New Solution Connects API-Driven Back-End Execution to Front-End Pricing with Industry-First Features

SAN DIEGO, Calif., May 9, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced the release of the Base Rate Generator, an industry-changing solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. By combining live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications, the MCT Base Rate Generator allows mortgage lenders to improve margin management and competitive performance.

Image caption: Mortgage Capital Trading, Inc. (MCT).

“The Base Rate Generator has helped us to put out a better rate sheet to our loan officers and third parties,” shared Brian Gilpin, CFO and Head of Capital Markets at Embrace Home Loans. “It has helped us to be more exact in our pricing which, as a result, has generated more business for us.”

Generating custom front-end borrower pricing – either through a base rate upload to a Product and Pricing Engine (PPE) or through a formatted traditional rate sheet – is a constant challenge for mortgage lenders, particularly in the face of rapidly shifting market dynamics. Based on live pricing connections to the agencies and an ever-growing network of broker-dealers and correspondent aggregators, MCT is uniquely positioned to architect a more accurate, granular, and efficient system for producing front-end pricing.

The Base Rate Generator was developed with direct input from clients of all sizes and includes industry-first features that satisfy lenders whether they securitize, deliver to the cash window, or prefer working exclusively with aggregators. Custom TBA indications on illiquid coupons can be incorporated directly, along with float carry and specified settlement calculations. Lenders can use the spec margin holdback feature to systematically withhold or pass-through the associated pay ups increasingly prevalent across the investor pricing spectrum. Best execution blending functionality supports selecting the second or third best execution as the pricing basis, or an average of the top several, to smooth out and protect against margin-killing outliers that may not be available for delivery on the back end.

“The recent past has presented many challenges for our lender community – market volatility, illiquid coupons, and higher interest rates to name a few,” said Phil Rasori, COO at MCT. “We’re proud of our on-going collaboration with clients to develop the best solutions to combat these challenges and preserve margins. The Base Rate Generator brings needed granularity and transparency to pricing in a way that has never been seen in our sector.”

MCT offers the Base Rate Generator as an add-on service for clients using its suite of capital markets solutions or as a stand-alone service.

Mortgage lenders interested in learning more about the industry-first features included in Base Rate Generator should register for the upcoming webinar on June 4, 2024. Learn more:

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit or call (619) 543-5111.


Ian Miller

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Chief Marketing Officer

Mortgage Capital Trading



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