Mortgage Bankers:
Value Loans

CompassPoint™ supports the following valuation methods:

• Agency Securitization
• Cash (Rate Sheet)
• Structured and Whole Loan Cash Flows
• WAC (Par Rate w/Buyup and Buydown)

• Shared and Unique Loan-Feature Price/Yield Adjustments
• Best Execution Across Valuation Methods
• Price Caps
• Detailed Price Traces
• Interactive Pricing Tool:
  • Entire Pipeline or Segments
  • Relative Value
• Inclusion by Product Type and Loan-Feature Filters
• Post Best Execution Valuation Grouping

• Retained, Co-Issue and AOT Best Investor/Coupon Execution
• Copy and Paste Buyup/Buydown & Excess Grids
• Coupon Dependent Price Adjustors (e.g. Specified Pool Payups)
• Specific Cutoff Calendars
• Directed Loan Level and Note Rate Best Execution
• Dynamic Spread and MSR Derivations (Par-Rate Based)
• CompassPoint™ or Data File Mark-to-Trades
• Extrapolated TBA drops

• Product, Note Rate and Delivery Term Pricing
• Interpolation/Extrapolation for Note Rates and Delivery Terms

• Loan-Level Structured Cash Flow Valuations

• Structure Templates:
  • Variable Number of Tranches
  • Tranche Level Spreads (Coupon and Discount)
  • Tranche Level Discounting (N, I, BEEM, DM, Static)
  • Sequential or Pro-Rata (Simple, Window) Waterfalls
  • Fixed, Floater Bonds
  • Loan-Level Credit Enhancement/Loss Coverage or Anticipated Deal Capital Structure
  • Residuals (OC Lockout, Triggers, Clean Up Calls)
  • Prepayment Penalty Tranches
• Prepayment Models:
  • Static CPR
  • 3-Factor (Age in Months, Seasonality, ITM) w/Loan-Feature Curve Shifters
  • ADCO
• Default Models:
  • Static  or Vectored Default
  • Loan-Feature Curve Shifters
• Loss Severity:
  • Text-Numeric (e.g. State/LTV)
  • Loan-Feature Curve Shifters
• Prepayment Penalty :
  • State Table
  • Percentage Collected
• Loan-Level Cash Flow Monthly Detail