Mortgage Capital Trading (MCT), a mortgage hedging advisory and secondary marketing software company, has introduced new technology for Mortgage Servicing Rights (MSR) buyers to produce more granular pricing for mortgage servicing . The feature leverages an application programming interface (API) to connect MSRlive!, MCT’s industry-leading MSR grading platform, to client systems for more accurate, real-time loan-level pricing.
MCT’s goal is to ensure that its software additions generate more profitability and increase efficiency. With MCT’s new API, users can efficiently develop a pricing strategy that includes key loan-level characteristics such as property location, FICO, loan-to-value (LTV) ratio and more in real time to evaluate a complete set of data. which contributes to a winning pricing strategy.
The main benefit of this new feature is how it educates users and helps buyers avoid overpaying for potentially underperforming assets. The functionality of the system provides information to service buyers to ensure loan-by-loan pricing levels are appropriate and justified.
“The competitive landscape has highlighted the challenges of applying multiple statics across all LTVs and FICOs and has reinforced the importance of a more strategic pricing strategy,” said Bill Shirreffs, Head of MSR Services and sales operations at MCT. “MCT’s MSRlive!” The API is purpose-built to provide granular, loan-level MSR pricing based on your cost assumptions and return expectations. Ultimately giving you more confidence.