New Broadridge portal automates and transforms the MBS Trade Assignment Process

New Broadridge portal automates and transforms the MBS Trade Assignment Process

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech firm and part of the S&P 500® Index, has just announced that it has launched a new centralized Trade Assignment Portal (TAP).

Mortgage originators and broker-dealers will now be able to transform the execution of Mortgage-Backed Securities (MBS) Trade Assignments. TAP is a web-based platform, enables originators and broker-dealers to electronically send and receive trade assignments, maximizing the operational efficiency through a well-managed workflow to facilitate the initiation, review, acceptance, e-signatures, status tracking, archival, and straight-through execution of MBS Trade Assignments. 

As one of the pioneering mortgage originators, we look forward to working with Broadridge on the newly launched, centralized Trade Assignment Portal,” said Stanley C. Middleman, President and CEO of Freedom Mortgage. “Leveraging Broadridge’s network and scale, the platform will also allow us to minimize the time spent on manual trade assignments and better focus on core business functions.

Broadridge is committed to introducing technology innovations that help our clients further eliminate operational inefficiencies and grow their businesses. TAP is an example of such an innovative platform that streamlines industry workflows across MBS participants,” said Vijay Mayadas, president of Global Fixed Income and Analytics, Broadridge. “We are excited to work with broker-dealers and mortgage originators, enabling them to grow as we leverage our network value to help clients get ahead of today’s challenges and capitalize on tomorrow’s opportunities.

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