Daylight Forensic & Advisory LLC, a New York-based independent regulatory and investigative consulting firm, has developed proprietary software that assesses the level of risk in mortgage-backed securities (MBS).
According to the company, this new tool will allow financial institutions to evaluate securities' underlying loans to determine the risk of default, nonperformance and fraud. It will also evaluate current and future exposures and is designed to allow MBS investors, such as hedge funds and investment banks, to minimize their potential losses.
