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Associated Press
27-02-2025
- Business
- Associated Press
MCT Introduces Atlas: Generative AI Advisor for Mortgage Capital Markets
SAN DIEGO, Calif., Feb. 27, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of Atlas, an artificial intelligence (AI) advisor now available within the MCTlive! platform. Atlas serves as a virtual capital markets expert and high-quality educational resource for MCT's mortgage lender clients. With this launch, effective February 10, 2025, MCT continues its tradition of innovation in secondary marketing technology, offering clients instant access to expert knowledge and paving the way for future AI-driven workflows that will save clients time and improve their financial performance. 'We're proud to be the first mortgage capital markets platform to put AI in the hands of every client,' said Phil Rasori, COO of MCT and architect of Atlas. 'AI has the potential to improve performance and act as a force multiplier for capital markets professionals, but only if it is deployed responsibly and transparently with careful protections for client data ownership and privacy.' Atlas is built to the highest standards of data security and privacy after a year of careful planning, development, and testing by internal teams: No client data has been exchanged with or used to train Atlas. Atlas was trained on proprietary educational material, which is continually expanded as new innovations and subjects are covered. The large language model supporting Atlas follows a strict escrow process that warrants its isolation from both developers and user data. Retrieval augmented generation keeps the knowledge base stored in MCT's private cloud environment. Limited context 'chunks' and function calling are used to further reduce external data transfer. 'Leadership through industry expertise and exceptional client service have been enduring core values at MCT,' said Curtis Richins, CEO. 'Now we are extending that capability through Atlas, providing the collective knowledge of our experts on-demand. Whether clients are looking for instructions on platform processes or explanations of key calculations, they can now get answers with unprecedented speed and transparency.' Atlas is currently designed for expertise distribution, effectively providing instant access to the combined knowledge base of MCT. Atlas will soon expand to include agentic report summarization and the ability to conduct core processes, which will be debuted at the MCT Exchange client conference to be held in San Diego next month. As these functions are made available, an opt-in will be provided that defines the limited client data that will be required to enable these and future capabilities. Mortgage lenders interested in the benefits Atlas can provide their secondary marketing operations are encouraged to contact MCT. About MCT: For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged – offering clients the tools to perform under any market condition. For more information, visit or call (619) 543-5111. MEDIA CONTACT: Ian Miller Chief Marketing Officer Mortgage Capital Trading 619-618-7855 NEWS SOURCE: Mortgage Capital Trading Inc. Keywords: Mortgage, Mortgage Capital Trading Inc., MCT, fintech, mortgage secondary market, Generative AI Advisor, Mortgage Capital Markets, SAN DIEGO, Calif. Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P124352 AP-R15TBLLI
Associated Press
06-02-2025
- Business
- Associated Press
Mortgage Lock Volume Stays Flat in Latest MCT February Indices
SAN DIEGO, Calif., Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 0.12% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report for a deeper understanding of the latest market trends and dynamics. Despite the drop in refinance volume, purchase volume has remained steady, resulting in relatively no change in overall production volume month-over-month. The stability in purchase volume continues to support market activity while the industry awaits potential shifts in interest rates. MCT's data did show an increase in refinance production in the latter half of January. However, this uptick is likely attributable to the seasonal lull of the holiday period when compared to the end of December. The outlook for the upcoming Federal Reserve meeting remains uncertain, as additional data is required to refine market predictions. 'Tariffs, if or when implemented, may have an impact on inflation which will have influence over the next Fed decision,' said Andrew Rhodes, Senior Director and Head of Trading at MCT. 'This, along with upcoming Nonfarm payroll and Consumer Price Index (CPI) reports, will help determine the outlook for mortgage rates heading into the Spring season.' MCT's latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape. To access the full report and learn more about MCT's innovative solutions, visit MCT's website. MCT's Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT's national footprint. About MCT: For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT's stewardship. MCT's technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition. For more information, visit or call (619) 543-5111. MEDIA CONTACT: Ian Miller Chief Marketing Officer Mortgage Capital Trading 619-618-7855 [email protected] NEWS SOURCE: Mortgage Capital Trading Inc. Keywords: Mortgage, Mortgage Capital Trading Inc., MCT, mortgage lock volume, mortgage capital markets technology, SAN DIEGO, Calif. This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P123895 AP-R15TBLLI
