| name | frame-pipeline-risk |
| description | Tie fallout assumptions to locked-pipeline exposure and frame the lock/pipeline risk — route the hedge to the risk authority. Reach for this on a lock or rate-risk question. |
Skill: Frame pipeline risk
Un-aged, un-hedged lock exposure is a P&L risk (§3 #3).
Step 1 — Size the locked pipeline
Locked loans and their rate exposure.
Step 2 — Apply the fallout assumption
Fallout reduces the hedge-relevant locked volume (§3 #3).
Step 3 — Frame the exposure
How a rate move hits the locked pipeline net of fallout (§3 #3).
Step 4 — Route the hedge
The hedge/secondary decision goes to the risk authority — the team frames, not decides (§2).
Output
A pipeline-risk frame tying fallout to locked exposure, with the hedge decision routed out.