Mortgage Capital Trading (MCT) capital markets platform MCTlive! Is being integrated with the Fannie Mae Connect Whole Loan Purchase Advice Seller API. This integration allows MCT Mark-to-Market and Hedge Accounting Reports to be updated with Fannie Mae purchase data instantly, instead of waiting to run reports through a loan origination system (LOS). This will also allow MCTlive’s Loan Commitment Tracker to automatically draw down outstanding commitments as loans are purchased by Fannie Mae.
MCT is a provider of fully integrated capital markets services and technology. Through their array of services, MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.
“We thank Fannie Mae for again providing leadership in API system to system communication in capital markets,” MCT Chief Operating Officer Phil Rasori said. “As the largest purchaser of whole loans in the MCT lender client base, integrating to the Fannie Mae Connect Whole Loan Purchase Advice Seller API completes a large step in MCT’s roadmap for automating and independently verifying performance reporting. By removing manual data entry into the LOS the connection to this API will provide more accurate and timely ‘Held For Sale’ reporting.”