AOT / Direct Trade

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.

Direct Trade Online is open for all Mandatory Customers

Now all Mandatory customers can access Direct Trade features on ChaseLoanManager. This Direct Trade tool is simple to use, efficient, user friendly, offers real time security and Note rate prices, and commitments generate immediately!

System Highlights

ChaseLoanManager Direct Trade enhancements allow you to:

  • access Direct Trade pricing and import into your best execution model
  • create and complete Direct Trade commitments online
  • view Commitment Confirmation and Pair-Off Letters from Letters and Forms tab
  • proactively manage commitment pipeline using real time information
  • perform searches and save personalized queries (up to 10)

Best Practices

Use the following best practices for Direct Trade Tool:

  • Commitments must be created and completed within two minutes and 30 seconds of clicking Get Price. A time displays in red font in upper and lower right corners of the commitment screen
  • When using the Search feature:
    • Use search filters to limit results; this optimizes system performance for successful download to Excel
    • Save up to 10 personalized search queries to quickly perform repetitive searches

Additional training is available in the ChaseLoanManager Resource Center > Topics > ChaseLoanManager > Mandatory > Direct Trade Online Training. For questions, contact:

Mandatory Trade Desk

Application Support

Program Terms

Eligible products

FHA/VA and Conventional Fixed-Rate Loans per Chase guidelines

Eligible Rates

Eligible Rates are posted on the daily Mandatory Adjuster Grid (MAG)

Minimum trade amounts

Trade Requirements:

  • AOT-Minimum Trade Amounts
    • $500,000 FNMA, FHLMC & GNMA-I
    • $250,000 GNMA-II
    • Increments: $1,000 above minimum allowed
  • Direct Tradeā€”No minimum commitment amount

Mandatory commitment limit

Commitment limits are established at time of approval and are reviewed annually

Limits are rolling based on file delivery rather than funding


5 delivery dates per pool month with delivery period price adjusters

Delivery period adjusters are posted daily on the MAG

Delivery tolerance

+/- 2.00%

Commitment Management

Commitment rolls

Maximum of 2 rolls allowed

Roll costs are at current market price

Pair offs

Based on current market security price vs. original security price

Chase does not charge an administrative fee

Chase may waive amounts less than or equal to $150 for Correspondents in good standing


Commitments that are overfilled (maximum 20%), receive worst-case pricing on the portion that exceeds tolerance


Available between eligible products, terms and security rates

Pricing is based on worst-case spread between the security prices from the time of original commitment or current market


Fees and adjusters

Apply to loans as stated in the Correspondent Lending Guide, daily Best Efforts Rate Sheet and on the MAG

Service-Release Premium

Service-Release Premium schedule for AOT/Direct Trade loans is the same schedule as Best Efforts

Price caps

Agency Conventional Fixed-Rate Base price cap 107.00

Government Fixed-Rate Base price cap 108.00

Loan extensions

Three days to clear suspense items prior to extension fees being assessed

Best Efforts

As a Chase-approved customer we offer a variety of pricing options designed to meet your company's needs.

Our Best Efforts program is one of those options.

Program Highlights:

  • Single loan commitment and pricing
  • Loans underwritten to Chase guidelines
  • Loans are registered and locked online through ChaseLoanManager
  • Pipeline reporting available on ChaseLoanManager
  • Customer specific rate sheet pricing
  • Rate sheet pricing does not include SRP
  • 15, 30, 45, 60, 75, and 90 day lock terms available
  • Long-term locks of 120, 150, and 180 days available
  • May extend or relock a maximum of two times
  • Lock Limits
    • $10 million per pricecode (resets with each reprice)
    • $3 million overnight (from 5 p.m. local time to 7:59 a.m. ET)

Any pricing questions may be directed to the Registration Help Desk at (800) 305-5625.

  • ChaseB2B
  • 1-877-ASK-CHASE