MCT Client Webinar – New Agency LLPA Effective Date Functionality
This webinar from April 14th has concluded. Please view the recording and slide deck below.
MCT has developed new functionality to assist clients with implementation and tracking of the new agency LLPA changes announced on January 19, 2023 and going into effect May 1, 2023. This new MCTlive! functionality supports running a conventional pipeline against both sets of LLPAs, and the LLPA that fires will be based on the lock expiration date or a date chosen by the user.
Loan-level price adjusters (LLPAs) have major impacts on pricing and profitability; supporting our clients in this transition is a top priority for MCT. Please join Paul Yarbrough and Phil Rasori for a discussion of the new LLPAs and a demonstration of this functionality.
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About the Webinar:
In this webinar, MCT’s Phil Rasori and Paul Yarbrough discuss the new agency LLPA effective date functionality.
Topics Include:
- Overview of the new LLPAs
- Agency LLPA direction and potential long term impacts
- Demonstration of new agency LLPA effective date functionality
- Recommendations for agency LLPA implementation
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.
Paul Yarbrough, Senior Director, Head of Client Success Group, MCT
Secondary marketing expert Paul Yarbrough has joined San Diego-based MCT Trading Inc., a mortgage risk management provider offering pipeline hedging, best-executive loan sales and centralized lock desk services, to oversee new client on-boarding, manage the company’s secondary marketing technology and implement necessary solution training.
Yarbrough has 13 years of experience operating in the secondary marketing divisions at Evolve Bank and Trust, Willow Bend Mortgage, Nationstar, Service First Mortgage and Realty Mortgage. Further, Yarbrough has detailed knowledge concerning how to leverage secondary marketing technology to proficiently run capital markets functions. “Paul will play an important role in implementing and training lenders on our secondary marketing technology platform MCTlive!, as well as ancillary solutions,” says Curtis Richins, president of MCT.
