Steve Pawlowski has joined Mortgage Capital Trading, Inc. (MCT) as as managing director, head of technology solutions.
Pawlowski brings extensive industry experience to MCT, including 30+ years with Fannie Mae’s Capital Markets and Single- Family Digital Products and Services organizations.
Pawlowski and his team were instrumental in developing Fannie Mae’s Servicing Marketplace and the original, first-of-their- kind pricing and commitment APIs.
The addition of the former Fannie Mae tech pioneer further cements MCT’s position as a dominant provider of mortgage capital markets technology, the company says in a release.
In his new role, Pawlowski will be responsible for expanding upon MCT’s proven record of driving efficiency and liquidity in the secondary market.
“Steve’s technology leadership while at Fannie Mae heralded a new era of capital markets transparency to the lender,” says Phil Rasori. “MCT is building on that effort in numerous ways, including initiatives to bring back-end pricing closer to the front-end pricing that mortgage borrowers receive. We’re proud Steve will be applying his vision and expertise to MCT Marketplace and other best- in-class software solutions.”
MCT Marketplace users include 30% of all correspondent sellers and over 90% of active correspondent buyers, making it the largest whole loan exchange by number of participants in the U.S. market. In addition to whole loans, MCT’s software solutions are leading venues for flow servicing, bulk MSR, and TBA transactions.
“MCT was the fastest and most comprehensive technology partner I worked with on API development while at Fannie Mae,” says Pawlowski. “I couldn’t be more excited to apply my institutional expertise to this agile and committed technology development team.”