Purchase Advice Automation

Accord™ by Apollo Hedge Advisors

Purchase advices collected from your investors, read line by line, balanced to the wire and delivered to your systems, with no rekeying.

Overview

Every loan you sell comes back as a purchase advice, and every investor formats theirs, and names its fees, differently. Someone on your team logs into portals, downloads PDFs and spreadsheets, and keys prices, fees, interest and escrow into your LOS, then chases the pennies when the wire does not match.

Accord™ by Apollo Hedge Advisors does that work for you. It retrieves purchase advices automatically from Fannie Mae and Freddie Mac through their official APIs, and from other investors that allow automated retrieval. For everyone else, it is as simple as a drag and drop. Accord then extracts every line exactly as printed, proves the figures add up to the wire, and sends the result to your systems. Your team reviews only the exceptions.

Along the way, each investor’s fee names are translated into one normalized naming convention, so the same fee is reported the same way no matter who bought the loan. Reporting gets easier and your data stays consistent across every investor.

What Accord Does

Effortless Collection

Fully automated collection from Fannie Mae and Freddie Mac through their official APIs and from other investors that allow it, and as little as a drag and drop for the rest.

Extraction & Normalization

Every price, fee, interest and escrow line captured exactly as printed, and each investor’s fee names mapped to one consistent naming convention for clean reporting.

Balanced to the Wire

Pricing, interest, fees and escrow are summed and checked against the printed wire total to the cent. A loan that does not balance is never sent on.

Exception Review

Only the loans that need a person reach your team, with the unexplained line highlighted, corrections captured with a reason, and every override logged.

Delivery to Your Systems

Verified results delivered securely to your systems, with confirmation of receipt.

Learns Each Investor

New investors start with full review. After a run of clean confirmations, an investor moves to automatic delivery.

How It Works

1
Collect
Purchase advices arrive automatically from supported investors, including Fannie Mae and Freddie Mac, or with a simple drag and drop for the rest.
2
Extract
Each line is read exactly as printed and mapped to your standard fields using that investor’s configuration.
3
Verify
Pricing, interest, fees and escrow are checked and the total is balanced against the wire. Anything that does not reconcile is flagged.
4
Review Exceptions
Your team resolves flagged loans in one screen. Clean loans skip this step entirely.
5
Deliver
Verified results are sent to your systems automatically or after approval, and the receiving system confirms receipt.

Built for Operations Teams

Self-Service Mapping

When an investor prints a new line, map it to a field yourself and reprocess. No support ticket required.

Duplicate Protection

A purchase advice that has already been processed is recognized and flagged, so nothing is entered twice.

Purchase Activity

Units and principal purchased by investor, period and loan size, at a glance.

Audit Trail

Every correction, override and delivery is recorded with who made it and why.

Key Benefits

✓

Up to 90% Less Manual Work

Accord removes up to 90% of the manual effort, so a single employee can handle hundreds of purchase advices a day.

✓

Accuracy You Can Prove

Every delivered loan balances to the investor’s own wire total.

✓

Faster Close-Out

Purchase advice data reaches your systems sooner, so reconciliation and reporting are not waiting on data entry.

✓

Scales with Volume

More loans and more investors without more people keying purchase advices.

Works Well With

Mortgage Automation

MERS, Servicing & More

MERS registration, transfers and reconciliation, servicing and interim servicing boarding, and rate sheet distribution, all automated.

Learn more →

Mortgage Pipeline Hedging

Pipeline hedging, TBA trading, best execution and direct investor commitments in one capital markets platform.