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CoreLogic Releases RMBS Analysis Technology

""CoreLogic"":http://www.corelogic.com, a California-based provider of information, analytics, and business services, recently released Vector Securities, a platform to enable transparent and dynamic loan-level analysis of non-agency residential mortgage backed securities (RMBS).

""Vector Securities delivers an unprecedented level of transparency at both deal- and loan-level and is key to enabling a new era of confident securitizations,"" said Ben


Graboske, SVP of product and technology for CoreLogic's data and analytics group.

""Access to this level of data and the ability to see trends as they develop will be an important tool for the RMBS market as it reestablishes itself and liquidity returns,"" Graboske added.

Covering more than 97 percent of the non-agency MBS market, Vector Securities provides ongoing monitoring of overall collateral performance by leveraging origination characteristics, monthly performance data, and loan modification data.

It integrates CoreLogic's home price index to help forecast Zip code-level price trends. Vector Securities also provides loan-level access to TrueLTV, a loan-to-value (LTV) monitoring solution that exposes hidden liens, a likely indicator of future default risk, according to CoreLogic.

In addition, the technology provides daily updates to its integrated dataset of more than 400 attributes and 480 separate metrics. Users can conduct time-series analysis, benchmark with synthetic portfolios, or model dynamic metrics to trend performance.

About Author: Heather Cernoch


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