During 2023 MCM completed the following system updates:
MCM 2023 Update
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BLOG Posts
MCM Announces New OAS Servicing Valuation Software and Service
MCM has developed, refined, and utilized over the past 29 years OAS Based servicing valuation software for hedge management and best execution purposes. The idea behind our new offering is to provide a Cloud based system and framework that lets customers value servicing assets on a loan level basis using their own assumptions.
MCM AI Fallout Announcement – CloseLytics
MCM has announced its new Artificial Intelligence Fallout Analytics Service: “CloseLytics.” MCM’s founder states: “The guessing game of what’s my mortgage pipeline exposure is over….”
Mortgage Banking Decision Science
AI has many applications in the mortgage industry and too many to mention in this short blog. Many companies have significant amounts of data from previous borrower transactions and in pipeline data from potential borrowers. The required types of data and the storage of data is different for different parts of your company.
Turning On Neural Brain Network Tunes in Better Fallout Prediction
Since 1995 MCM has been working with Neural Networks for various projects including fallout prediction on a loan level basis. Initially the technology was slow and less than optimal, however, with the new tools, speed of processing available and techniques we have developed, Neural Networks/ AI has come to fruition.
MCM’s Open API Interface
MCM is pleased to announce the roll-out of its Open API. This API conforms to the Open API Specification and allows clients to integrate their LOS information with MCM’s Hedge Analytics and Reporting software.
Oas Servicing Portfolio Valuation
At Mortgage Capital Management, Inc. we are frequently asked to provide mortgage servicing rights (MSR) valuation. And we have done so for over 28 years. However, this service was typically limited to special purposes or employed to value locked and closed loan pipeline (aka, newly originated loans) for existing clients.