IT News Online – MCT Integrates with Fannie Mae Connect API Whole Loan Purchase Advice Seller

Send2Press Newswire
2022-03-11

SAN DIEGO, Calif., March 11, 2022 (SEND2PRESS NEWSWIRE) — MCT’s award-winning program capital markets platform, MCTlive!, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API. This API connection allows MCT Mark-to-Market and Hedge Accounting reports to be updated instantly with Fannie Mae purchase data, instead of waiting to run reports through a loan origin system ( THE BONE). The integration also enables MCTlive’s loan commitment tracker to automatically reduce outstanding commitments as loans are purchased by Fannie Mae.

“We thank Fannie Mae for once again providing leadership in the communication between API and Capital Markets systems. Fannie Mae Connect Whole Loan Purchase Advice Seller is an important step in MCT’s roadmap for automating and independently verifying performance reporting,” said MCT COO Phil Rasori. in LOS, connecting to this API will provide more accurate and timely ‘Held For Sale’ reports.”

MCT is working with many full loan buyers to automate the delivery of their buying advice in MCTlive! MCT can be contacted to start the process of automating buying advice for buyers or sellers of whole loans.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a mortgage portfolio hedging company to the premier provider of fully integrated financial markets technology and services. MCT offers a range of best-in-class services and software covering mortgage pipeline coverage, best execution loan sales, outsourced foreclosure solutions, MSR portfolio valuations, business intelligence analysis, services to market and an award-winning complete solution. capital markets software platform called MCTlive! MCT supports independent mortgage bankers, custodians, credit unions, warehouse lenders and correspondent investors of all sizes. Based in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of financial market experts and experienced traders who continue to deliver the hands-on, boutique-style engagement that clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:

Ian Miller

Marketing Director

Mortgage capital negotiation

619-618-7855

pr@mctrade.net

MULTIMEDIA:

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News Source: Mortgage Capital Trading Inc.

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