide specific investors from Best Execution due to investor operational inefficiencies.
Robust Delivery Options
Ability for clients to submit bulk tapes to eligible investors with the click of a button.
Product & Pricing: Latest News & Educational Articles
Lenders using MCT’s loan pipeline management software, MCTlive!, received bid tape pricing at the loan level on their open pipeline in year-end mark-to-market reports, a major improvement over the rate sheet and direct trade pricing typically used for this purpose and the first step in addressing a recent crisis in derivative asset pipeline valuation.
In this video interview, Ben Coll explains the true value behind MCT’s Product and Pricing group, and why data accuracy is so important for loan sale decisions. Learn how we make White-Label Rate Sheets & Mark to Market Reporting services effective for your organization’s bottom-line.
Every year, clients, vendors, and staff of MCT look forward to the Exchange for it’s contemporary style that sets it apart from other secondary market conferences. With it’s cutting-edge format, educational opportunities, and enjoyable networking venues, this year’s September 2017 Exchange was no exception.
Our seasoned team of capital markets experts will ensure unparalleled support, guidance, and product knowledge to improve your mortgage banking experience.
Product & Pricing Director
Request a quick introductory call to learn more about our new Product & Pricing Group.Schedule a Call