🇺🇸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.
Outcome
$[TODO]B UPB cleared; diligence-to-award compressed from weeks to days.
Bulk tape ingestStratificationDCF valuationData room
🇺🇸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.
Outcome
Daily marks reconciled to observed trade levels; auditable assumption log.
MSR marksRate sensitivitiesPrepay modelBest-ex feed
🇺🇸United States·Servicing-released · Non-QMIllustrative
Specialty / non-QM servicing-released execution
Specialty originator → specialty servicer buyer panel
Problem
Thin, illiquid SRP quotes for non-QM and specialty product meant execution was slow and opaque, with few counterparties willing to price.
Approach
Product-aware routing surfaced only buyers with appetite and approvals for the specific collateral, then ran a sealed competitive bid with standardized reps allocation.
Outcome
Deeper buyer coverage on hard-to-price collateral; transparent audit trail.
Product-aware routingSealed bidReps allocationNon-QM