SAN DIEGO, Calif., November 8, 2022 – Mortgage Capital Trading, Inc. (MCT®), a recognized leader in the mortgage risk management industry providing pipeline coverage, best execution loan sales and central foreclosure services , announced today that Jennifer Kennelly has been named the new Principal of MCT’s expanding Investor Services team. Jennifer will leverage her unique experience to develop MCT’s Bid Auction Manager (BAM) Marketplace™, the nation’s first open mortgage exchange where buyers can bid regardless of approval status, and sellers receive pricing. automated live feeds of each buyer on the platform.
Jennifer’s 25 years of experience in various roles within the mortgage industry, including Freddie Mac, Compass Analytics and LoanCare, will help grow MCT’s vast network of buyers and sellers. Having worked in a variety of market conditions since the late 1990s, she is very familiar with market volatility, industry disruptors, technological advances, and the evolution of innovation that will prove useful in the environment. current market. She has acquired practical skills working directly and indirectly in all aspects of the mortgage industry, her primary focus being the capital markets.
At MCT, Jennifer joins the Investor Services group to help investors extend their reach to sellers in a more efficient way than traditionally possible, while removing barriers to entry and optimizing execution options. . His experience and contacts will help to further increase the liquidity that sellers enjoy on MCT’s BAM Marketplace platform, both by expanding the reach of traditional buyers and sourcing new buyers.
“We are extremely excited to have Jennifer join our Investor Services team and bring her skills to the table to continue the growth of BAM Marketplace,” said Justin Grant, Senior Director, Head of Investor Services at MCT. “Already the only exchange of its kind, we have a great vision of what we know BAM Marketplace can be for secondary market buyers and sellers and Jennifer is uniquely qualified to bring this to life.”
MCT originally launched BAM Marketplace in 2020 to support sellers during the pandemic. Today, this innovative product is revolutionizing the market and creating unlimited opportunities for buyers and sellers facing limited liquidity and slow pricing times. Jennifer will unlock potential by helping traditional and non-traditional whole loan buyers leverage MCT’s technology to increase market share and revenue.
Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a mortgage portfolio hedging company to the premier provider of fully integrated capital markets technology and services. MCT offers a range of best-in-class services and software covering mortgage pipeline coverage, best execution loan sales, outsourced foreclosure solutions, MSR portfolio assessments, business intelligence analysis, services market valuation and comprehensive award-winning capital markets software. platform called MCTlive! MCT supports independent mortgage bankers, custodians, credit unions, warehouse lenders and correspondent investors of all sizes. Based in San Diego, Calif., MCT also has offices in Philadelphia, Healdsburg and San Antonio. MCT is well known for its team of financial market experts and experienced traders who continue to deliver the hands-on, boutique-style engagement that clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.
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