Mortgage Lending · Secondary Marketing & Investor Relations
Hedging and pipeline management procedures
A written procedure explaining how a lender hedges its locked loan pipeline against interest rate moves before loans are sold.
What it usually contains
- Pullthrough and fallout assumptions by lock stage and rate movement
- Rules for sizing and adjusting hedge positions, such as TBA trades or forward commitments
- Daily pipeline reporting and position reconciliation steps
- Approved counterparties, trading limits, and who may execute trades
- Margin call handling and escalation when losses exceed set thresholds
What the assistant uses it for
Answer questions about how the pipeline is valued and hedged, who is authorized to trade, and what limits or reporting apply. Also useful for explaining fallout assumptions and margin procedures to auditors or examiners.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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