“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 .

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 .

Rasori is recognized for his industry contributions in helping mortgage bankers implement effective loan pricing and pipeline hedging strategies that result in greater profitability and risk management for lenders. Further, he developed a unique model, dubbed HALO (Hedging And Loan sales Optimization), which effectively supports clients in secondary marketing that are making the complex transition from best efforts loan sales to mandatory commitments.

National Mortgage Professional magazine cites individuals who make the list as being executives who continue to forge ahead, lead by example, set the bar high for education, professionalism and excellence in the mortgage industry.

Rasori is a respected thought leader in capital markets operations within the mortgage banking community and regular participates in panel sessions and serves as a thought leader in the media. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed MCT’s ground-breaking mortgage pipeline hedging algorithms that form the foundation of the company’s proprietary HALO program. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Rasori has consulted with GSE agencies and the U.S. Government on hedging best practices for community banks. He has functionally led MCT’s operations since 2005 and ascended to his current role as COO in 2007.

Rasori is a member of the Mortgage Banking Association of America, the California Mortgage Bankers Association, Texas Mortgage Bankers Association and is an active philanthropist in his community. He was instrumental in helping MCT consecutively double annual corporate revenue in 2010 and again in 2011.

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 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 .

Mr. Rasori’s portion of the presentation will address the primary characteristics to look for in a risk management and hedging advisory firm such as track record, training programs, support services, reporting capabilities, technology integrations, secondary/lock desk communications and more. Attendees will leave the session with information to consider when selecting a firm that is right for their specific secondary marketing strategy. Panelists will field questions from the audience during and after the presentation.

Session Moderator:
* Andy Schell, Mortgage Banking Solutions.

Session Panelists:
* Philip Rasori, MCT Trading, Inc. (MCT).
* Don Brown, Secondary Interactive.
* Bob Gundel, Compass Analytics, LLC.

Session Information:
Topic: Risk Management Advisors.
Date: Wednesday, January 18, 2012.
Time: 3:30 p.m. to 5:30 p.m. Central Time.
Location: Marriott Woodlands Waterway Hotel.

MCT will be holding meetings with interested lenders while at the conference. Contact the company to arrange a discussion time at (619) 543-5111 or via e-mail tfarmer@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 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.

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 received Medallion recognition in the small company category of less than 149 employees, specifically for its commitment to staff retention. Companies in each category move through several rounds of an application process whereby a panel of judges ultimately evaluates and scores their workplace excellence practices.

“Since day one, MCT has focused heavily on investing in our employees by creating an innovative and open environment where they are both challenged and feel valued,” said Curtis Richins, president of MCT. “We strongly believe the culture MCT has developed directly translates into the superior service our customers receive, and it’s an honor to be recognized with the San Diego SHRM Medallion award.”

Founded in 2001, MCT boasts nearly a 100 percent retention rate for both its employees and customers. In 2011, MCT expanded its San Diego-based headquarters and its San Francisco office, and opened new offices in Philadelphia and North Carolina. The company was named to Inc. 5000′s 2011 fastest-growing private companies list with a rank of 39 in the financial services category and an overall rank of 776.

MCT has an impressive three-year sales growth rate of 405 percent and it consecutively doubled annual corporate revenue in 2010, and again in 2011. The company recently celebrated its ten year anniversary.

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 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 .

Mr. Itkin has nearly 15 years of mortgage banking and capital markets experience that further bolsters MCT’s management team. He is well-known and highly regarded in the mortgage industry, holds deep experience in secondary marketing, loan pricing and pipeline hedging, and has a noteworthy track record of growing the revenue and profitability of business units under his watch

“We are fortunate to add an executive of Ben’s caliber with extensive capital markets experience and knowledge of the ins and outs of the mortgage industry,” said Curtis Richins, president at MCT Trading, Inc. “We look to Ben to improve our clients’ efficiency and execution within the MCT HALO Program and to structure innovative loan sale strategies that enable our clients to maximize profit performance. He will undoubtedly contribute significantly to our pipeline hedging disciplines while providing additional risk management know-how to our clients.”

Prior to joining MCT, Mr. Itkin was the senior vice president for Bank of America’s Negotiated Trade Desk for the correspondent lending channel. Before that, he was the first vice president of negotiated trading for Countrywide Home Loans, where he also held the position of first vice president of bulk trading for its correspondent lending business. In addition, Mr. Itkin was a senior brand manager in the warehouse lending unit at Indymac Bank. He holds an MBA from California State University, Northridge.

MCT continues to grow at an enviable rate. Earlier this year, the company was named to Inc. 5000′s 2011 fastest-growing private companies list. MCT ranked 776 on the list with an industry rank in the financial services category of 39 and an impressive three-year sales growth rate of 405 percent. The company has been adding staff and office space to support its growing client base in a strategic, carefully planned fashion. MCT has consecutively doubled annual corporate revenue in 2010, and again in 2011.

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 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 .

When diagnosed 16 years ago, Shirk closed his highly successful advertising agency, but was determined to make the most of his remaining years. IBM victims often die early, usually from pneumonia, as the muscles that support breathing and swallowing grow weaker. Today Mike feels fortunate that he has survived so long, which he attributes to remaining active and productive.

