Latest news with #PhilRasori
Associated Press
14-03-2025
- Business
- Associated Press
Collaboration Between MCT and Fannie Mae Improves Pricing for Mortgage Sellers on Select Loans
- Unique Bid Tape Pricing API to Deliver More Granular Pricing Alongside Cash Window - SAN DIEGO, Calif., March 13, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced their integration with Fannie Mae's new Loan Pricing API. By combining various price factors and utilizing a broader set of data found in bid tapes, the new API provides greater price transparency on certain loans. This is the latest in a series of recent collaborations between MCT and Fannie Mae intended to provide additional benefit and value to mortgage secondary market participants. This new API will provide greater transparency into the granular level pricing Fannie Mae provides to sellers on MCT Marketplace – the largest mortgage asset exchange for the U.S. secondary market. 'As the needs of borrowers and those who serve them evolve, Fannie Mae remains committed to investing in and delivering value through the products and services it offers,' said Pete Skarnulis, Single-Family Business Account Management Solutions – Vice President at Fannie Mae. 'The new Loan Pricing API offers comprehensive pricing and a more streamlined process for obtaining the most up-to-date pricing information that creates a better experience for our industry partners.' For mutual clients, pricing from the new API is integrated seamlessly into execution analysis, commitment, and delivery processes in MCT Marketplace. Fannie Mae sellers will retain access to the other execution options they had previously, such as the Cash Window and Servicing Marketplace®. 'Through our strong collaboration with Fannie Mae over the years, we have made it a top priority to push the secondary market forward through technology for the benefit of mutual clients,' stated Phil Rasori, COO at MCT. 'We're proud to have jointly deployed Fannie Mae's new Loan Pricing API.' Learn more about the features, benefits, volume, and performance of MCT and Fannie Mae technology collaborations for mortgage lenders. MCT and Fannie Mae will be available and sharing more information about their efforts for mutual client benefit at the upcoming MCT Exchange conference in San Diego held March 27-28, 2025, including the keynote presentation by Olga Gorodetsky, Director of Capital Markets at Fannie Mae. 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. MCT Media Contact: Ian Miller Chief Marketing Officer Mortgage Capital Trading 619-543-5111 NEWS SOURCE: Mortgage Capital Trading Inc. Keywords: Mortgage, Mortgage Capital Trading, MCT, Fannie Mae Loan Pricing API, fintech, mortgage secondary market participants, SAN DIEGO, Calif. Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P124735 APNF0325A
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
