SAN FRANCISCO, CA–(May 14, 2015) – Compass Analytics, LLC (Compass), a leading provider of valuation and interest rate risk management solutions to the mortgage industry, announced a major advancement in capital markets pricing and locking engines today with its web-enabled suite of capital markets pricing and locking technologies. The new Compass pricing technologies announced today include: CompassPoint™ Market Imports, LenderHub™ V2.0, Bulk Pricing Automation, and new Compass Web Service features.
The new features, following Compass’s June 2014 launch of transactional web services and November 2014 acquisition of product, pricing and eligibility (PPE) technology from Priceweaver, Inc., now enable Compass to offer the industry one pricing engine capable of supporting all necessary capital markets loan-level and bulk pricing capabilities. Compass’s pricing and locking capabilities now include: point-of-sale user interfaces, investor eligibility, rate sheets, automated locking, real time risk management, accounting, delivery best execution, bulk bidding automation, and cash flow valuations such as mortgage servicing rights (MSR) valuation, portfolio loans, non-QM and structured cash flows.
The new technology allows any front-end, LOS, data mart, or Excel spreadsheet to evaluate eligibility, price loans, price MSR, and apply margins across the internet in a real-time manner, while capital markets controls all market updates, margins and model assumptions. The real-time risk management enabled by the technology sets a new industry standard by providing comprehensive risk analytics, including all relevant duration and hedge ratios for agency, non-agency, retained and released executions. The technology brings a new era of margin accuracy by allowing capital markets departments to apply accurate MSR values instead of rough approximations.
“Lenders who wish to outperform and compete in an increasingly competitive market have to be armed with timely and accurate analytics, retain and release strategies and operational scale,” says Rob Kessel, Managing Partner of Compass. Mr. Kessel adds, “Technology has finally caught up with capital markets to a point where we no longer need to run our business models with averages, approximations, and low-value, manual, repetitive daily tasks.” The Compass team will be previewing its pricing and locking technologies at the MBA National Secondary Conference in New York this month from May 17th-20th.
About Compass Analytics, LLC
Compass Analytics, with offices in San Francisco, Washington, D.C., and New York City, provides valuation, hedging and accounting solutions to mortgage originators, bankers, servicers, investors and secondary marketing departments. Compass provides its pipeline customers the necessary tools and counsel to increase profits including best execution, rate sheet, margin, pooling, investor file creation, hedge selection, accounting, and purchase advise reconciliation tools. Compass’s servicing (MSR) valuation tools are integrated into its pipeline tools to enable full best execution analysis including MSR retain/release, cash/MBS, and specified pool best execution. Compass clients also use Compass’s whole loan and MSR tools to value, hedge and generate accounting entries for their loan portfolios as well as gaining a much greater understanding of the drivers of whole loan and MSR values and risk. In addition to licensing its analytics, Compass uses its analytics internally to provide outsource hedge execution services, drawing on Compass’s considerable expertise and access to market color.
For more information on Compass, find Compass on the web at http://www.compass-analytics.com.