This feature is not available in Encompass Broker Edition.
The Trade Management solution supports three common approaches to managing trades. You can pool similar loans into loan trades and then send them out to investors for bids, you can create forward-looking loan trades and assign eligible loans as they come in, and you can bundle loan trades into a security trade.
Using Trade Management, you can:
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Create and manage bulk loan trades
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Create master contracts and then apply loan trades to the contracts
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Apply templates for investor information, SRP pricing, and adjustments based on loan criteria
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Search for eligible loans using simple and advanced searches
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Track trade status, profitability, and transaction history of Loan trades
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Create and manage security trades
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Create and manage mortgage-backed security (MBS) pools
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Create and manage GSE commitments
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Create and manage Correspondent trades
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Create and manage Correspondent master contracts
- Create and manage bid tape registration jobs
The Trades Tab
The Trade Management features are located on the Trades tab, which contain nine modules.
Loan Search
Use the Loan Search module to search for eligible loans to add to new or existing trades. You can quickly perform a simple search by selecting options from predefined filters, or create your own advanced criteria. You can save searches for future use, customize the view of search results, and export search results to a .csv file. You can also open eligible loans directly from the Loan Search module to view loan details.
Loan Trades
Use the Loan Trades module to create, manage, and track bulk loan trades. In addition, you can also create, manage, and track open Assignment of Trades (AOTs) by investor. The module manages key trade data such as investor details, loans with pricing and adjustments, pair off fees, total gain/loss, and transaction history.
Master Contracts
Use the Master Contracts module to manage contracts made with investors for the delivery of loan trades. The module tracks key information such as the amount of the contract, the number and value of the trades that have been applied, percent completion, and the total gain/loss.
Security Trades
Use the Security Trades module to create, manage and track loans trades that are being grouped into security trades. You can enter security trade and dealer information, assign and unassign trades, allocate and deallocate multiple pools to trades, edit pair-off details, lock and unlock trades, add notes, view the history of activities for a trade, and archive trades.
MBS Pools
Use the MBS Pools module to create, manage and track MBS pools. You can create Fannie Mae, Fannie Mae PE, Freddie Mac, and Ginnie Mae pools, allocate and deallocate multiple security trades (TBAs) to pools, import and assign loans to pools, manually input and assign loans to pools, add notes, view the history of activities for a pool, and archive pools.
GSE Commitments
Use the GSE Commitments module to create, manage and track GSE commitments. You can allocate and deallocate multiple Fannie Mae PE MBS pools with multiple guaranty fees to commitments, manage multiple products, manage multiple Buy Up and Buy Down grids by product, add notes, view the history of activities for a commitment, and archive commitments.
Correspondent Trades
Use the Correspondent Trades module to create, manage and track correspondent trades. In addition, you can also create, manage, and track open Assignment of Trades (AOTs). The module manages key trade data such as loans with pricing and adjustments, pair off fees, total gain/loss, and transaction history.
Correspondent Masters
Use the Correspondent Masters module to manage commitments made with correspondent sellers for the delivery of correspondent trades. The module tracks key information such as the amount of the master commitment, the delivery type, effective and expiration dates, and the delivery expiration date.
Bid Tape Management
Use the Bid Tape Management module to manage bid tapes. The module tracks information such as current and past bid tape registration jobs, processing and completed jobs, and detailed information for a specific job to enable issues to be addressed and rows to be resubmitted if they were not processed.
Trade Management Setup
View the "Trade Management: Setup" Quick Reference Guide
Before creating trades, you should create templates for your investors, SRP pricing, and other adjustments. It's also a good idea to add master contracts (if you have them) so that trade information can be applied to and tracked for each contract.
Create and Manage Trades
After creating templates and master contracts, you can search for loans, create trades, track the progress of trades, create and work with security trades, work with master contract, create and work with MBS pools, create and work with GSE commitments, create and work with correspondent trades, create and work with correspondent master commitments, and create and work with bid tapes. On many of the screens on the Trade tab, you can control the information that is displayed by sorting, filtering, and reconfiguring the columns. You can then save the configuration as a custom view and apply the view to the data at any time.