Mortgage servicing rights exchange

Best execution for every servicing right.

Procredio is the exchange for mortgage servicing rights — loan-level valuation, competitive servicing-released bidding, and automated transfer, on one auditable surface. Interoperable with Freddie Mac Cash-Released XChange and agency co-issue.

The exchange for mortgage servicing rights.
Servicing UPB configured on platform $[TODO]B across agency & specialty
Speaks your executions

Built for the way servicing already trades.

Freddie Mac CRX
Cash-Released XChange
Agency Co-Issue
Correspondent
Bulk MSR
Servicing-Released Premium (SRP)
FAST® transfer
Exhibit 28A
The platform

One surface — from tape to transfer.

Valuation, bidding, and settlement in a single workflow, with an immutable audit trail behind every action.

app.procredio.com
Illustrative product walkthrough — placeholder animation, to be replaced.

Illustrative product walkthrough — placeholder animation, to be replaced.

How it works

List, bid, award, transfer.

1

List

Upload a loan tape or a bulk MSR pool. We ingest, stratify and run independent loan-level valuations against your assumptions.

2

Bid

Approved buyers compete on live servicing-released premiums. Include or exclude counterparties; run open or sealed.

3

Award

Best execution is awarded per loan or per pool. All-in pricing — asset price plus SRP — is disclosed upfront.

4

Transfer

Settle through automated servicing transfer with standardized agreements, document checklists and net funding of escrows and fees.

Capabilities

Four capabilities, one exchange.

Everything a secondary-marketing desk needs to mark, move and monitor servicing — without stitching together a valuation vendor, a bid process and a transfer agent.

01

Loan-level valuation

Discounted-cash-flow MSR marks on every loan — prepayment-, delinquency- and cost-adjusted — so a bid rests on the asset, not a stale grid.

02

Competitive bidding

Float servicing to a panel of approved buyers and take live, loan-level servicing-released premiums. Best execution, awarded per loan or per pool.

03

Automated transfer

Standardized purchase-and-sale terms and automated servicing transfer — imaged-document and final-document checklists, with reps bifurcated correctly.

04

Analytics & hedging

Interest-rate and prepayment sensitivities, retain-vs-release signals, and an expected-trade-price feed wired straight into the secondary desk.

On the exchange

What trades look like.

🇺🇸United States·Servicing-released · Co-issueIllustrative

Co-issue servicing-released, conforming retail flow

Regional independent mortgage bank → national subservicer-backed buyer

Problem

A retail lender wanted to release servicing at loan sale to protect cash flow, but was leaving basis points on the table selling to a single correspondent SRP grid.

Approach

Loans were floated to a panel of approved buyers for live, loan-level servicing-released premium (SRP) bids. Best execution was awarded per loan and settled with automated servicing transfer and standardized purchase-and-sale terms.

🇺🇸United States·Bulk MSRIllustrative

Bulk Fannie/Freddie MSR portfolio sale

Mid-size servicer rebalancing capital

Problem

A servicer needed to sell a seasoned agency MSR portfolio to free up capital, but bulk processes were taking weeks of tape prep, stratification and back-and-forth on assumptions.

Approach

The tape was ingested, stratified and independently valued in the platform; qualified buyers bid against a shared, transparent data room with agreed prepayment and delinquency assumptions.

🇺🇸United States·Analytics · HedgingIllustrative

Pipeline hedge and retain-vs-release desk support

Non-bank originator, secondary marketing desk

Problem

Secondary marketing needed a defensible, daily retain-vs-release signal and a mark on the MSR asset consistent with where it could actually trade.

Approach

Loan-level MSR marks, interest-rate and prepayment sensitivities, and an expected-trade-price feed wired into the desk's daily best-execution and hedge decisions.

Signal

The market behind every mark.

Rates, MBS current coupon, prepayment S-curves, MSR multiples and delinquency — the public picture that moves the value of a servicing book, in one place.

Open Signal
Engage

Ready to see live pricing on your portfolio?

Tell us about the servicing you hold or the flow you want to acquire. We'll set you up with access to the exchange.