Press Release:
September 13, 2007
Compass Analytics Releases
Mortgage Servicing Rights Valuation Tools
San Francisco,
CA – September 13, 2007– Compass
Analytics, LLC announced today the release of its Mortgage
Servicing Rights (MSR) Analytics which will provide
loan-level and aggregated modeling capabilities for
mortgage servicers and servicing investors.
The MSR Analytics, which
were developed with significant input from MountainView
Servicing Group, a Denver, Colo.-based provider
of servicing analytics and trading services, will be
released as a fullyintegrated part of Compass’s
mortgage analytics platform CompassPoint™. The
MSR analytics will include both static and option adjusted
spread (OAS) valuations, allow analysts to use loan-level
adjustors on all models, include integration to industry-standard
prepayment models, integrate accounting functionality
and include speed-enhancing parallel processing. The
full integration into CompassPoint™ provides access
to Compass’s file mapping, audit and conversion
tools and comprehensive query and reporting tools. The
MSR Analytics will be available for hosted and installation
implementations and a specific MSR Trading option will
also be available.
Commenting on his company’s
participation with Compass, MountainView President Mark
Garland said, “We felt the industry could really
benefit from a solid, intuitive, loan-level model that
was easy to maintain but still focused on performance
and analytics – a model we now have with CompassPoint™.
We are extraordinarily pleased with how our contributions
to Compass’s analytics have been implemented and
Compass’s responsiveness. We are excited about
rolling out the analytics across our customer base.”
Compass’s MSR Analytics
will be showcased at the upcoming Institute for International
Research Conference on “Successful Strategies
for Managing Mortgage Servicing Rights” scheduled
for Sept. 24 to 25 in Chicago. Compass will be a co-sponsor
of the conference.
Compass’s Managing
Partner Rob Kessel said, “Given the recent jumps
in delinquencies and foreclosure in non-agency products,
we think a loan-level model with subprime and Alt-A
functionality built in from the ground up will be particularly
valuable to the industry.”
Compass Analytics
provides valuation and interest rate risk management
solutions to mortgage capital markets participants.
Compass Analytics licenses its software CompassPoint™
to mortgage traders, originators, servicers and investors
in order to provide unparalleled analysis. 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.
MountainView
provides analytic and trading services to financial
institutions in mortgage-related business lines. Recent
events have served as a catalyst to increase MountainView
sales and trading activities to their highest levels
in the company’s history. MountainView’s
extensive client list represents a cross section of
mortgage sector participants ranging from small community
banks and mortgage companies to regional money center
banks, insurance companies, and Wall Street investment
firms. Building on a long-standing commitment to provide
its clients with highquality whole loan and mortgage
servicing rights, analytics and advisory services, MountainView
is also dedicated to continuing its presence as a principal
buyer and seller of loans in the secondary market. For
more information about MountainView, please visit its
website at http://www.mvcg.com
or contact Mark Garland at 303-633-4718 or mgarland@mvcg.com.
For more information about Compass Analytics, please visit its website
at http://www.compass-analytics.com or email kkramer@compass-analytics.com. |
