Understand. Prove. Bring to market.

Source thesis / asset

Mortgage Giga-Factory pool, loan-level references held in Scalar.

Structure

Senior / subordinate pass-through with sequential principal and servicing trigger. No issuance.

Destination

Syndesis — structure hardening, regulated partner

Venue profile

private-placement profile

Commercial options

Private placement via Syndesis partner · Whole-loan sale

Approvals

3 of 5

Evidence gaps

• Servicer tape for point-in-time package

Composition

412 loans · Scalar scl-a04e77/loans

Scalar proof coverage

Loans 100% · Waterfall 100% · Point-in-time 72%

{
  "schema": "product_candidate_package",
  "schema_version": "1.0.0",
  "idempotency_key": "COID-MBS-POOL-001:v2:cand-mbs-001",
  "tenant": "arileus-demo",
  "simulated": true,
  "coid": "COID-MBS-POOL-001",
  "ids": {
    "phronesis": "phr-obj-0003",
    "scalar": "scl-a04e77",
    "source": "mgf-pool-a"
  },
  "source": {
    "source_system": "Mortgage Giga-Factory",
    "source_object_id": "mgf-pool-a",
    "source_version": "2",
    "source_model_id": "mgf-underwrite",
    "source_model_version": "3.0.2",
    "source_created_at": "2026-09-28T16:45:00Z"
  },
  "candidate": {
    "id": "cand-mbs-001",
    "kind": "asset_backed",
    "title": "Prime Pool A — Two-Tranche Structure",
    "structure": "Senior / subordinate pass-through with sequential principal and servicing trigger. No issuance."
  },
  "policy_decision": {
    "status": "review_required",
    "policy_version": "policy-advisory-2026.10.1",
    "jurisdiction": "US",
    "advisory_only": true
  },
  "scalar_proofs": [
    {
      "ref": "scl-a04e77/loans",
      "kind": "object_state",
      "state": "proven"
    },
    {
      "ref": "scl-a04e77/waterfall",
      "kind": "calculation_proof",
      "state": "proven"
    },
    {
      "ref": "scl-a04e77/pit-2026-09-30",
      "kind": "pit_package",
      "state": "partial"
    }
  ],
  "venue_profile": "private-placement profile",
  "evidence_gaps": [
    "Servicer tape for point-in-time package"
  ]
}