Founded in 2006 in Boston and in production since 2008, built by partners who each spent 15+ years in investment management, clearance and settlement operations, and software engineering before starting the company.
AFS is a virtual fintech company. No brick and mortar, no sprawling overhead — a scalable software and technology network instead. That model lets us run highly automated fixed-income processing at a low per-transaction cost.
Our only focus is U.S. Agency MBS TBA and specified-pool clearance and settlement, and we are the market leader in this space.
In Boston, Massachusetts.
On top of 15+ years each in investment management, clearance & settlement, and software before founding AFS.
Agency MBS clearance & settlement, exclusively.
Servicing dealer clients.
From CTM/RTTM trade confirmation through pair-offs, assignments, round robins, EPN allocations, settlement reporting, and daily reconciliation — automatically. Custodians and third parties report from the same network.
Joe is the public face of Alpha Financial Software and a veteran of fixed-income operations and technology. He speaks regularly with the financial press on MBS market liquidity and the operational realities of TBA margin standards, and leads AFS’s mission to automate Agency MBS clearance and settlement end to end.
Connect on LinkedIn →AFS was founded in 2006 by partners with 15+ years across investment management, clearance & settlement operations, and software engineering. That blend — markets fluency plus deep technical build capability — is why TBA Mortgage Master fits the way MBS desks actually work.
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