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Press Release:
November 16, 2007
Compass Announces Successful
Acquisition of LION, Inc.’s Tuttle Risk Management
Services
San Francisco,
CA – November 16, 2007– Compass
Analytics, LLC (“Compass”) announced today
that it has successfully closed the acquisition of LION,
Inc.’s Tuttle Risk Management Services (“TRMS”)
Business unit and certain related assets. The combination
of Compass and TRMS creates the largest outsourced risk
management provider in the industry, and greatly expands
the utilization of Compass’s analytics. The combined
company provides services and analytics to small and
large participants across the breadth of mortgage capital
markets including mortgage banks, banks, thrifts, credit
unions, servicers, investment banks, MI companies and
agencies. The broad suite of products and services offered
includes outsourced hedge advisory and third party valuation
services as well as hosted and licensing options for
pipeline risk management, servicing rights valuation,
and whole loan trading analytics.
“Both Compass
and TRMS are well respected companies in our space and
we are very excited with the ability to scale and leverage
the best practices of both organizations”, stated
Rob Kessel, Compass Analytics’ Managing Partner.
“We look forward to providing our joint customer
base industry-leading service and analytics and launching
new products and services into the market.”
"TRMS is delighted
to join forces with Compass," stated Sern Clementson,
President of Tuttle Risk Management Services, LLC. "This
transaction will enable our TRMS customers to access
a much broader array of products and services than we've
ever been able to offer in the past."
About Compass
Analytics, LLC:
Compass Analytics provides
valuation and interest rate risk management solutions
to mortgage capital markets participants. Compass Analytics
licenses its software CompassPoint™ to mortgage
traders, investors, originators and servicers in order
to provide unparalleled analysis in previously unattainable
speed. CompassPoint’s loan-level models, integrated
file mapping, market and credit inputs, whole loan and
structured cash flow analysis and reporting capabilities
give CompassPoint users the competitive advantage in
evaluating all mortgage collateral. In addition to licensing
CompassPoint™, Compass uses CompassPoint™
internally to provide third party valuations as well
as outsource hedge execution services, both of which
draw on Compass’ considerable expertise and access
to market color. For more information about Compass
Analytics, please visit its website at http://www.compass-analytics.com
or contact Rob Kessel at 415-925-2812 or
rkessel@compass-analytics.com.
For more information about Compass Analytics, please visit its website
at http://www.compass-analytics.com or email kkramer@compass-analytics.com. |