Mortgage Pipeline Hedging
Aegis™ by Apollo Hedge Advisors
Pipeline hedging, TBA trading, best execution and direct investor commitments in one capital markets platform, built by people who have run the desk.
Overview
Aegis™ by Apollo Hedge Advisors is purpose-built for mortgage lenders that need one system to manage pipeline risk, execute TBA trades, find the best execution across investors, commit loans and see the results in real time. The hedge model is highly configurable and adapts to how your secondary team already works.
Whether you are moving from best efforts to mandatory delivery, hedging a complex product mix like single-close construction, or tightening loan sale execution, Aegis gives you the tools and the expertise to protect margins and grow profitability.
Platform Capabilities
Pipeline Hedging
Configurable hedge models with live coverage, pull-through and fallout modeling, fed automatically from your loan data. Specialty products such as single-close construction are supported.
TBA Trading
Simple trade entry with immediate position feedback, dealer management, and assignment of trade built into the commitment flow.
Best Execution
Every loan priced across every eligible investor, with automated bid tapes, eligibility screening and a side-by-side comparison of the bids that come back.
Direct Commitments
Request quotes, commit, extend and pair off directly with Fannie Mae and Freddie Mac, and bid and lock with PennyMac, without leaving the platform.
Aggregator Workflow
Bid tapes sent to your aggregators and their bids and confirmations read back in automatically, so the whole trade lives in one place.
Mark-to-Market & Shock Analysis
Daily mark-to-market, position summaries, shock and basis analysis, and the hedge analytics you need to explain results to leadership.
Key Features
Customizable Hedge Model
Parameters that match your risk tolerance, product mix and workflow, including configurable fallout assumptions.
Flexible Data Delivery
Send and receive data through multiple channels, so Aegis works the way you work.
One-Click Bid Tapes
Bid tapes generated and distributed to investors in one step, with GSE pricing retrieved automatically.
Scenario Modeling
Model trades before you place them and see the effect on coverage across market scenarios.
Executive Reporting
Executive reports and workbooks generated and emailed on your schedule, merged into one bookmarked PDF.
Expert Oversight
Risk monitoring by experienced capital markets professionals, with regular reviews of your hedge performance.
How It Works
- 1
Pipeline Import
Locked loans flow in automatically on a schedule, with lock dates, amounts, products and pricing.
- 2
Risk Analysis & Position Management
Aegis calculates pipeline exposure against your hedge positions and lets you model trades before you make them.
- 3
Trade Execution
Enter TBA trades with immediate position updates and manage dealer relationships in one place.
- 4
Best Execution & Commitment
Price loans across eligible investors, send bid tapes, and commit directly with the GSEs or through your aggregators.
- 5
Ongoing Monitoring
Dashboards, mark-to-market and scheduled reports keep everyone current as loans close, fall out or markets move.
Service Delivery Options
Use Aegis on your own, with our team alongside you, or let us run the hedge for you.
Self-Service
Full platform access with expert oversight and regular personalized reviews.
Hybrid
Platform access plus hands-on support for complex situations and busy periods.
Full-Service
Complete trading and risk management by our team, for companies that want expert hands on the hedge every day.
Key Benefits
Improved Profitability
Hedging done well protects gain on sale margins, which often shows up as a meaningful improvement on the bottom line.
Enhanced Efficiency
Lenders moving from best efforts free their lock desk and secondary teams from manual lock updates with multiple investors.
Better Decisions
Real-time positions, analytics and scenario modeling inform pricing and execution strategy.
Scales with You
The platform handles growing volume and product complexity without adding headcount.
What Our Partners Say
“Apollo was able to effectively provide complex hedge strategies that maximized gains while reducing cash flow variability to provide confidence in anticipated returns of our single close construction portfolio, an area for which previous hedge providers struggled to manage. Overall, their expertise strengthened our valuation methodology, provided greater stability to our cash flows, and increased confidence in the management of our loan portfolio that allowed for better, more informed, business decisions.”
Tony Turgeon
Managing Director, Tradepost
Works Well With
Ready to Optimize Your Pipeline Hedging?
See how Aegis can protect your margins and simplify your secondary desk.