AOT and Direct Trade are two of a variety of pricing options allowing you to make the right decisions for your business.Chase offers strong relationship management, competitive pricing, a flexible delivery schedule and online pricing and pipeline management features. At Chase, we realize in today’s market, you must explore and take advantage of every opportunity to minimize cost and maximize profits. As a Chase Mandatory customer, you retain control and flexibility affording you the power to direct your production and increase your returns.
| AOT / Direct Trade |
| Program Terms |
Eligible products |
FHA/VA and Conventional Fixed-Rate Loans per Chase guidelines |
| Minimum trade amounts |
AOT–$500,000
($250,000 GNMAII)
Direct Trade–No Minimum |
| Delivery |
5 delivery dates per pool month with delivery period price adjusters |
| Delivery tolerance |
+/- 2.00% |
| Commitment Management |
Commitment rolls/extensions |
Maximum of 2 rolls allowed
At market price
|
| Pair offs |
Based on current market security price vs. original security price |
| Blends |
Commitments may be over delivered by a maximum of 20% of the original trade amount. Call for details. |
| Swaps |
Available between eligible products, terms and security rates |
| Pricing |
Fees and adjusters |
Apply to loans as stated in the Correspondent Lending Guide and/or daily Best Effort rate sheet or Mandatory Adjuster Grid |
| Price caps |
Agency Conventional Fixed-Rate net price cap 105.00*
Government Fixed-Rate net price cap 105.00*
|
| Loan extensions |
3 days to clear suspense items prior to extension fees being assessed |
|
|
* Net price is after loan level adjusters |
For more information please contact your Account Executive.
Mandatory Pricing: 800-250-5015
CHF.Mandatory@chase.com