Dealer-grade MBS throughput, without the dealer-grade ops floor.

Primary and regional fixed-income desks clear $1 billion to $180 billion a month on AFS — with higher automated throughput and meaningfully lower headcount than legacy processing.

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The sell-side reality

Matching the market’s throughput shouldn’t mean matching it in people.

Sell-side MBS processing is still largely manual. Legacy approaches require two to three times the operations headcount to clear comparable volume. In the age of automation, that’s a structural disadvantage.

$1–180B

Monthly volume

Primary and regional dealer clients across the full volume range.

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Ops FTEs / desk

Average human-capital resources on an AFS dealer desk run under three.

10+ yrs

FIS partnership

Dealers are serviced through our long-standing partnership with FIS Global.

What changes with AFS

Higher automated throughput across the dealer workflow.

✓All dealer-required functionality — pair-offs, assignments, round robins, EPN, reporting.
✓Transparent integration — see and manage every flow across the network.
✓Exception-based EPN color coding — prioritize visually; work the exceptions.
✓FICC / RTTM / CTM connectivity — matched, cleared, reported on your rails.

	Legacy / manual	AFS
Automated throughput	Partial	High
Ops headcount	2–3× higher	< 3 FTEs
Overhead model	Brick & mortar	Virtual / low cost
Exception handling	Queue	Color-coded

Questions

Dealer FAQ

What volume range do you support?

Primary and regional dealer clients with monthly volumes from $1 billion to $180 billion.

How is the dealer service delivered?

Through our 10+ year partnership with FIS Global, paired with TBA Mortgage Master’s automated throughput.

How many people does it take to run?

Average human-capital resources on an AFS dealer desk run under three FTEs — versus two to three times that for comparable legacy processing. [VERIFY]

Do you connect to FICC and the matching utilities?

Yes — FICC, RTTM, and CTM connectivity are core to the dealer workflow.

Clear more volume with a smaller floor.

See the dealer workflow end to end.

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