Mortgage Bankers:
Accounting

CompassPoint™ provides the following accounting capabilities:

• User-Defined Cost Basis:
  • Loan Level
  • Day-1 Market Price
  • Loan/Product/Channel Margin Derivation
  • Gain/Loss & Cash Flow Monthly Projections
• Gain/Loss Summaries and Reconciliation
• Best Execution, Accurate Valuations
• Separate Accounting Pullthrough
• Product and Originator Profitability
• FAS 133/GAAP:
  • Like Assets Buckets/Testing
  • Hedge Effectiveness Testing
  • Proportionality Testing
  • Balance Sheet Entries, Applicable Detail