RiskCore — Hedge DashboardLocked pipeline · mark-to-market · hedge reconciliation
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Snapshot: 06/18/2026 MTM report. Computes each loan’s delta from lock (the snapshot’s best-efforts mark − investor lock price) — this is arithmetic on the loaded marks, not a live re-pricing. When the best-execution pricer (T085) is fed the daily SharePoint rate sheet, this button re-prices every loan and the WA Price recomputes per loan; until then the WA Price stays pegged to the report’s all-in figure. Ineligible loans flag RED.
Active locked loans by current stage, by dollar volume. Filtered by the channel selector.
Expected pipeline revenue, plus each hedge sleeve, to net position P&L.
Loan count and locked volume at every stage, for all three MeridianLink channels.
Desk-level overlay — TBA shorts sized to the book plus asymmetric option protection. Selecting a channel attributes them pro-rata by locked $.
TBA shorts mark at sold-price vs current price (a true current gain/loss). For options, Strike / entry vs Underlying / now drives moneyness; ITM shows intrinsic value. The MTM $ column is the source report’s figure — a true option mark (premium + time value via Black-76 on the live feed) replaces it once deployed. Values are as of the loaded snapshot, not live-ticking until the market feed is wired.
Every active lock with its current best-efforts mark and margin — the MCT "Derivative Asset MTM" view. Sortable; filterable.
Truly originates in Nexus, not MeridianLink, so it is not in this MTM export. It wires into this same dashboard through the RiskCore Nexus connector (NEXUS_TRULY) — shown as a distinct channel so the board is complete the moment that feed is live. No figures shown until real data arrives.
Loan margin = current best-efforts price − broker rate-lock price, × loan amount.
Hedge MTM = trade price − current price on each open TBA short and option.
Net P&L = expected pipeline revenue + net hedge MTM.
Channel from loan number: 2 / 3 → Wholesale, 5 → Correspondent, 7 → Retail.
Day-over-day (and intraday) change report — the MCT "Hedged / BE Pipeline Deltas". The current 2026-06-18 pipeline (136 locks) is compared automatically against the most recent stored snapshot. Each time you open this dashboard it remembers that day's pipeline, so after the first one you never need to load a file — tomorrow's report just shows the delta on its own.
Live, hands-off intraday deltas (no stored file at all) come with the production build (T077) once it reads hedge.position_snapshot directly — every mark is already time-stamped in the database.
Every hedge position with its expiry / settlement, days remaining, and the date by which it must be rolled or replaced. Days count from today. Option strikes & expiries verified against the MCM 11:08 AM risk report (all options expire 8/21/2026). When your own options strategy is running, this tab is your coverage-gap alarm — it tells you when downside protection lapses and new coverage is needed.
Notional by expiry / roll date — gold = within the alert horizon, red = inside the roll-lead window or expired.
The marks behind the hedge book — live FNMA TBA now, treasury options historical (live arrives with the expanded Barchart account). Feeds the marking engine, coverage, and the Simulation Lab.
UMBS30 coupon stack — price, roll, vol, hedge ratio. Marks the FNMA30 TBA shorts intraday (source: MBSQuoteline).
5 / 10 / 30-year for context.
Runs on the loan data already in the system — live from the Azure database. Ask in plain English, or run a scenario / Monte Carlo; the analyst executes the real engine on the current book and explains the result. Nothing to install, nothing to upload.
Sizes the security amount to add or lift, against the current pipeline and standing coverage.
“I’m selling these loans — which trades do I pair out of?” Paste loan numbers (or a dollar total).
Fed hike/cut, vol spikes, rate shocks, pull-through — on the live book, instantly.
Thousands of paths calibrated to real vol — odds of missing 102.50, VaR, expected shortfall.
Replay a new strategy over Barchart historical futures + options you already subscribe to.
Plain-English questions → the Opus 4.8 analyst runs the real engine server-side and explains the result — never makes up a number.
Knows your option expiries & rolls, so simulated coverage gaps surface here too.
Dashboard, deltas, coverage, and the lab are the same online service — the lab’s book is this pipeline.