MCT Trading Launches LockCentral Service For Lenders

MCT Trading Inc., a San Diego-based provider of mortgage pipeline hedging and risk management services, has established an outsourced service that implements and manages a centralized lock desk for mortgage bankers that offers them a viable alternative to operating an in-house lock desk.

According to the company, the new LockCentral service is designed to save time, ensure pricing accuracy and offer a number of new efficiencies to secondary marketing departments. The LockCentral offering also allows lenders to private label their lock desks, enabling secondary staff to work with MCT analysts while eliminating the onus of managing locking tasks so they can focus on other duties.Â

LockCentral's benefits, according to MCT, include redundant price/margin verifications for all lock requests and updates, secondary and hedging training for existing lock desk personnel, secondary loan re-pricing, and instant auto-lock submissions and confirmations.

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