Mortgage Capital Trading’s (MCT) BAMCO software brings co-issue loan sale transactions directly into MCT’s whole loan trading platform. This capability makes the process of selling co-issue loans more convenient and transparent. BAMCO supports live, flow-based, loan-level MSR pricing, expanding execution options for sellers while creating new client acquisition opportunities for buyers. BAMCO brings a new section featuring direct co-issue pricing for both approved and unapproved buyers. Co-issue buyers have the choice to deliver standard grid-based co-issue pricing or loan-level bid tape co-issue pricing.
At less than a month old, BAMCO supports about 150 lenders who are taking advantage of the technology. There are daily executions from participating buyers with more being added within the next few weeks. Since launching in early December 2022, sellers are picking up an average of 24 bps with BAMCO buyers.
