Mortgage Backed Securities (MBS Expert®)
MBS Expert is the solution of choice for buy-side and sell-side traders, portfolio managers, and operations personnel who want to improve trading and operational efficiencies as well as reduce risks inherent in the MBS trading environment. The MBS Expert suite of applications is specifically engineered to give users a competitive advantage in the often volatile mortgage-backed securities TBA market.
Each MBS Expert subsystem is designed to enable the user to efficiently manage a particular segment of the MBS allocation trade flow. Together, the MBS Expert subsystems provide an unparalleled foundation for the straight-through processing (STP) of MBS transactions. MBS Expert offers reliable functionality to effectively manage the MBS trade flow process with benefits including:
Improved Operational Efficiency and Risk Mitigation
By automating the transaction flow from trade capture through pool allocation, MBS Expert promotes greater operational efficiencies and risk mitigation through higher levels of STP and reduced exception processing. By minimizing your manual processing, MBS Expert allows you to dedicate your staffing resources to growing your business.
Proven Track Record
MBS Expert is the industry standard middle office TBA allocation system. Our client base includes four of the top 11 most active (by trade volume) mortgage desks on the street. Intellectual capital is among our greatest assets, and our clients receive support from a team of dedicated business and technical experts with a wealth of industry knowledge.
Service Bureau Offering
MBS Expert Service Bureau is the only standalone ASP solution in the marketplace. By leveraging the economies of scale and cost saving benefits of Broadridge's service bureau, you can focus on core business functions while dramatically reducing the implementation time and ongoing investment in technology associated with competing products.
Features and Benefits
Admin EPN Monitor
The Admin EPN module provides supervisory tools that enable allocation professionals to monitor incoming and outgoing message count, message status, and system connectivity on a real-time basis. Consolidation of EPN messages to a single screen reduces your fail costs while mitigating risk.
Auto Pilot
The Auto Pilot feature facilitates automatic processing of pool information to matched buy trades and automatic transmission of outgoing EPN messages. This process automation lowers your fail costs significantly and allows you to reallocate staff to core business functions.
TBA Binder
The TBA Binder module creates a hard link between open buy and sell TBA obligations, diminishing your exception processing and increasing operating efficiency by enabling the straight-through processing of matched EPN messages.
Crunch Mode
The MBS environment is time sensitive and your staff needs to act fast to process the flow of information. Crunch mode facilitates the most efficient turning of messages during peak periods, effectively minimizing fail costs by reducing the time required to turn bonds.
Auto Allocator
The Auto Allocator is an inventory optimization engine engineered to improve your workflow by creating the most cost-effective "good delivery" scenario based upon the pools and TBA trades available for allocation.
Manual Allocator
The Manual Allocation module provides a dynamic tool for viewing and managing individual TBA and pool trades including: manually applying pool information to both buy- and sell-side TBAs, tracking overall open TBA position, and monitoring of "stip" trades, all in one centralized location.
Buy-Side Netting
The Buy-Side Netting feature enables any buy-side client to significantly reduce the number of trades that settle, substantially lowering transaction costs by matching more trades. It also allows buy-side clients to move roll positions to other broker-dealers without having actual pool settlement and other associated risks.
|
