MCT Client Exclusive Webinar – Current Market Overview and Recommendations
In this client exclusive webinar from Wednesday, June 22 at 11AM Pacific, we discuss the current market including actionable recommendations and insights.
As volatility continues in the face of yesterday’s 75 basis point Fed rate hike, and the potential of more large hikes to come, we encourage you to refer back to Monday’s MarketFlash for recommendations to mitigate risk in your pipeline.
This webinar has concluded. Please view the recording below.
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About the Webinar:
In this webinar, MCT’s Phil Rasori, Justin Grant and Andrew Rhodes discussed current market recommendations and actionable insights.
Topics Include:
- Market reaction to high inflation data and the Fed rate hike
- Strategies to mitigate risk in volatile markets
- Coupon movement and liquidity, including future expectations based on recent trends
- Loan sale liquidity and investor performance
- What to look for moving forward
About the Webinar Presenters:
Phil Rasori, Chief Operating Officer, 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.
Andrew Rhodes, Senior Director, Head of Trading, MCT
Mr. Rhodes began his career with MCT in 2005 as the company’s first dedicated loan sale specialist. He initially created investor specific models to accurately produce market based mandatory pricing for all pricing aspects in MCT including rate sheet generation, best executions, and fair market valuations. During the years following his hire, his role was redefined to include client pipeline risk management. Over the years he was able to grow with the company gaining skills and experience in multiple fields in secondary. He was soon after named as SVP of Trading. As a part of his daily operations he has been responsible for overseeing the risk management and loan sale execution for many of MCT’s clients. Outside of the daily operations, Mr. Rhodes has been instrumental in helping to roll out MCTlive’s MCT Marketplace among many of the other new initiatives at MCT.
Mr. Rhodes graduated from the University of California, San Diego, and holds a B.A. in Economics.
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.