Mortgage Capital Trading

Name

Mortgage Capital Trading

Legal name

Mortgage Capital Trading, Inc.

Website

https://mct-trading.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Mortgage Capital Markets Technology

NAICS

Investment Banking and Securities Intermediation (523150), Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Services-Prepackaged Software (7372), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Whole Loan Acquisitions & Trading (Flow/Forward/Best-Execution) (FSALAFAC)

akta.pro secondary industries

Mortgage Secondary Data, Analytics & Pricing/Valuation Services (FSALAFAN), MSR (Mortgage Servicing Rights) Trading & Financing (FSALAFAI), Securitization & Loan Trading Enablement (Whole Loan Sales, ABS Data/Reporting) (FSAGAHAK)

Keywords

• Mortgage capital markets
• Loan trading platform
• MSR valuation software
• Pipeline hedging services
• Mortgage pricing engine

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Platform Subscriptions: SaaS platform revenue from MCTlive!, MSRlive!, MCT Marketplace, and related software modules. Clients are charged for access to the capital markets platform with various solution tiers (Essentials, Advanced, Enterprise).
2. Professional Services: Managed services including outsourced Lock Desk Management, full-service Pipeline Hedging, Best Execution Loan Sales support, MSR valuation services, and strategy consulting.
3. MSR Brokerage Services: Brokerage services for bulk MSR sales, including portfolio review, bid evaluation, and contract negotiation support.
4. Data & Analytics: Lender Analytics and Investor Analytics platforms providing business intelligence and competitive analysis, with some data aggregated from platform usage.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Mortgage Capital Trading sells a cloud-based mortgage capital markets SaaS platform (MCTlive!) and an ecosystem of related modules and services that help mortgage lenders, banks, credit unions, and investors manage loan pipeline hedging, execute best-execution loan sales, value MSR portfolios, and trade whole loans on its MCT Marketplace exchange. Offerings combine subscription software (MCTlive!, MSRlive!, Atlas AI, Base Rate Generator, AutoBid/AutoAOT/Rapid Commit, Lender/Investor Analytics) with professional services such as outsourced lock desk management, pipeline hedging advisory, MSR brokerage, and best-execution trading support.

Product overview

Mortgage Capital Trading offers a platform-plus-modules architecture centered on MCTlive!, a cloud-based capital markets SaaS platform for loan pipeline management, TBA trading, and best execution analysis. This core platform integrates with specialized modules including: Rapid Commit (GSE API automation), AutoBid (bid tape pricing), AutoAOT (AOT automation), Base Rate Generator (pricing engine), Lock Central (outsourced lock desk), and MSRlive! (servicing valuation). The ecosystem is augmented by the MCT Marketplace loan exchange with patented Security Spread Commitment technology, Atlas AI (generative AI advisor with autonomous trade execution), and analytics platforms (Lender Analytics, Investor Analytics). MCT also publishes the industry-leading Lock Volume Indices and hosts the annual MCT Exchange conference. The company serves depositories, independent mortgage bankers, and investors through solutions including hedging advisory, loan trading, MSR services, product & pricing, lock desk management, and data & analytics.

Differentiator

Problem solved

Functional benefit

Brands

• MCTlive!: Cloud-based capital markets platform for day-to-day loan pipeline management, trade positions management, and loan sale best execution.
• MCT Marketplace
• Atlas AI
• MSRlive!
• AutoBid
• AutoAOT
• Rapid Commit
• LockCentral
• Base Rate Generator
• Lender Analytics
• Investor Analytics

