Texas Capital today announced the launch of MAP™, the Texas Capital Mortgage Asset Platform powered by Black Lake Digital Markets. MAP is an end-to-end platform purpose-built for financing, hedging, pricing, trading and transferring mortgage assets, across agency loans, non-QM loans and mortgage servicing rights (MSRs). Operated by Texas Capital and powered by Black Lake's proprietary Dealer-in-a-Box™ technology, MAP brings institutional-grade trading infrastructure and integrated warehouse connectivity to a market that has long been defined by manual workflows and fragmented systems.
Mortgage asset trading remains one of the largest and least standardized segments of U.S. fixed income. Whole loans, pools and MSRs still trade based on spreadsheets and disconnected vendor stacks, creating execution risk for sellers and information asymmetry for buyers. MAP fills that void with a single environment that consolidates the full asset lifecycle.
MAP delivers a unified workflow for institutional participants trading agency loans and other residential mortgage assets such as non-QM, second liens, HELOCs, scratch and dent, home equity participations and reverse mortgage assets, as well as MSRs. Qualified counterparties deliver loan tapes, price competitively, commit to trades and receive auto-generated proposed purchase parameters through a central order book. Post-trade, MAP employs Black Lake's Hyperdrive™ trading and execution technology, including integrated third-party diligence and data review, to ensure quality control, settlement and asset transfer. This delivers a clean, fully documented handoff with end-to-end audit trails.
For counterparties with warehouse financing, Texas Capital MAP integrates directly with Texas Capital's mortgage lending platform, allowing originators and aggregators to finance, hedge and resell mortgage assets through a single connected workflow. This integration collapses the traditional gap between warehouse funding and secondary market execution and reduces operational friction and streamlines the funding to sale life cycle.
“Our clients value competitive pricing, transparent execution and an efficient asset transfer process. MAP brings these capabilities to residential mortgage assets in one place,” said Daniel Hoverman, Texas Capital’s Head of Corporate & Investment Banking and President of Texas Capital Securities. “Our platform reflects the digital evolution of how modern mortgage asset capital markets should operate and evolve to meet our clients’ transaction needs.”
“By pairing Texas Capital's mortgage finance offerings and execution capabilities along with Black Lake's technology, we are bringing industry-leading infrastructure to buying and selling mortgage assets,” said Al Qureshi, CEO and co-founder of Black Lake Digital Markets.
About Texas Capital
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). TCBI Securities, Inc., doing business as Texas Capital Securities, is a subsidiary of Texas Capital Bancshares, Inc., and an affiliate of TCB. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC, MSRB, and other state securities regulators as a broker dealer. Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, Texas Capital is headquartered in Dallas with offices and financial centers in Austin, Houston, San Antonio and Fort Worth and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. Deposit and lending products and services are offered by TCB. For deposit products, Member FDIC. For more information, please visit texascapital.com.
About Black Lake Digital Markets
Black Lake Digital Markets (“Black Lake”) operates a comprehensive end-to-end mortgage technology ecosystem spanning underwriting, pricing, trading, transfer, settlement, and third-party staging. By unifying every stage of the mortgage lifecycle on a single platform, Black Lake delivers institutional-grade infrastructure that makes mortgage markets faster, more transparent, and more efficient for all participants. For more information, visit blacklakedigital.com and blacklakeinvestmentsolutions.com.
Disclaimer
Texas Capital is the collective brand name for Texas Capital Bank (“TCB”) and its separate, non-bank affiliates and wholly owned subsidiaries.
Deposit and lending products and services are offered by TCB. For deposit products, Member FDIC. TCB is not a registered broker-dealer or registered investment adviser and does not offer brokerage or investment advisory services.
Trading in securities and financial instruments, strategic advisory and other investment banking activities are performed by TCBI Securities, Inc., doing business as Texas Capital Securities (“TCS”), which is a member of FINRA and SIPC and is registered with the SEC, MSRB and other state securities regulators as a broker-dealer. TCBI Securities, Inc. is a subsidiary of Texas Capital Bancshares, Inc. and an affiliate of Texas Capital Bank. All investing involves risks, including the total loss of principal invested, and performance is not guaranteed. Past performance does not guarantee future results. Securities and other investment products offered by TCS are not FDIC-insured, may lose value and are not bank guaranteed.
Black Lake is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. Black Lake Investment Solutions LLC wholly owns Black Lake Services LLC d/b/a Black Lake Digital Markets and Black Lake Investments LLC. Black Lake Digital Markets offers non-advisory proprietary technology services for the pricing, trading, financing, and transfer of mortgage assets. Black Lake Investments is registered with the SEC under the Investment Advisers Act of 1940 and provides both investment advisory and non-advisory services. You can find Black Lake Investments’ Brochure at adviserinfo.sec.gov.
Black Lake does not provide tax, legal, or accounting advice. Black Lake is not a licensed insurance company and does not underwrite or sell insurance products.
