Mortgage Capital Trading Inc., a leader in mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, announced Tuesday that Jennifer Kennelly has been appointed as the new senior director of MCT’s quickly expanding Investor Services team.
MCT said Kennelly will leverage her background to grow its Bid Auction Manager (BAM) Marketplace, the nation’s first open mortgage loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform.
Kennelly’s 25 years of experience in diverse roles within the mortgage industry, including Freddie Mac, Compass Analytics, and LoanCare, will help grow MCT’s extensive network of buyers and sellers, the company said. Having worked through various market conditions since the late 1990s, she is highly familiar with market volatility, industry disruptors, technology advancements, and evolving innovation that will prove helpful in today’s current market environment. She has gained hands-on skills from working directly and indirectly in all aspects of the mortgage industry, with her primary focus being capital markets.
At MCT, Kennelly joins the investor services group to help investors expand their reach with sellers in a more efficient way than what has been traditionally possible while eliminating barriers to entry and optimizing execution options. Her experience and contacts will help to further increase the liquidity sellers on MCT’s BAM Marketplace platform have enjoyed both by broadening the scope of traditional buyers as well as sourcing novel buyers, the company said.
“We’re extremely excited to have Jennifer join our Investor Services team and bring her skills to the table to continue the growth of BAM Marketplace,” said Justin Grant, senior director, head of investor services at MCT. “Already the only exchange of its kind, we have a great vision of what we know BAM Marketplace can be for buyers and sellers in the secondary market and Jennifer is uniquely qualified in bringing that to fruition.”
MCT initially launched BAM Marketplace in 2020 to support sellers during the pandemic. Now, "this innovative product is revolutionizing the marketplace and creating boundless opportunities for buyers and sellers experiencing limited liquidity and slow turn times for pricing," MCT said.
Kennelly will unlock potential by helping traditional and nontraditional buyers of whole loans to leverage MCT’s technology for increased market share and revenue, the company said.
