NOVI, Michigan, January 12, 2022 (SEND2PRESS NEWSWIRE) – Vice Capital Markets, a leading mortgage coverage advisory firm for independent lenders, banks and credit unions, today announced that the company set a new record for inside trade volume last year, trading more $ 202 billion on behalf of its full-service customers. By using a beneficial combination of delivery and fulfillment, the company has been able to help its customers get a 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 that 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 achieved this internal trading record if our clients had not had such an exceptional year. in terms of volume, which makes it as much their accomplishment as ours.
In addition to the increase in the annual transaction volume, Vice Capital Markets has also seen a marked increase in its client base, including more than 50% growth in the credit union space in 2021.
“Vice Capital Markets has always focused on serving all types of mortgage lenders and building communication and collaborative relationships with our clients, a practice that continued over the past year,” said said Chris Bennett, director 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, which allows us to better meet their needs. “
About Vice Capital Markets
Since 2001, Vice Capital Markets has successfully managed interest rate risk and maximized the profitability of 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 the traders on our team, Vice Capital has helped clients achieve, on average, a 25 to 55 basis point improvement over their best execution and models. of risk management exclusive to Vice Capital. and the complex investor and agency best execution platform has always enabled 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
This press release has been issued on behalf of the information source (Vice Capital Markets) which is solely responsible for its accuracy, by Send2Press® press wire. The information is believed to be accurate but not guaranteed. Story ID: 78141 APDF-R8.2
© 2022 Send2Press®, a press release and electronic marketing service of NEOTROPE®, California, United States.
To see the original version, visit: https://www.send2press.com/wire/vice-capital-markets-breaks-internal-trading-volume-record-in-2021-helps-clients-achieve-peak-profitability/
Disclaimer: The contents of this press release were not created by The Associated Press (AP).
Copyright 2022 Send2Press Press wire