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Vice Capital Markets in the News

Vice Capital Markets Integrates with Digital-First LOS Mortgage Machine

NOVI, Michigan, August 22, 2024 — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has completed its integration with Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders’ operational velocity and support an end-to-end digital

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Vice Capital Markets Launches Integration with Fannie Mae Mission Score API

Integration aligns mortgage lenders’ mission-focused lending efforts with secondary market execution to maximize profitability NOVI, Michigan, July 9, 2024 — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has integrated the Fannie Mae® Mission Score application programming interface (API)

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Getting Near Real-Time Purchase Data Through API Integration

Any lender doing business the last couple of years knows it was a period of significant market movement, with extraordinarily high volumes of home sales and refinances. For many, it was difficult to keep up with the pace as the nation grappled with the effects of the coronavirus pandemic. Although

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Vice Capital Markets Releases API for Freddie Mac Cash Purchase Statement

NOVI, Michigan, Aug. 18, 2022 — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today that it is one of the first Freddie Mac-integrated Secondary Market Advisors (SMAs) to release an integration for Freddie Mac’s Cash Settlement Purchase Statement application programming

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Nightmare on Wall Street, Part 3 – The Reset

Just when we thought Bondland was settling down, the latest numbers shook the Fed and the markets with a third major reset in the battle of ‘22. Chris Bennett explains what really happened and why, outlines what’s needed for the market to return to (relative) normalcy and inadvertently reveals his

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Cat 5 Hurricane in Bondland

With the Fed Governors battling for the title of Most Hawkish and continued economic turmoil fueled by the war in Ukraine, Bondland is in a state of confusion and chaos. Chris Bennett breaks down how we got here and what needs to happen to restore order to the market.

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Worried about Tapering? Chris Bennett Says ‘Relax’

It’s not often the mortgage industry plays coy when it comes to certain topics, but currently, there are rumblings about the T-word – tapering. There’s a couple of misconceptions about tapering and what that might mean, especially for mortgages and mortgage-backed securities. Let’s clear those up. As you may recall,

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Market volatility persists despite Fed’s commitment to ZIRP

By Chris Bennett Despite pressure from some notable economic experts for an increase in the Fed funds rate to combat inflation, the Federal Reserve has held fast to its existing zero interest rate policy, otherwise known as ZIRP. Recent comments from Federal Reserve Vice Chair Richard Clarida reaffirmed the Fed’s previously stated timeline of

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Vice Capital Markets Commemorates 20 Years of Serving the Mortgage Industry’s Hedge Advisory and Secondary Execution Needs

NOVI, Michigan, August 12, 2021 — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced the firm is celebrating its 20th corporate anniversary. Since opening its doors in August 2001, Vice Capital Markets has helped countless clients properly and effectively manage interest

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Lenders: It’s Time to Lock Down Your Lock Desk Operations

By Troy Baars Defined as the art of making and defeating locks, locksmithing has been around for over 4,000 years. In the mortgage industry, locksmithing has a slightly different definition, though one could argue that it, too, has security implications. Thus, given the current market, lenders looking to operate with

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Expecting Great Things: A Lender’s Adoption of eNotes

Freddie Mac / Wednesday, May 5, 2021 By: The Single-Family Team, Freddie Mac Up to now, the mortgage industry has been fairly slow to adapt to the digital environment, but outside factors – such as, say, a pandemic – have sped up digital adoption in ways previously unanticipated. At the

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Myth Busters: The Capital Markets and Mandatory Execution Episode

By Scott Colclough There are some names or phrases that when uttered strike fear into the hearts of many due to the misconceptions surrounding them. Bloody Mary. Beetlejuice. Mandatory Execution. Unlike Bloody Mary and Beetlejuice, mandatory execution isn’t an urban myth, and saying it three times in a row is

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Scott Colclough: Amidst Uncertainty, Hedging Still Works

“Unprecedented” was the word of the year in 2020, and with the unpredictable and unimaginable events of this past year, adaptability became the name of the game as everyone adjusted and changed how and why we did things. Working/learning from home while eating every meal at home made us become

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Peak pipeline management takes more than commitment

By Christopher Bennett While community banks have typically enjoyed a steady, but smaller, share of the overall mortgage origination business as compared with their independent lender counterparts, record-low interest rates have skyrocketed both purchase and refinance volume across the board. Increased demand translates into higher profits — a welcome sight on

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Vice Capital Markets’ Shawn Ansley Honored As 2020 HousingWire Insider

NOVI, Mich., Sept. 1, 2020 — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today that its Managing Director Shawn Ansley has been named a 2020 HousingWire Insiders Award winner. In its fifth year, the HousingWire Insiders program recognizes individuals for vital

