Broadridge Financial Solutions has released a centralised Trade Assignment Portal (TAP) that will allow mortgage originators and broker-dealers to transform the execution of Mortgage-Backed Securities (MBS) Trade Assignments. TAP is a web-based platform designed to provide operational efficiency by automating workflow and allowing mortgage originators and broker-dealers to electronically send and receive trade assignments, thereby processing MBS Trade Assignments at a faster rate. Several firms are completing user acceptance testing in preparation for going live on TAP.
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