Mortgage Tech Firm Hires Industry Leader to Modernize Asset Trading Platform
San Diego, Tuesday, 8 September 2026.
Mortgage Capital Trading appointed industry veteran Tom Piercy to expand its digital trading platform, targeting the complex bulk servicing rights market to improve efficiency and real-time asset valuations.
Mortgage Tech Firm Hires Industry Leader to Modernize Asset Trading Platform
On 8 September 2026, Mortgage Capital Trading, Inc. (MCT) announced the appointment of Tom Piercy as Director of MSR Advisory [1][2]. This strategic hiring decision aims to accelerate the development of MCT’s bulk mortgage servicing rights (MSR) valuation and trading capabilities within its MSR Marketplace [1]. Piercy brings nearly 40 years of capital markets experience to the role, having previously served as President of Rocktop Capital Advisors [1]. MCT has operated as a mortgage secondary market technology provider for over 20 years [1][2]. The firm utilizes a platform connecting small, mid-size, and institutional lenders to reduce channel conflict and liquidity friction in MSR trading [1]. The company is currently collaborating with undisclosed leading MSR buyers to develop a digital, transparent, and efficient bulk MSR execution venue [1].
Strategic Expansion and Digital Transformation
The initiative targets a reduction in channel conflict and friction for lenders ranging from small and mid-size to large institutional banks [1]. Piercy stated that bulk MSR valuation and trading is ready to move forward, noting that MCT possesses the technology, partnerships, and trust to lead the sector [1]. Curtis Richins, President and CEO of MCT, described Piercy as one of the most respected MSR thought leaders in the industry [1][2]. Piercy added that technology creates greater efficiency, on-demand valuation, and real-time execution with advisory built in [1][2].