Mortgage Capital Trading Opens East Coast Operations in Pennsylvania

Mortgage Capital Trading Inc. (MCT), a provider of mortgage pipeline hedging and risk management services, has announced that it has established an office in Bala Cynwyd, Penn., just outside of downtown Philadelphia. The new facility expands MCT’s presence on the East Coast, allowing the company’s traders and analysts to facilitate regular personal interaction with clients in the Eastern Standard Time zone. Officials at the company say they also plan to host prospective and existing clients at the new office to provide training, educational seminars and face-to-face meetings. “We have been strategically positioning ourselves to add new clients at a healthy rate in an effort to avoid the growing pains that many companies experience when operating in a growth phase,” said Curtis Richins, president of MCT Trading Inc. (MCT). “This office’s proximity to East Coast lenders ensures that we continue to deliver excellence in service and responsiveness. A big part of our value proposition is to provide clients with extensive education, coaching and continuous support in making the transition from best efforts to mandatory mortgage executions, managing risk and maximizing profitability. The addition of this office lays the foundation to deliver on that promise.” MCT is headquartered in San Diego and also has locations in Dallas, Texas; Charlotte, N.C.; San Francisco; and now Bala Cynwyd, Penn. Notable is that each of MCT’s locations are linked together with the same phone lines and video cameras. Each office is designed with the capability to operate independently in the event of a natural disaster in a single location, thus preventing any slippage in providing real-time hedging services to clients.