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2020 HW Insider: Shawn Ansley, Vice Capital Markets Managing Director

Over the last year, Shawn Ansley has automated many of the firm’s day-to-day processes to improve operational efficiency and eliminate opportunities for human error. He is also responsible for several recent LOS integrations, including last year’s integrations with Lending QB and OpenClose, that allow information to seamlessly flow back-and-forth between

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Fulfillment, AE, LO jobs…non-QM news in primary & secondary markets

Capital markets Liquidity continues to be the name of the game! Chris Bennett from Vice Capital sent, “GNMA 2.0s have struggled from a liquidity standpoint without any support from the Fed like UMBS 2.0s or GNMA 2.5s have, but there is real end-buyer interest there. We recently put out a larger pool of GNMA

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Marketing, bank statement, processing, servicing products

Capital markets Vice Capital Markets reported an increase in trade volume over the past 90 days, “shattering” many of its internal company records. Since March, the monthly totals [have] reach[ed] $13.4 billion, and Vice saw a 13% increase in its client base. Read the full announcement here. This item originally appeared in Rob Chrisman’s Daily Mortgage

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Vice Capital Markets sets internal record for monthly trade volume

Vice Capital Markets announced today that the company has more than doubled its monthly trade volume over a 90-day period, setting several internal records. Trade volume totals reached during this period include $11.5 billion in March, $13.4 billion in April and $12.4 billion in May. “Despite the market chaos brought

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For mortgage markets, the outlook is sunny

By Christopher Bennett In Detroit, several of the local hospitals have been broadcasting the Beatles hit, “Here Comes the Sun,” throughout the hospital every time a COVID-19 patient comes off of the ventilator. There is no equating life and death with the bond and mortgage markets, of course, but as

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One way credit unions can make mortgages more profitable

By Scott Colclough As lenders and independent mortgage companies aggressively attempt to attract consumers, credit unions must be ever mindful to optimize all competitive advantages they possess. Generally, credit union members are a loyal bunch and want to keep their business in-house. However, as members, they also expect lower fees

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New Fed purchases may help bolster MBS, but rates remain volatile

By Bonnie Sinnock Additional mortgage-backed securities purchases by the Federal Reserve Bank of New York will address private investor skittishness about the asset class, but it will not necessarily lower rates. “Right now the only meaningful end buyer is the Fed and while they’ve been in the market every day

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The market outlook for the coming year is surprisingly familiar

By Christopher Bennett “New year, new me” seems to be the popular slogan for 2020. While this may not be a completely apt description of the mortgage market outlook for the coming year, the market can expect to see some changes, particularly in the specified pool and to-be-announced markets, alongside

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The benefits of the digital mortgage for hedging are not clear

By Troy Baars Digital is today’s mortgage lending watchword. Stem to stern, every aspect of the mortgage process has felt either a direct or ripple effect of an intense, industry-wide focus on automation, including its most esoteric element: hedging. However, even as the benefits of going digital in origination, closing and servicing

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Notes on interest rate direction

Many believe that if you talk long enough about a recession, eventually we’ll see one. Chris Bennett, Principal at Vice Capital Markets, Inc. sent out a note to clients back last Friday the 13th on proverbial blood in the streets in the town of Chicago. (“There’s blood in the streets, it’s

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Diving in: What lenders need to know about the specified pool market

Moving from best execution to mandatory represents a significant milestone in the evolution of a mortgage lender’s secondary marketing department, but the growth doesn’t stop there. Adding custom, or specified, pools helps lenders diversify their execution strategy, thereby maximizing profitability and adding additional cash flow to secondary activities. What’s more,

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Vendor news: OpenClose completes integration with Vice Capital Markets

OpenClose has completed its integration with Vice Capital Markets resulting in advanced hedging automation. The integration takes loan-level lock data from OpenClose’s LenderAssist™ LOS and securely transmits it directly to Vice Capital’s hedging platform. This eliminates multiple manual steps and potential “break-points” in the overall process thus saving time, reducing errors, and increasing visibility that

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OpenClose and Vice Capital Markets integrate for enhanced hedging automation

OpenClose has announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data. In

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OpenClose, Vice Capital Markets integrate to enhance hedging automation

OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing

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Mortgage tech rundown

OpenClose announced an integration with Vice Capital Markets that will maximize hedging efficiencies and reduce preparation and delivery time for acquired loan data. The integration utilizes loan-level lock data from OpenClose’s LenderAssist LOS and embeds it directly into Vice Capital’s hedging platform. According to the company, this will eliminate multiple manual steps and

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