[MCT Webinar] Introducing BAMCO: New Co-Issue Marketplace
This webinar from December 7th, 2022 has concluded. Please view the recording and slide deck below.
In this webinar, MCT’s Phil Rasori and Justin Grant and Mr. Cooper’s Chis King introduce BAMCO. 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.
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.
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About the Webinar:
In this webinar, MCT’s Phil Rasori and Justin Grant and Mr. Cooper's Chris King introduce BAMCO, the new co-issue execution type available within MCT Marketplace.
Topics Include:
- Introduction to BAMCO and the new process for co-issue executions within MCT Marketplace
- Features of BAMCO, including live, flow based, loan-level MSR pricing
- The effect of BAMCO on your best execution analysis, along with the ability to access approved and unapproved co-issue buyers
View the recording below or download the slide deck.
About the Webinar Presenters:
Phil Rasori, COO, MCT
Mr. Rasori is a recognized thought-leader in capital markets operations within the mortgage banking community. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed the ground-breaking mortgage pipeline hedging algorithms that form the foundation of MCT’s HALO Program today. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Mr. Rasori has consulted with GSE agencies and the US Government on hedging best practices for community banks. Mr. Rasori has functionally led MCT operations since 2005 and ascended to his current role as COO in 2007.
Mr. Rasori is a graduate of University of California, San Diego, and holds a B.S. in Management Science.
Justin Grant, Senior Director, Head of Investor Services, MCT
Mr. Grant began his career with MCT in 2006 as a junior trader and has quickly ascended the ranks to his current position as SVP of Capital Markets, which he was promoted to in January of 2014. During this period, he has been responsible for overseeing the risk management and loan sale execution for many of MCT’s clients and specializes in those that are federally chartered banks. Mr. Grant was also the creator of MCT’s first robust back end pricing engine that would power the fair market valuations for all of its clients. Mr. Grant’s areas of expertise include pipeline hedging, pull through analytics, SAS reporting, MSR valuations, MBS issuance and risk management. On top of his daily account management duties Mr. Grant manages the Business Intelligence division of MCT and also consults with the analytics team that is responsible for much of the research that is the foundation of the award-winning HALO program.
Mr. Grant graduated Cum Laude from the University of California, San Diego, and holds a B.S. in Management Science.
Chris King, SVP, Business Development at Mr. Cooper
As a seasoned mortgage professional with 20+ years of key industry leadership experience, Chris King joined Mr. Cooper in 2012, and leads Business Development and B2B initiatives through Correspondent, Co-Issue, Bulk MSR, Subservicing, and Strategic Institutional Partnerships. Chris holds a Bachelor of Science in Accounting from George Mason University and a master’s degree from University of Maryland. Prior to joining the Mr. Cooper family, Chris served as SVP of Business Development for Morgan Stanley/ Saxon, as well as held other senior management roles at GMAC-RFC, Fannie Mae, and KPMG. His intuitive insight into mortgage lending, capital markets, and servicing functions from his career accomplishments are integral to the demonstrated success of Mr. Cooper.
Chris King, SVP, Business Development, Mr. Cooper