Yes! Songtrust clients are automatically opted into the best deal that Songtrust has negotiated. Sometimes this will be through the services royalty administrator's offer, such as HFA, but more often than not we are able to do a direct deal with the platform/source/digital service provider or through the NMPA, bypassing HFA. This is great for our clients, as it means less parties are involved / taking a cut of the your earnings from the various licenses.
In addition, generally HFA/NMPA/MRI/etc offers are U.S.A. focused. In almost all cases, given our size and scale of catalog we are able to get as good if not better terms for multiple territories simultaneously. Digital services often come to us first before going to other smaller independent music publishers because of our commitment to transparency, fair dealing, and good metadata.
Lastly, HFA/MRI licensing opportunities often only cover mechanical licenses, where as we, Songtrust, will also try to do direct performance licenses as much as possible further increase the earnings of our clients (note: we do not take a % of writers share at this time).
Regardless, Songtrust is constantly making sure that you are covered for new music licenses, as long as we can come to an agreement on fair rates and terms that come out, whether that's via HFA or another organization we work directly with.