When managing Gain on Sale through hedging a mortgage pipeline, it is possible in more than one way that two wrongs (i.e., two different errors in critical estimates) can make a right. This blog will explain this phenomenon and help you avoid having to rely on two wrongs making a right by suggesting a course of action where two rights always make a right.
MCM has started Fallout Recalibrations based on Q1 results through our AI Deep Learning capabilities and tools.
During 2023 MCM completed the following system updates:
If you are in the mortgage business, you are in the options business. This blog will detail what that means if you are a loan originator, but it also applies if you are a servicer as well as borrowers once getting a loan have the option to prepay at any time.
Two Months ago, MCM announced its new Artificial Intelligence Fallout Analytics Service: “CloseLytics.” MCM’s founder said: “The guessing game of what’s my mortgage pipeline exposure is over….”
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 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….”
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.