MCT Trading Inc. (MCT) has announced the development of an integrated interface that connects loan origination systems (LOS) with its proprietary HALO (Hedging And Loan sales Optimization) platform. The interface enables seamless pipeline and trade data exchange to occur automatically from any supported LOS to the HALO platform. Dubbed HALO-Link, the integration allows for consistent time or change-based delivery of loan pricing, trade and pipeline data from a lender’s LOS pricing engine directly to and from MCT’s clients-specific HALO database. This guarantees 100 percent data consistency from LOS to MCT and works to ensure that each client’s pipeline of locked loans is accurately priced and optimally hedged. As a result of the new interface, lenders realize higher profit gains from MCT’s mandatory trade executions to investors.
“Some lenders send us intermittent pipeline reports, but by using HALO-Link, this process is automated and loan pipeline data is automatically delivered directly into our proprietary HALO hedging model,” said Phil Rasori, chief operating officer at MCT Trading Inc. “HALO-Link effectively eliminates several manual steps in the data acquisition process, resulting in rapid reporting, the elimination of errors, cost savings and greater profitability via MCT’s mandatory loan sales to investors. We already have a number of clients using Encompass360 as their LOS that are successfully utilizing our HALO-Link interface and reaping the benefits of the enhanced, automatic data feed. We have plans to integrate with additional leading LOS providers.”
By taking advantage of Halo-Link, lenders are able to improve the timeliness of data transmission, reduce data related errors, and ultimately realize better gain-on-sale performance on their hedged pipelines.