MCT hires MSR veteran Tom Piercy to expand bulk trading platform

Mortgage Capital Trading has named MSR veteran Tom Piercy as director of MSR advisory to grow bulk servicing-rights transactions and deepen its marketplace technology. The move aims to bring more transparency, on-demand valuation and real-time execution to a market that has been slower to digitize.

Why it matters: - Mortgage servicing rights are a major but still relatively inefficient corner of the mortgage market. - MCT is trying to make bulk MSR valuation and trading faster, more transparent and more liquid. - The hire of a long-time MSR specialist signals that MCT wants advisory expertise built into a more digital trading workflow.

What happened: - Mortgage Capital Trading named Tom Piercy director of MSR advisory. - Piercy will help grow bulk MSR transactions and advance MCT’s MSR Marketplace. - MCT announced the hire on September 8, 2026. - Piercy most recently served as president of Rocktop Capital Advisors.

The details: - Piercy brings nearly 40 years of capital markets experience. - Most of his career has centered on the valuation, trading and hedging of MSRs. - Piercy has been a longtime voice for buyers and sellers of mortgage servicing rights. - MCT says the MSR Marketplace extends the company’s existing flow and co-issue capabilities into bulk MSR execution. - The platform is intended to let sellers and buyers of different sizes transact on one venue. - MCT says the goal is to reduce channel conflict and friction that have limited liquidity in bulk MSR trading. - Several leading MSR buyers are already working with MCT on the initiative. - Piercy will also help expand MCT’s MSR valuation and data capabilities. - Those capabilities are meant to build a deeper repository of performance and trend analysis for servicing owners, not just buyers.

Between the lines: - Piercy’s comments suggest MCT is positioning technology as a way to enhance, not replace, advisory relationships. - The hire also shows MCT is betting that a trusted market participant can help bring more sellers and buyers into a single digital venue. - The company’s pitch is that better data and faster execution can improve both trading and ongoing asset management.

What's next: - MCT plans to keep building out MSR Marketplace with industry buyers and advisory support. - The company is encouraging market participants to contact MCT for more information, demonstrations and MSR valuation services. - Further adoption will likely depend on whether sellers and buyers see enough liquidity, transparency and execution efficiency to shift more volume onto the platform.

The bottom line: - MCT is trying to turn bulk MSR trading into a more modern, platform-driven market, and Piercy is the latest signal that the company wants to lead that change.