AOT / Direct Trade / Dynamic Pricing

In today's market, we need to actively explore every opportunity to minimize costs and maximize profits. As a Chase Mandatory Desk customer, you retain the control and flexibility to direct your production and increase your returns.

Experience the added value offered by the Chase Mandatory Desk Team

The Mandatory Desk Team at Chase offers the experience and resources to help you accomplish your goals and objectives.

  • Dynamic Pricing Bulk Bid Program
  • Live TBA pricing online
  • Ability to create DTs online
  • Commit Dynamic priced loans online
  • Ability to assign AOTs
  • Ability to upload AOT documents online
  • Strong relationship management
  • Real-time pipeline management capabilities
  • Flexible delivery schedules

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

Mandatory Trade Desk

Application Support


Program Terms

AOT/Direct Trade

Dynamic Pricing Bulk Bid Program

Eligible products

Agency fi xed-rate and FHA, VA loans per Chase guidelines

Agency fi xed-rate and FHA, VA loans per Chase guidelines

Eligible rates

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

Pricing refl ected in bid off er available in ChaseLoanManager or via email

Minimum trade amounts

DT - No minimum commitment amount

AOT - Minimum trade amounts

  • - $500,000 FNMA, FHLMC & GNMA-I
  • - $250,000 GNMA-II
  • - Increments: $1,000 above minimum allowed

No minimum trade amount

Mandatory commitment limit

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

Limits are rolling based on fi le delivery rather than funding

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

Commitment limits are calculated based on file delivery

Delivery

5 delivery dates per pool month with delivery period price adjusters

Delivery period adjusters are posted daily on the MAG

3, 7 or 15 days

Delivery tolerance

+/- 2.00%

Not applicable


Commitment Management

AOT/Direct Trade

Dynamic Pricing Bulk Bid Program

Commitment rolls

Maximum of 2 rolls allowed

Roll costs are at current market price

Not applicable

Blends

Available up to a maximum of 20% of the original commitment amount

Not applicable

Swaps

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

Not applicable


Pricing

AOT/Direct Trade

Dynamic Pricing Bulk Bid Program

Fees and adjusters

Apply to loans as stated in the Chase Online Guide and on the MAG

Included in loan level bid price

LMI Incentive

Available on a negotiated basis

Included in loan level bid price

Low balance specified payups

Specifi ed payups off ered for Agency 15 and 30 year (FNMA & FHLMC) and GNMA II 30 year

Included in loan level bid price

Service-Release Premium

Service-Release Premium schedule for AOT/DT loans is the same schedule as Best Eff orts

Included in loan level bid price

Loan delivery cure-by-fee

Standard cure-by policy applies

Suspense cure-by fee calculated on a per diem basis

Pair offs

Based on current market security price vs. original security price

We don't charge an administrative fee

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

Based on market movement on an individual loan basis with no delivery tolerance, refl ects MBS and non-MBS price components

Price caps

Agency fi xed-rate-base price cap 107.00

Government fi xed-rate-base price cap 108.00

Not applicable


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  • 1-877-ASK-CHASE