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Mortgage-Backed Securities Trade Assignment Portal

A smarter, more efficient way to process assignment of trades.

Mortgage-Backed Securities Trade Assignment Portal

Assignment of Trades (AOT) is labor intensive, error-prone, costly and inefficient for mortgage originators, asset managers and broker-dealers alike.

Too many variables that fragment the process, such as hunting for information in different systems or files and placing it in PDFs, increases the risk of errors which leads to degraded quality of information contained in documents. The lack of a standardized process makes information difficult to track, log and archive executed AOTs, which increases operational risk.

There is a more effective approach to AOTs. A single electronic platform for trade assignments would enable all participants to electronically initiate, review, accept and sign AOT requests. With a streamlined, straight-through process of AOT-related workflow, buy-side and sell-side AOTs can be processed in one place.

Mortgage-backed Securities (MBS) Trade Assignment Portal (TAP) is Broadridge's fully transparent, secure, centralized web-based utility.

  • It allows participants to electronically send and receive trade assignments using an automated workflow to process assignments and tailored exception-based workflows – regardless of the back-office platform
  • The use of E-signatures eliminates the need to download, sign, scan and email PDFs
  • A single wire to settle for mortgage originators and asset managers reduces costs

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