Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has introduced InvestorMatic, a new program designed to improve the lender experience in selling whole loans to correspondent investor counterparts.
The firm says it designed this new solution amid increasing marketplace demands to digitize the mortgage loan trading process.
The mortgage secondary market has traditionally been wrought with diverse and inefficient methods by which to communicate, initiate and accept loan bids, and complete whole loan sales between sellers and buyers, the company says in a release.
The InvestorMatic program aims to address this problem and is the latest in a series of client-driven innovations that aim to help MCT clients optimize secondary marketing performance.
InvestorMatic includes a technology certification process that reviews and rates correspondent investors based on the convenience and depth of their whole loan sale process, as well as a suite of supporting software that assists correspondent investors in elevating the seller experience in key areas.
This combination results in a more efficient, streamlined and secure whole loan trading process, the company says in a release.
MCT says it conducted extensive research in the development of InvestorMatic, which identified five key components of the loan selling experience that lenders are looking for from their correspondent investors, including faster pricing and commitment turn times; fully functioning Bid Tape AOT delivery channels; encryption of data in transit and at rest; real-time shadow bids and pricing; and bid tape mark-to-market pricing.
Based on performance in these key areas, MCT will be certifying applicable correspondent investors at bronze, silver, and gold technology certification levels before said levels are published in early December.
These certifications will provide a handy reference to lenders on the technology experience they can expect when considering a relationship with a particular investor.
These certifications are made free-of-charge and regardless of the systems used, but InvestorMatic software is available to support interested investors.