MCT Trading Launches HALO-Link(TM) Pipeline Data Interface for LOS Platforms

Enhancement automates loan pricing data feeds for LOSs into MCT's Hedging and Pipeline Management platform

      

Mon, 22 Oct 2012, 15:48:08 EDT
Edited by Debra Tone

CHICAGO, Ill., Oct. 22, 2012 (SEND2PRESS NEWSWIRE) -- MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced at the 99th MBA Annual Convention and Exposition that they developed an integrated interface that connects loan origination systems (LOS) with its proprietary HALO (Hedging And Loan sales Optimization) platform(SM). The interface enables seamless pipeline and trade data exchange to occur automatically from any supported LOS to the HALO platform.

HALO-Link

CHICAGO, Ill., Oct. 22, 2012 (SEND2PRESS NEWSWIRE) -- MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced at the 99th MBA Annual Convention and Exposition that they developed an integrated interface that connects loan origination systems (LOS) with its proprietary HALO (Hedging And Loan sales Optimization) platform(SM). The interface enables seamless pipeline and trade data exchange to occur automatically from any supported LOS to the HALO platform.

Dubbed HALO-Link, the integration allows for consistent time or change-based delivery of loan pricing, trade and pipeline data from a lender's LOS pricing engine directly to and from MCT's clients-specific HALO database. This guarantees 100 percent data consistency from LOS to MCT and works to ensure that each client's pipeline of locked loans is accurately priced and optimally hedged. As a result of the new interface, lenders realize higher profit gains from MCT's mandatory trade executions to investors.

"Some lenders send us intermittent pipeline reports, but by using HALO-Link, this process is automated and loan pipeline data is automatically delivered directly into our proprietary HALO hedging model," says Phil Rasori, COO at MCT. "HALO-Link effectively eliminates several manual steps in the data acquisition process, resulting in rapid reporting, the elimination of errors, cost savings and greater profitability via MCT's mandatory loan sales to investors. We already have a number of clients using Encompass360(R) as their LOS that are successfully utilizing our HALO-Link interface and reaping the benefits of the enhanced, automatic data feed. We have plans to integrate with additional leading LOS providers."

By taking advantage of Halo-Link, lenders are able to improve the timeliness of data transmission, reduce data related errors, and ultimately realize better gain-on-sale performance on their hedged pipelines.

Discussion times with MCT at the MBA Annual Convention and Exposition can be arranged in the company's meeting suite at the Trump International Hotel and Tower by calling (619) 534-1597 or emailing tfarmer@mctrade.net.

About Mortgage Capital Trading:

MCT Trading is a risk management and advisory services company providing independent analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market. Founded in San Diego, California in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Dallas, Charlotte, St Louis and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 75 clients on the HALO (Hedging And Loan sales Optimization) Program. MCT also offers a service that effectively outsources a centralized lock desk for mortgage bankers called LockCentral. For more information, please visit www.mct-trading.com or call (619) 543-5111.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com.

NEWS SOURCE: MCT Trading, Inc.

For more information regarding this press release, please visit:
http://www.mct-trading.com/
Send2Press® is the originating wire service for this story “MCT Trading Launches HALO-Link(TM) Pipeline Data Interface for LOS Platforms” and content is Copr. © 2012 MCT Trading, Inc. with newswire copy Copr. © 2012 Send2Press (a service of Neotrope). All trademarks acknowledged.

TERMS OF USE: rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
NOTICE: THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (MCT Trading, Inc.), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS OR CONCERNS ABOUT THIS NEWS ANNOUNCEMENT, PLEASE CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Reads as of Friday, Apr 25 2014 - 01:26:26 AM EDT:
2060 times (1 today, 8 this week, 28 this month, 153 this year)