Agile, a Philadelphia-based fintech company focused on mortgage-backed securities (MBS), announced on Monday the execution of the mortgage industry’s first fully-automated Assignment of Trade (AOT) transaction. AOT transactions involve three counterparties — a mortgage originator, a mortgage investor, and a broker dealer — and are designed to transfer loan collateral and hedge positions to a mortgage investor.

Prior to Agile’s execution of its fully-automated AOT, MCT — a leading mortgage capital markets technology firm — completed automation of the process for loan collateral assignment between mortgage originators and mortgage investors. With this transaction, however, Agile has automated the process for trade details ⇒

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