LendingQB’s LOS Partners with MCT Trading HALO-Link – NMP Skip to main content

LendingQB’s LOS Partners with MCT Trading HALO-Link

NationalMortgageProfessional.com
Jan 16, 2013

LendingQB has announced that its Web-based loan origination system (LOS) has been integrated with Mortgage Capital Trading’s (MCT) proprietary HALO (Hedging And Loan sales Optimization) platform. The interface, dubbed HALO-Link, allows for pipeline and trade data to automatically be exchanged from LendingQB’s LOS to the HALO platform. “Lenders are increasing turning to the utilization of a hedging strategy in secondary marketing to achieve greater profitability,” said David Colwell, vice president of corporate strategy at LendingQB. “The integration between our LOS and MCT’s HALO-Link enables the timely delivery of data so that loans can be hedged more frequently and accurately. Eliminating manual steps in the data exchange process reduces errors, mitigates risk, saves money and ultimately drives profitable loan sales to investors. It’s a win-win for our mutual customers.” MCT’s bi-directional HALO-Link interface enables for consistent time or change-based delivery of loan pricing, trade and pipeline data from the product and pricing engine (PPE) within LendingQB’s LOS directly to and from MCT’s clients-specific HALO database. As a result, data the consistency from LendingQB’s LOS to MCT ensures that mutual clients’ pipelines of locked loans are accurately priced and optimally hedged. The new interface helps lenders realize higher profit gains from MCT’s mandatory trade executions to investors. “Partnering with LendingQB is a natural fit between our two platforms, and adds more value to the technology tools we already offer our clients as part of our end-to-end support services,” said Curtis Richins, president of MCT. “Via this integration, it’s really easy for our trading analysts to access our client’s pricing data that resides in LendingQB’s PPE, which gives us instant access to accurate pricing information in real-time.”
Published
Jan 16, 2013
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