Free News Articles Home Business Free News Articles Software Mortgage Capital Trading鈥檚 Bulk Acquisition Manager鈩?Technology Achieves 100 Percent Investor Adoption Mortgage Capital Trading鈥檚 Bulk Acquisition Manager鈩?Technology Achieves 100 Percent Investor Adoption SAN DIEGO Camiseta Vitolo Atletico Madrid , Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that it has gained unprecedented industry-wide technology adoption among the investor aggregator community. MCT officially unveiled the Bulk Acquisition Manager(TM) (BAM) within its capital markets software platform, MCTlive!, in July of this year.
BAM centralizes and streamlines the entire process of packaging and securely transferring whole loan information and bids. The technology provides a web interface that enables lenders' bid tapes to be securely and efficiently delivered to approved buyers following best execution analysis in a centralized repository. Investors are lauding BAM as the most robust Camiseta Diego Costa Atletico Madrid , easy-to-use, scalable, and secure bid tape management technology on the market, which are cited as the primary reasons for rapid investor adoption.
"We initially developed BAM to address the Nonpublic Personal Information (NPI) security risk associated with transmission of bulk bid tapes via email, but the efficiency gains and improved market color for both counterparties drove rapid adoption," said Phil Rasori Camiseta Gelson Martins Atletico Madrid , COO of MCT and architect of BAM. "MCT represents 30 to 40 percent of approved sellers for the average correspondent investor with about 1,200 bid tapes flowing through BAM every day. BAM is raising the bar for other bid tape management solutions, with one major investor already leveraging BAM to serve as their database of record for bulk bid tape transactions. BAM is well on its way to becoming the defacto standard in the mortgage industry."
BAM includes tiered user administration, putting decision-making about access to transaction data in the hands of lender clients and their investors. Overall, BAM is improving the industry's existing loan sale practices with quicker best execution pricing for bulk bid tapes, better communication and transparency Camiseta Rodri Atletico Madrid , enhanced data security, greater organization and consistency, endless scalability, and optimization of the entire process from start to finish.
To make BAM's functionality conveniently integrate with existing processes, MCT established two different methods for investors to securely transmit bid tape files. This can be done by accessing MCTlive!'s secure browser-based user interface or via a Restful API (Application Programming Interface) which enables MCT to integrate with various loan exchange platforms and homegrown investor systems. To date, nearly all investors have elected to use MCTlive! due to its extreme ease of use Camiseta Thomas Lemar Atletico Madrid , built-in metrics, and robust user administration.
Company officials at MCT say that plans are in progress to expand BAM and its user base, yielding even more improvements to management of the bid tape transfer process. Moving forward, investors, lenders, traders Camiseta Nikola Kalinic Atletico Madrid , account executives, and the bid tape market as a whole will realize additional benefits through feature development within MCTlive! and the Bulk Acquisition Manager.
About MCT: Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions Camiseta Santiago Arias Atletico Madrid , MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions Camiseta Antonio Adan Atletico Madrid , warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love. For more information Camiseta Jose Gimenez Atletico Madrid , visit www.mct-trading or call (619) 543-5111.
MEDIA CONTACT: Joe Bowerbank Profundity Communications, Inc. 949.378.9685 jbowerbank@profunditymarketing
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