What We Do

At Procyon Capital Management, we specialize in uncovering alpha in securitized credit through a vertically integrated, data-driven investment platform. We combine structured product expertise, real-time loan-level data, and origination-level access to deliver performance across a variety of high-barrier-to-entry fixed income strategies.

1. Mortgage Servicing Rights (MSRs)

We manage and acquire Mortgage Servicing Rights as a core fixed-income strategy. MSRs generate predictable cash flows, offer inflation protection, and act as a natural hedge in rising interest rate environments due to their negative duration profile.

Key Advantages:

  • Steady, fee-based income stream from servicing loans
  • Recapture revenue from refinance opportunities
  • Exposure to float income and ancillary fees
  • Structurally uncorrelated returns relative to traditional bonds

We don’t rent servicing platforms—we own them. This full-stack ownership gives us access to every income stream and ensures complete alignment with investors.

2. Whole Loan Acquisition & Recapture Strategies

We acquire and structure residential whole loans directly through AmNet, a nationally licensed origination engine. Unlike traditional asset managers, we do not rely on secondary market bids—we create our own deal flow at the point of origination.

Platform Benefits:

  • Customizable pricing and underwriting overlays
  • Direct loan-level pricing and aggregation
  • Control of seasoning, execution, and risk transfer
  • Ability to capture early buyouts (EBOs), refinancing spreads, and back-end MSR value

This organic access allows us to target alpha where others see friction.

3. Consumer Credit and Securitized Products

We deploy capital across a curated range of consumer credit-backed instruments, including:

  • Residential Mortgage-Backed Securities (RMBS)
  • Asset-Backed Securities (ABS)
  • Interest-only (I/O) strips and structured residuals
  • Esoteric structured credit tied to consumer behavior

Our approach blends fundamental credit analysis with quantitative models to price complex risk precisely.

4. Proprietary Technology and Quantitative Analytics

At the heart of our investment engine is a proprietary analytics platform powered by:

  • AI/ML-driven models coded in Go (Google’s high-performance language)
  • A dataset covering 225 million U.S. mortgage loans and 9+ billion monthly records
  • Real-time servicing insights from direct borrower interactions

These tools allow us to assess risk dynamically and optimize portfolio construction across any market regime.