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 has been able to help its clients profit from every trade.
“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’ve built with our clients over the years, but we wouldn’t have achieved this internal trading record if our clients hadn’t had such a stellar 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 has always enabled its clients to maximize profits in a safe and efficient manner.
Learn more about https://www.vicecapitalmarkets.com/ or call (248) 869-8100.
SOURCE OF INFORMATION: Vice Capital Markets
This press release has been issued on behalf of the source of the information (Vice Capital Markets) who is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 78141 APDF-R8.2
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