Products and services

• MCTlive! Cloud-based SaaS capital markets platform for mortgage lenders to manage loan pipeline hedging, trade positions, TBA trading, and best-execution loan sales with direct GSE and counterparty integrations, embedded Atlas AI advisor, and Trade Execution Agent.
• MCT Marketplace The world's first truly open mortgage loan trading exchange connecting mortgage sellers and buyers in a digital auction with live bids enabled by the patented Security Spread Commitment technology, supporting co-issue, CRA sourcing, AOT automation, and direct GSE integrations.
• MSRlive! Cloud-based mortgage servicing rights (MSR) valuation software with 400+ customizable inputs and assumptions, supporting multiple prepayment models, processing valuations at 30 loans per second, and offering an API for granular loan-level MSR pricing for investor bidding.
• Atlas AI Generative AI advisor embedded within MCTlive!, including a Hedge Recommendation Agent and a Trade Execution Agent that autonomously routes TBA auctions to dealers within client-controlled parameters, achieving the industry's first AI-executed trade on a live mortgage pipeline.
• Rapid Commit Automated GSE loan pricing and commitment technology through API integration with Fannie Mae and Freddie Mac, providing intelligent best-execution capability paired with MCT Marketplace to price and commit loans while avoiding manual errors.
• AutoBid Automated bid tape pricing and commitment acceptance software that leverages agency API connections with granular margin and restriction functionality to accurately generate bid pricing on the loan types investors want to buy, including spec pay-ups, MSR values, and CRA identification.
• AutoAOT Automation software for bid tape AOT pricing, loan sale delivery, and tri-party agreement processing required between lenders, investors, and broker-dealers during Assignment of Trade transactions.
• LockCentral (MCTlive! Lock Central) Outsourced lock desk management service that combines professional secondary market analysts with MCTlive! automation to deliver rate lock management, data integrity, and customizable service levels for mortgage lenders.
• Base Rate Generator Back-end mortgage pricing engine combining live agency API connections, co-issue executions, aggregator pricing, spec holdbacks, and custom TBA indications to inform front-end rate sheet pricing and improve margin management.
• Lender Analytics Business intelligence platform aggregating mortgage pipeline and loan sale data from MCTlive!, providing peer benchmarking, investor rankings, win rates, opportunity curves, and actionable insights for loan sale pickup improvement.
• Investor Analytics Proprietary historical database and analytics product for correspondent investors that delivers opportunity curves, love/hate factors, and slice-and-dice reporting to optimize correspondent pricing and build market share at aggregate, lender, and loan levels.
• MCT Lock Volume Indices Monthly industry benchmark data product presenting mortgage rate lock volume activity across MCT's national footprint, broken out by lock type, based on actual locked loans from MCT's broad lender diversity.
• GPU-Accelerated MBS Pool Optimizer Next-generation MBS pool optimization tool within MCT's platform that uses a CUDA GPU framework to evaluate every possible execution path across dozens of variables in real time, identifying the most profitable pool allocations for lenders.
• Full-Service Pipeline Hedging Advisory Managed professional services offering where MCT's secondary market experts provide full-service pipeline hedging support to mortgage lenders, executing mortgage pipeline hedging strategies on their behalf.
• Bulk MSR Brokerage Services Brokerage services for bulk MSR sales including portfolio review, bid evaluation, and contract negotiation support on behalf of MCT's lender clients.

Quantifiable outcome

• 20-50 BPS pickup in profitability when switching from best efforts to mandatory loan sales
• +10 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability8 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered core, strategic and minor.

