WILLIAMSBURG, Va., Sept. 30, 2016 /PRNewswire/ -- Flatirons Capital Management, LLC (FCM), a Williamsburg, Virginia-based secondary market service provider that helps residential mortgage companies hedge their portfolios against interest-rate risk has announced their new Best Execution AnalysiS Tool (BEAST). This utility on their hedging platform queries each client's loan investors to determine which investor is offering the best price for each of their loans. The resulting reports enable the client to choose which investor(s) to use and to maximize their profit on each loan.
"By using mortgage backed securities to hedge their loans, our clients are able to sell their loans for substantially higher prices than lenders who sell Best Efforts," said Brent Buckmaster, designer of BEAST, and executive vice president and partner at FCM. "BEAST allows clients to sell their hedged loans for the best possible price based on the prices their approved investors are offering them, and through whichever medium and price indications each investor provides.
Additionally, BEAST allows us to report a client's pipeline valuation each day based on actual investor prices."
"We have been providing this service to clients for a few years now," said Michael Francis, President of Flatirons. "When I joined Flatirons in 2013, I realized right away that we needed to provide this solution, and Brent was brought onboard soon afterward to begin work on the system. As an addition to our hedging services and FlatIrons Rapid Execution (FIRE) trading system, BEAST completes our clients' pricing options full-cycle from origination to sale. Along with the personalized way that we consult and advise each of our clients, these systems make Flatirons the best solution for mortgage companies looking for a full-service team to augment their secondary marketing department."
Flatirons Capital Management, LLC has been in the hedging and interest rate risk management business since 1996. It is the oldest and longest continuously operating advisor in the U.S. mortgage market. For more information about BEAST, the FIRE Trading System or any of the services offered by Flatirons, please contact Flatirons at (320) 230-6500, or firstname.lastname@example.org.
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SOURCE Flatirons Capital Management, LLC