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MCT Trading, Inc.
Kerry Masterson Joins MCT Trading as Midwest Regional Director
June 1, 2012
SAN DIEGO, Calif., June 1, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that Kerry Masterson has joined the company as Regional Director where he will be responsible for growing and managing the Midwest territory.
“Kerry is a strategic senior sales professional who has a consistent record of developing new accounts using a highly consultative approach to prospective clients,” said Bill Wooten, National Sales Manager at MCT. “He possesses expertise in an array of different areas of mortgage banking and has a unique ability to quickly build rapports and establish lasting relationships. We are lucky to have someone of Kerry’s talent join the sales team at MCT and we look forward to working with him to establish a strong presence in the Midwest.”
Kerry has an extensive background in correspondent and wholesale lending working with new and existing mortgage banking clients. Before MCT, he was an account executive at PHH Mortgage where he significantly grew the active customer base and origination fundings within his territory in under a year. Prior to PHH, Kerry held several positions in the correspondent division of Cit Mortgage. At Citi, he achieved team-leading sales results year-over-year in new client acquisitions, surpassing his target goal by more than 150 percent. Kerry also spearheaded a diverse range of programs and projects leading to improved market presence, increased annual profitability and expense reductions.
He has been acknowledged with a number of prestigious sales accolades throughout his career. Kerry holds a bachelor of science in business administration with a concentration in marketing from Saint Louis University and is an active participant in the mortgage industry.
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. For more information, please visit http://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. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading Hires Tawab Abawi as Senior Trader
May 25, 2012
SAN DIEGO, Calif., May 25, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that it added Tawab Abawi to its capital markets trading team.
Tawab comes to MCT from Bank of America where he was a vice president on the negotiated trade desk for its correspondent lending group within the home loans and insurance division. His primary responsibilities at the bank included maximizing revenue, minimizing risk and increasing market share for clients nationwide. He has a strong track record for developing and maintaining relationships with hundreds of correspondent lenders, financial institutions and numerous hedge advisory firms.
He has extensive experience in loan trading, secondary marketing, correspondent lending, risk and margin management, financial modeling and analysis, forecasting and planning, transaction management, asset-based lending and financial reporting. In addition to being a senior trader on the negotiated desk, Tawab also held the positions of assistant vice president and senior pricing analyst while at Bank of America.
“Bringing Tawab on board adds yet more depth to our already experienced trading team,” said Curtis Richins, president of MCT. “As MCT continues to grow and help lenders transition from a best efforts to mandatory loan sales, we want to ensure that we maintain superior service and close working relationships with clients. Being well-staffed with senior traders such as Tawab allows us to dedicate an individual market analyst to each and every one of our customers.”
Abawi holds a Bachelor of Science in Business with a major in Finance and a concentration in Financial Risk Management from Virginia Polytechnic Institute and State University (Virginia Tech).
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 75 clients on the HALO (Hedging And Loan sales Optimization) Program. 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. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading Officially Launches LockCentral Service for Lenders
May 2, 2012
SAN DIEGO, Calif., May 2, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced it established an outsourced service that implements and manages a centralized lock desk for mortgage bankers that offers them a viable alternative to operating an in-house lock desk. LockCentral saves time, ensures pricing accuracy, frees secondary marketing personnel to assume other responsibilities, and brings a number of new efficiencies to secondary marketing departments.
“We established LockCentral specifically for mortgage bankers that want to operate a centralized lock desk without having to incur the expenses of additional full time resources and to also improve on data integrity for our hedging clients,” said Curtis Richins, president of MCT.
“Running an efficient lock desk is paramount to a lender’s profitability. However, the successful implementation and effective management of an internal desk can be very involved and time consuming, and not all secondary marketing departments are ready to adopt, implement and efficiently utilize what are generally complicated, onerous locking tools that often fall short of profitability expectations.”
LockCentral is a proven model that is run by a dedicated team of seasoned secondary marketing analysts who reside in multiple MCT offices across the country in different time zones, which is designed to provide responsive customer service levels to clients. The LockCentral offering also allows lenders to private label their lock desks, enabling secondary staff to work with MCT analysts while eliminating the onus of managing locking tasks so they can focus on other duties.
LockCentral’s benefits include:
* Access to a full suite of services at a significant reduction in costs
* Gain lock management and pricing accuracy assurance
* Rapid scalability to handle changes in volume
* Redundant price/margin verifications are provided for all lock requests and updates
* Secondary and hedging training is provided to existing lock desk personnel
* Service is available for both best efforts and mandatory sellers
* Provides secondary loan re-pricing
* Enacts instant auto lock submissions and confirmations
* Detailed tracking and reporting delivers newfound visibility.
MCT will be holding discussions about its LockCentral service at the MBA’s National Secondary Marketing Conference and Exposition in its suite at the Intercontinental in New York, New York. MCT’s suite is located in is in the Central Park Room on the Ballroom level. To schedule a meeting, contact Kim Moore at (469) 202-7161 or via email at kim.moore@mctrade.net.
About MCT Trading:
MCT Trading, Inc. 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, CA in May 2001, the company has expanded to include field sales and support offices in Philadelphia, PA; Dallas, TX; Charlotte, NC; and San Francisco, CA. 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.
For more information, please visit http://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. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
MCT Trading’s COO Scheduled to Speak at Market Insight Conference
April 25, 2012
SAN DIEGO, Calif., April 25, 2012 (SEND2PRESS NEWSWIRE) — MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that its COO, Phil Rasori, will speak on a panel at the Mortgage Insight Conference on April 26 in Sacramento, California. The session will analyze the future of the mortgage business and address the challenges and opportunities facing loan originators.
The panel, which is geared toward loan originators, will feature a lineup of industry experts that features David Battany, director at PennyMac; Sue Woodard, president of the Mortgage Market Guide; Phil Rasori, chief operating officer at Mortgage Capital Trading; and Rob Chrisman, capital markets consultant. The event will be moderated by Jeff Tarbell, vice president of Comstock Mortgage and host of the Talkin’ Money show on CBS radio.
Key topics to be discussed include:
* A cloud view of the industry from Rob Chrisman;
* The impact of HARP 2.0;
* Identifying a myriad of new changes with the FHA;
* Effective marketing and database management for 2012;
* How to best compete with the big box banks;
* The future of Fannie Mae;
* Defining loan hedging;
* Why only certain rates get offered (rate shelf).
Session details:
Date: Thursday, April 26, 2012.
Time: 12 p.m. – 4 p.m. Pacific Time.
Location: Arden Hills Resort Club & Spa, Sacramento, Calif.
The Mortgage Insight Conference is sponsored by Comstock Mortgage. For more information, visit www.insightconference.net or call 800-955-6180.
About MCT Trading:
MCT Trading, Inc. 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, Calif. in May 2001, the company has expanded to include field sales and support offices in Philadelphia, Pa.; Dallas, Texas; Charlotte, N.C.; and San Francisco, Calif. MCT is recognized as a leading provider of mortgage pipeline hedging service and currently supports more than 70 clients on the HALO (Hedging And Loan sales Optimization) Program. 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. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
