MCT Announces Integration With Freddie Mac

Aug 20, 2018

Mortgage Capital Trading (MCT) has announced new functionality that delivers real-time pricing and automates loan committing for Freddie Mac clients. MCT’s lender clients receive the pricing information seamlessly via its integrated capital markets technology platform, MCTlive! MCT is the first vendor to have successfully completed the first commitment via Freddie Mac’s new API technology.

After completing Best Execution Analysis and determining loans to be sold to Freddie Mac, lenders use Rapid Commit functionality which intelligently completes product selection and delivers commitments for all loans with a single click. MCTlive! Rapid Commit interfaces bi-directionally with Freddie Mac’s Loan Selling Advisor system in real-time.

"We are proud to leverage the system-to-system Pricing and Commitment functionalities within the newly released Freddie Mac APIs,” said Phil Rasori, Chief Operating Officer at MCT. “This integration is a significant step on our road map for increased technology collaboration with Freddie Mac for the benefit of our mutual lender clients.”

MCTlive! Rapid Commit functionality speeds up the committing process, ensures data integrity, and optimizes best execution for all commitments. Working within MCTlive!, users leverage Rapid Commit to run initial best execution, confirm Freddie Mac eligibility, and analyze the optimal subset sizes and products to deliver as individual commitments. MCTlive! has converted a once manual process to a completely automated and efficient solution.

About the author

NationalMortgageProfessional.com

Link copied

Published

Aug 20, 2018

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...

Diversity & Inclusion

NAF Releases New White Paper On Empowering Diverse Communities

Addressing the racial homeownership gap and recommending industry-wide solutions

The overall homeownership rate across the US stands at 66%, with notable differences among racial and ethnic groups. New American Funding (NAF), the largest Latina-owned mortgage company in the U.S., is taking steps to close that homeownership gap by addressing systemic obst...