CMC Services And Benefits

From rate sheets to risk management to portfolio investor relationships, CMC delivers best-in-the-business secondary services to generate pricing and profits for its members.

CMC services would cost each CMC patron far more to implement on its own, if it could even attract and retain personnel with the appropriate skills. CMC services create huge value for CMC members, and are delivered at greatly reduced cost. In effect, the cost of an expert secondary department is spread across the CMC client base.

CMC patrons utilize some or all of the following CMC services, depending on individual business needs:

Daily Pricing Models and Rate Sheet Generation

Best-Efforts-to-Mandatory Transition

Pipeline Hedging Analytics and Reports

FAS 133 Hedge Accounting

Secondary Marketing Policies and Procedures

Full Service Trading Desk

Whole Loan Trading

Investor Deals and Development

CRA Screening

Loan Placement in to Banks, REITs, and other end investors

SAS 70 Audit Report

The Statement on Auditing Standards No. 70 (SAS70) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA)

This is a report on internal controls placed in operation and tests of operating effectiveness.  The independent service auditor’s report examines controls related to secondary marketing services for mortgage banking provided by CMC on behalf of its customers.

The audit demonstrates that Capital Markets Cooperative has been through an in depth audit of their control objectives and control activities, including controls over information technology and relation processes.

In summary, the opinions of the auditors report on CMC are that the controls that were tested relating to secondary marketing services for mortgage banking were operating with sufficient effectiveness to provide reasonable assurance that the control objectives that had been placed in operation were achieved during the audit period.  This audit is conducted annually and an updated report is available in the 4^th quarter.

Please contact CMC to get information on how to obtain this report.

CMC Members utilize either our full-service suite or individual components thereof. Contact Jeff Harry to setup a consultative meeting to discuss improving your profitability. We look forward to hearing from you.