Mortgage Capital Trading Announces Collaboration With Fannie Mae – NMP Skip to main content

Mortgage Capital Trading Announces Collaboration With Fannie Mae

NationalMortgageProfessional.com
Sep 08, 2016
OpenClose and Mortgage Capital Trading Inc. (MCT) announced they have developed an integration that eliminates manual intervention and streamlines the delivery of loan data to maximize hedging for lenders

Mortgage Capital Trading Inc. (MCT) has entered into a strategic collaboration with Fannie Mae to facilitate new technology deployment, collaborative planning, and better service to mutual clients. The initial impact of this collaboration is to enable MCT to connect to live Fannie Mae pricing for real-time distribution to mutual clients within the MCTlive! platform. This connectivity allows for timely best-ex analysis and faster execution for Fannie Mae sellers.

It is envisioned that this technical integration will be the first step in a roadmap of continued developments intended to provide distinct and tangible benefits to Fannie Mae-approved lenders. As additional benefits, MCT clients will receive a reduction in Fannie Mae application and re-activation fees, as well as opportunities for direct interaction with key Fannie Mae personnel at MCT exclusive events.

“MCT and Fannie Mae have worked well together for many years in an unscripted relationship of mutual respect and client convenience,” said Ben Itkin, managing director at MCT. “This strategic collaboration puts a more formal and intentional direction to our collaboration. We are tremendously pleased to enter into this collaborative relationship with Fannie Mae, which will undoubtedly bring increased opportunity and efficiency to our clients. The fee reductions Fannie Mae has offered to MCT clients, while obviously a great benefit, only represent a single component of the overall value gain to be enjoyed by our mutual clients.”

Published
Sep 08, 2016
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