• Freddie MaccoreTechnology or Integration · 30 March 2026Integration updates for CIX AIF API enabling loan-level pricing and committing support for Co-Issue All-In Funding. New specified pool pay-up categories for LTV and Manufactured Housing. Enables lenders to receive both Freddie Mac Asset Price and CIX Buyer SRP at loan purchase with complete loan-level visibility.
• FICOstrategicTechnology or Integration · 15 December 2025Expanded collaboration to integrate FICO Score 10T into MCT's mortgage valuation and risk models, following successful initial implementation phase. Aims to provide greater accuracy and transparency in mortgage asset analysis.
• Rick Chakra (Director of AI Solutions)minorOthers · 21 November 2025MCT hired Rick Chakra as Director of AI Solutions to drive expansion of AI capabilities, enhance workflows, and accelerate product development. Chakra oversees AI roadmap and Atlas AI advisor development for internal and client use.
• Fannie MaecoreTechnology or IntegrationFull integration through Rapid Commit for automated loan pricing and commitments. Agency approvals supported for lenders through MCT's platform. Fannie Mae participates in loan sales alongside Freddie Mac.
• Ginnie MaecoreTechnology or IntegrationGinnie Mae issuers supported through MCTlive! platform. Platform enables pooling and delivery to Ginnie Mae with MBS pool optimization.
• MBS-Approved Lenders and Investors (Network)coreChannel Partner/ Reseller/ DistributorExtensive network of correspondent sellers and buyers transacting on MCT Marketplace including ACH/Towne Mortgage, American Financial Resources, AmeriHome Mortgage, Bayview Loan Servicing, Chase, CitiMortgage, CMG Financial, Fifth Third Bank, Flagstar Bank, Freedom Mortgage, Gateway First Bank, Guild Mortgage, Mr. Cooper, PennyMac, Pentagon Federal Credit Union, Sun West Mortgage, Truist Bank, US Bank, and 50+ others.
• MBA (Mortgage Bankers Association)minorOthersIndustry affiliation demonstrating industry leadership and standards compliance.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Snapdocs: Snapdocs is a digital closing and mortgage workflow platform that has been expanding into adjacent capital markets and verification workflows. While primarily focused on closing today, its lender integration footprint brings it into competitive overlap with MCT's broader digital mortgage ecosystem strategy.
• Mortgage Cadence: Mortgage Cadence (an Accenture company) provides digital mortgage origination technology with growing focus on secondary market workflows. While more origination-centric than MCT, it overlaps in digital mortgage transformation and increasingly competes for IMB technology spend alongside MCT.

Broad incumbents

• Black Knight (now part of ICE): Black Knight's Empower loan origination system and capital markets modules serve most large US lenders. Its broad portfolio — encompassing origination, servicing, and analytics — overlaps with MCT for capital markets and analytics functionality at the largest enterprise lender clients.
• S&P Global Market Intelligence: S&P Global Market Intelligence provides fixed income, MBS, and structured products data and analytics used by mortgage market participants. While broader than MCT, its securitized products data feeds overlap with MCT's pricing and analytics capabilities, especially for institutional investors.
• CoreLogic: CoreLogic provides mortgage data, analytics, and valuation services across the US housing finance ecosystem. Its property data, AVMs, and capital markets analytics are directly comparable to MCT's pricing engines and analytics platforms, particularly on the data and analytics side.
• ICE Mortgage Technology: ICE Mortgage Technology (formerly Ellie Mae / Black Knight) provides the dominant integrated mortgage technology stack covering origination, closing, and capital markets. While broader than MCT, ICE's capital markets components compete head-on with MCTlive! and MCT Marketplace for the largest US lenders.

Direct peers

• Compass Analytics: Compass Analytics offers mortgage analytics, pricing, and risk management tools for secondary marketing — directly comparable to MCT's Lender Analytics, Investor Analytics, and pricing modules, with similar lender and investor customer segments.
• Optimal Blue: Optimal Blue provides mortgage pricing engine, product eligibility, and capital markets technology for lenders nationwide. Its pricing and secondary marketing capabilities directly overlap with MCT's Base Rate Generator, MCTlive!, and best-execution analytics, serving many of the same IMB and depository clients.
• Polly: Polly is a mortgage capital markets technology platform offering loan trading, hedging, and best-execution analytics to lenders and investors — directly overlapping with MCT's MCTlive! and MCT Marketplace offerings, making it MCT's closest head-to-head competitor in secondary market technology.

Others

• Pollyex: Inclusion of Pollyex reflects adjacent marketplace/trading infrastructure parallels. While distinct in product focus, Pollyex and MCT both operate exchange-style infrastructure for financial market participants, sharing design principles around network effects, pricing automation, and counterparty discovery that intersect thematically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mcttrading
• YouTubeyoutube.com/@mortgagecapitaltrading
• LinkedInlinkedin.com/company/mct-trading
• Facebookfacebook.com/mcttrading

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mortgage Capital Trading