“This API is a game-changer for lenders looking to optimize their secondary execution,” Shawn Ansley, chief information officer at Vice Capital Markets, said in a statement. “Previously, lenders needed to combine several APIs and rely on in-house calculations to obtain accurate pricing for loan commitments.
“Now, with this API, all necessary information is available at lenders’ fingertips with a single request. Our team has been rigorously testing and providing feedback to Fannie Mae throughout the development of this API, and we’re excited to begin deploying it for our clients’ benefit.”
Kunal Vakil, Fannie Mae’s vice president of capital markets products, said that the API “helps to facilitate a more informed best execution analysis.”
Since 2001, Vice Capital Markets has navigated interest rate risk and driven profitability on more than $1 trillion in mortgage-backed securities trades and mortgage-related transactions for many financial institutions.
