AwardsMagazine

2019 HW Tech Trendsetter: Phil Rasori

Chief Operating Officer, Mortgage Capital Trading

Phil Rasori, Mortgage Capital Trading chief operating officer

For the last six years, Phil Rasori focused on building and implementing cloud-based secondary marketing software that has proven to automate numerous manual functions for lenders and investors.

Rasori spent his mortgage career helping lenders leverage secondary marketing hedging strategies. Officially launched in 2019, Rasori recently spearheaded the development of Trade Auction Manager, a browser-based software module that enables an efficient bidding and digital trading process for TBA mortgage-backed securities. TAM changed the game for MCT’s lender clients. Metrics support a drastic reduction in outbound calls by 44%, savings of about three basis points on every TBA trade, a 13% increase in employee productivity, increased speed and a significantly better overall TBA trading process than what the industry was used to for so many years, which is now fully digitized trading.

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