Mike’s blog features solutions to everyday living challenges he encounters as the debilitating effects of IBM increase. Mike shares everything from evaluating can and bottle openers to selecting vehicles and scooters. When easy-off, easy-on clothing was difficult to find, Mike bought a sewing machine and soon was making his own pants and even shoes.

Soon after diagnosis, Shirk began serious study of painting in watercolors. Mike thanks his wife, Beth, an accomplished artist, for his inspiration. Within a few years, his paintings had won national awards, been sold to dozens of collectors and he had become president of the prestigious San Diego Watercolor Society. During his term, Shirk relocated the Society to spacious new quarters and personally wrote business software applications to automate membership, paint-outs, calendars, exhibitions, and classes.

Mike also credits Apple products for making his life productive. He owns an iMac, MacBook Pro, an iPad and an iPhone. His new music video was made with Apple applications. Once a 100 WPM typist, Mike’s frozen fingers no longer can manipulate keyboards and he now dictates through the iPhone 4′s voice recognition software.

As long as he can, Shirk will continue to inspire the disabled and the rest of us. Will Mike give up? As these partial lyrics from his song say,
No, I won’t stand for that,
I’m too much man for that.
I never planned for this,
But life’s to grand for this.”
There are stories to be written,
And lessons to be learned.
Feelings to be captured,
And love to be returned.

Music is a growing part of medical therapy. It’s working for Mike.

Learn more at: www.lifedisabled.com .

- Image caption: Mike Shirk sings about IBM and adapting.

News Source: Mike Shirk :: 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 .

The paper is written as an executive brief for mortgage bankers considering making the intricate switch from a best efforts delivery platform to a mandatory delivery model, and also for companies that may already use a mandatory model but are looking for other options to help them be more successful. It identifies key characteristics of an effective pipeline hedging strategy, offers recommendations when evaluating advisory services, provides technology tips, identifies potential issues, overall benefits and more.

“There are number of different pitfalls lenders need to be cognizant of when making the move from best efforts loan sales to mandatory commitments,” said Curtis Richins, president of MCT. “Switching to pipeline hedging is a significant, fundamental shift in a lender’s secondary marketing strategy. It’s the road to greater profitability and risk mitigation, but selecting the wrong firm to help successfully make the change can be precarious. This white paper provides valuable information and a readiness check list by which to select the right firm for your specific business model.”

The white paper stresses that if properly utilized, a sound pipeline-hedged, mandatory-execution secondary market strategy will provide new levels of profitability, control, and flexibility to best-efforts lenders.

Notable is that earlier this month MCT was named to Inc. 5000′s 2011 fastest-growing private companies list. The company 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.

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 trading desks in Philadelphia and San Francisco along with field sales and support offices in Dallas and Charlotte. 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 .

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.

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 .

Vice president of capital markets for Utah-based Veritas Funding, Steve Wilkinson has been a mortgage lending professional for nearly 25 years, and advocates technology as the key to compliance, workflow efficiency, and profitable loan salability.

“DMD just gets better and better and better, and that enables me to fine tune strategies with the benefit of intelligent, rules-based technology,” Wilkinson said. “For example, by linking DataTrac with Optimal Blue for pricing and Secondary Interactive for hedging, I’ve shrunk my closing department from eight or nine people to only a couple because of technology.”

“When DMD releases an upgrade to its product suite, it has the net effect of improving mortgage technology performance across the board for its clients,” Wilkinson added.

The DMD 10.0 Product Suite release includes 240 enhancements developed in conjunction with hundreds of DMD mortgage banker clients to enable more effective adaptation to the “compliance first and foremost” mortgage lending market place. Some of the upgrades to DMD’s flagship automated workflow platform, DataTrac, include changes required by Dodd-Frank such as an updated Statement of Credit Denial (Adverse Action Notice); new risked-based pricing fields; loan originator compensation calculators; enhanced task management; and improving the flow of data throughout loan origination.

DataTrac Originator (“DTO”) is a point-of-sale solution for loan officers that leverages robust field-level security, business rules, and the ability to automate data entry based on conditional statements. DTO provides mortgage bankers unprecedented control over the application, disclosure, and processing functions. The lender’s data is exclusively stored in a SQL database, eliminating “folder management” and dramatically accelerating performance as compared with “flat file” architectures.

Other DTO features include: a Security Manager that provides centralized administration of tasks including maintaining organizations, security profiles, users, object permissions, the processing log, validation rules, statuses, roles, and parties; field level security-fields for “read-only” or “editable” per security profile; a “sandbox mode,” where loan data can be manipulated for different loan scenarios without changes saving to the loan file; process visibility via audit and print logs; and dynamic data integration throughout the loan origination lifecycle.

DMD’s paperless lending solution, DataTrac EDM, has been upgraded to improve annotations management, to increase speed/performance of Investor bundle deliveries; and other efficiency improvements to streamline and shave time from the loan origination process.

DMD’s Vendor Services Platform (VSP) upgrade includes a new interface with DocMagic XL; added customizable fee/impound mapping to ComplianceEase administration; and an enhanced ComplianceEagle interface to return additional flood request/response information to the DataTrac system of record.

About Del Mar DataTrac (DMD):
Marking its 20th business anniversary in 2011 and with more than $2 trillion in mortgage loans funded through DataTrac since its inception, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions.

DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal and commission engine, and a management dashboard – all in a paperless environment.

The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency.

For more information, visit www.dmdinc.com .

News Source: Del Mar DataTrac :: 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 .