SAN DIEGO, Calif., Aug. 31, 2011 (SEND2PRESS NEWSWIRE) -- MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced today that it has been named to Inc. 5000's 2011 fastest-growing private companies list. MCT ranks 776 on the list with an industry rank in the financial services category of 39 and impressive three-year sales growth of 405 percent.
MCT joins the distinguished company of organizations such as Zillow, iContact, Spirit Airlines, Dunkin Donuts, television maker Vizio, and Honest Tea, among other prominent brands featured on this year's list. The full list of Inc. 5000 companies can be found at www.inc.com/5000 along with their profiles and statistics, which can conveniently be sorted by industry, region and other criteria.
"We are proud to have earned a high ranking spot on this year's Inc. 5000 list," said Curtis Richins, president of MCT. "In 2010, we doubled our revenue and are tracking to do it again this year. I attribute this achievement to the passion, dedication and satisfaction our employees have for helping our clients manage risk and increase profitability amid a very challenging, profit-pinched market."
In a stagnant economic environment, the median growth rate of the Inc. 5000 companies remains at an impressive 94 percent. The magazine reports that the companies on this year's list collectively created 350,000 jobs in the past three years, with aggregate revenue among the honorees reaching $366 billion, up 14 percent from the previous year.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs and drive the economy forward," states Inc. magazine Editor Jane Berentson. "Growth companies, not large corporations, are where the action is."
Richins added: "In order to grow at a healthy rate and avoid growing pains, we recently expanded our San Diego headquarters and also opened up an East Coast office in Philadelphia to continue providing elevated service to our clients. The unique value proposition and results we deliver to our clients operating in an ever-changing business climate requires lots of coaching, education and attention. We're growing rapidly but have proactively taken measures to build an infrastructure that supports our model well."
MCT is comprised of a group of senior mortgage banking professionals that hold years of deep experience in capital markets trading. The company recently celebrated its tenth anniversary of being in business.
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 and San Francisco. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 60 clients on the HALO (Hedging And Loan sales Optimization) Program. For more information, please visit www.mct-trading.com or call (619) 543-5111.
About Inc. Magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
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