SAN FRANCISCO, CA, USA, November 15th, 2018 (PRNEWSWIRE) – Compass Analytics announced today significant enhancements to CompassPoint™, their industry leading risk management and loan sales platform. This major update expands CompassPoint™’s suite of capital markets tools and analytics, creating a capital markets toolbox with the options lenders need to achieve best execution in all possible selling scenarios.
Compass’ capital markets trading tools commonly saw significant upgrades to functionality and usability. In addition to improved mini bulk selling and hybrid AOT capabilities, CompassPoint™ now has deeper integrations with Freddie Mac’s Loan Selling Advisor platform and has complied with both Fannie Mae and Freddie Mac’s ULDD Phase 3 requirements, over six months ahead of schedule.
Enhancements to CompassBid, the loan sales platform within CompassPoint™, now allow users to seamlessly generate tri-party agreements and automatically distribute the agreements to an ever-expanding group of supported investors.
In response to lenders need for a better way to assess investor “shadow” bids without disrupting their existing best execution analyses, CompassPoint™ added a new setting to separately track shadow bids from prospective investors. This gives lenders a greater overall view of their pipeline in order to fully achieve their pipeline’s potential.
To further enhance this 360-degree view, CompassPoint™’s Pooling Optimizer has been updated to allows lenders to aggregate their loans in order to find optimal selling combinations, further solidifying CompassPoint™ as a one-stop shop for capital markets.
Finally, this extensive update introduced CompassPoint™ Agile, a streamlined, focused version of the software designed to be flexible and easy to use for sellers of any size or sophistication; with CompassPoint™ Agile, loan sales that once took an expert team can now be handled with just a few keystrokes and the click of a button.
James Baublitz, Product Manager, Pipeline Analytics explains, “Lenders need the ability to control their systems – flexibility and ease of use are crucial for lenders to stay competitive. Compass doubled down on this idea and simplified our interface creating an easy-to-use, full-model analytics platform that includes expansive reporting and market-leading integration capabilities.”
About Compass Analytics, LLC
Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ platform is revolutionizing the way home loans are formed and sold through the use of innovative real-time technology supported with services, expertise, and guidance. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.
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