MCT and Dark Matter Technologies Automate Loan Sale Data Writeback

Mortgage Capital Trading (MCT) and Dark Matter Technologies have integrated their platforms to automate the loan sale data writeback process, significantly enhancing the efficiency of loan sales for lenders. The integration connects Dark Matter's Empower Loan Origination System (LOS) directly to MCT’s platform, automating the post-commitment data writeback. This automation saves lenders up to 3 minutes per loan, reducing the risk of mismatched records between systems and streamlining the loan sale process.

According to Chris Anderson, Chief Administrative Officer and Head of Data Integrations at MCT, every manual data handoff between an LOS and a secondary marketing platform is a potential source of errors and time loss. "This integration closes that gap," Anderson stated.

Vikas Rao, CEO of Dark Matter Technologies, echoed Anderson's sentiments, emphasizing the importance of automating the process.

The integration is now available to mutual MCT and Empower clients, with onboarding managed by MCT’s integrations team. For mortgage lenders interested in learning more about the integration, MCT offers consultations. To schedule a consultation, interested parties can visit MCT's website or call (619) 543-5111. Dark Matter Technologies, as the home of the Empower loan origination solution, continues to support lenders in their operations with its integrated point-of-sale, intelligence suite, and partner marketplace.

The integration is expected to benefit lenders by saving them approximately 150 minutes, or two and a half hours, of staff time per cycle, assuming a lender sells an average of 50 loans. This time can be redirected to more critical tasks, such as execution and margin management, thereby enhancing overall operational efficiency.

MCT, with over two decades of experience in the mortgage secondary market, continues to innovate and lead in the industry. 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, protected, valued, and exchanged, offering clients the tools to perform under any market condition.

Dark Matter Technologies, known for its Empower loan origination solution, is committed to empowering home lending with its unified data model and exception-based processing. The integration with MCT ensures a more seamless flow of accurate data between Empower and MCT’s platform, allowing lenders to focus on execution and margin management rather than manual data entry.

The integration is available now to mutual MCT and Empower clients, with onboarding managed by MCT’s integrations team. Mortgage lenders interested in learning more about the integration are encouraged to schedule a consultation.