Lenders can now transmit hedged pipeline data directly to Mortgage Capital Trading via Mortech’s Marksman
LINCOLN, Neb.—December 2, 2014 — Mortech, a Zillow® business providing mortgage technology software solutions for mortgage bankers and secondary market teams, today announced the integration of mortgage pipeline hedging and risk management leader, MCT Trading, Inc. (MCT) into Mortech’s product and pricing engine, Marksman®. Using MCT’s award-winning real-time trading and best-execution product, MCTliveTM, lenders can now manage hedging, trading, and pipeline risk all in one place.
While using Mortech’s Marksman, mortgage lenders can seamlessly transfer their pending and locked loan scenario data from Marksman, directly to MCTliveTM, ensuring that loan officers’ pipelines of locked loans are accurately priced and optimally hedged.
“By adding hedging into their secondary marketing solutions, lenders are better equipped to make smarter lending decisions,” said Doug Foral, general manager of Mortech. “The partnership between Mortech and MCT is a win-win for our customers.”
"We’re excited about the integration of the two systems and believe they’ll complement our efforts to provide our shared customers the very best service and support,” said Chris Anderson, senior vice president at MCT Trading, Inc. "This partnership between MCT and Mortech will result in higher efficiencies and informational exchange improvements.”
About Mortech, a Zillow business
Lincoln, Neb.-based Mortech was founded in 1987 to provide product and pricing engine (PPE) solutions, including best execution pricing, eligibility, detailed profits structures, and best execution MI, all for an extensive list of investors; lead management solutions, including a sophisticated sales dashboard, ratetracker, automated lead distribution and email marketing; and lock desk solutions, including lock pipeline management, custom reporting, LO compensation, LOS integration, and the ability to lock directly with investors. Thousands of correspondent lenders, bankers, credit unions, and smaller community lenders use Mortech tools. In addition, Mortech provides mortgage product and pricing information to some of the top real estate and banking websites, including Zillow, Bankrate® and LendingTree®. Mortech has been recognized by Mortgage Technology magazine as a Top 50 Service Provider every year since 2010. The company won a 2010 Mortgage Technology magazine Synergy Award with AllRegs®. In 2012, Mortech was acquired by leading real estate information marketplace, Zillow, Inc. To learn more about Mortech, visit www.mortech.com.
Zillow, Mortech, and Marksman are registered trademarks of Zillow, Inc. AllRegs is a registered trademark of Mortgage Resource Center, Inc. Bankrate and Bankrate.com are registered trademarks of Bankrate, Inc. LendingTree is a registered trademark of LendingTree, LLC.
About Mortgage Capital Trading
MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, San Francisco and Charlotte. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 100 clients on the HALO (Hedging And Loan sales Optimization) Program. The company also developed and supports MCTlive!™, an award-winning real-time, trading and best-execution secondary marketing platform. In addition, MCT offers a central lock desk service called LockCentral™ that allow mortgage bankers to effectively outsource the lock desk function. For more information, please visit www.mct-trading.com or call (619) 543-5111.