Kroll Factual Data, a provider of business information solutions to financial organizations, and MIAC Analytics, a provider of post-origination and secondary mortgage pricing, hedging, accounting and risk management solutions, have formed an alliance to provide whole loan collateral risk assessment to mortgage investors and risk managers.
‘Our alliance with Kroll Factual Data provides real-time risk metrics to help our clients measure the fundamental risks caused by the current financial crisis,’ says Paul Van Valkenburg, principal at MIAC. "Together, we are providing our customers with current loan value and borrower credit information to manage portfolio risk accurately and in a timely manner."
Kroll Factual Data assesses consumer data to help clients evaluate loan characteristics, transfer risk and increase safety and soundness. MIAC Analytics' integrated software products assist with deriving loan loss reserve calculations, pricing and valuation of mortgage-based assets and OTTI for securities.
The integration of Kroll Factual Data's updated risk metrics, lender data and collateral behavior assumptions derived with MIAC's analytic tools provides for faster, more comprehensive loan evaluation and pricing, the companies say.
SOURCES: Kroll Factual Data, MIAC Analytics