MCT Webinar – MCT Geocoding & Bid Tape Protection Initiatives
This webinar from September 7th has concluded. Please view recording below.
In this webinar, MCT’s Phil Rasori, Chris Anderson, and Justin Grant discuss MCT’s efforts to improve data security in the loan sale process.
In 2018, MCT launched an initiative to replace property address and loan number in the loan trading process. Recent headlines show that data security is more important than ever, which makes now the right time to finish the job and continue to reduce collateral NPI exchanged in the secondary market.
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In this webinar, MCT’s Phil Rasori, Chris Anderson, and Justin Grant discuss NPI, implementation plans to reduce its unnecessary exposure, and a review of internal data security and business continuity practices.
- Highlights of MCT Data Security
- History of Borrower Data in the Loan Sale Process
- Potential MSR Consequences from Exchanging NPI
- Replacing Property Address with Geocode
- Replacing Loan Number with Unique Identifier
- Vision for Better Data Security in the Secondary Market
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.
Chris Anderson, CAO, MCT
Mr. Anderson is an experienced public and private sector manager with expertise in regulatory compliance, organizational development, project management, data systems management, professional development, and public policy analysis.
Mr. Anderson joined MCT in 2012 as a Division Manager charged with organizing and building MCT’s newly formed Outsourced Lock Desk Division. In 2013, after successfully growing the Lock Desk Division and establishing it as the industry standard for outsourced lock desk services, he was promoted to the Executive Management Team as Senior Vice President. In late 2015, his increasing contributions to MCT were recognized when he was promoted to his current role as Chief Administrative Officer. Mr. Anderson currently oversees MCT’s Lock Desk Division, IT & Programming Division, and Business Operations Division, which includes: Administrative Operations, Compliance, Human Resources, and Risk Management.
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.