NOVI, Mich., Jan. 12, 2022 (SEND2PRESS NEWSWIRE) — Vice Capital Markets, a leading mortgage advisory firm for independent lenders, banks and credit unions, today announced that the company set a new record for internal trade volume last year, trading more of $202 billion on behalf of its full-service customers. By using an advantageous combination of delivery and execution, the company was able to help its clients profit from every transaction.
“The past two years have been both chaotic and profitable for the mortgage industry, and Vice Capital Markets has worked hard to ensure our clients experience as little chaos as possible in their hedging pipelines,” said Troy Baars, Vice President of Capital Markets. “This approach has certainly paid off in 2021 thanks to the trust we have built with our clients over the years, but we would not have reached this internal trading record if our clients had not had such a brilliant year. in terms of volume, which makes it as much their success as ours.
In addition to the increase in annual trading volume, Vice Capital Markets has also seen a marked increase in its customer base, including over 50% growth in the credit union space in 2021.
“Vice Capital Markets has always placed a high priority on serving all types of mortgage lenders and building communicative and collaborative relationships with our clients, a practice that has continued over the past year,” said Chris Bennett, Principal at Vice Capital Markets. “Our customers have monthly production ranging from $10 million to $5 billion per month, but each customer receives the same personalized care and attention to detail, allowing us to better meet their needs.”
About Vice Capital Markets
Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized profitability in MBS transactions and mortgage-related transactions for banks, credit unions and mortgage lenders of all sizes. With an average of over 10 years of experience behind each of our team’s traders, Vice Capital has helped clients achieve, on average, a 25 to 55 basis point improvement over their best execution, and patterns Vice Capital’s proprietary risk management capabilities and complex investor and agency best execution platform have consistently generated safe and efficient profit maximization for its clients.
Learn more about https://www.vicecapitalmarkets.com/ or call (248) 869-8100.
News source: Vice Capital Markets