MDA DataQuick, a division of MDA Lending Solutions and a provider of property data, has made available an enhanced valuation product for residential mortgage-backed securities (RMBS).
According to MDA DataQuick, the valuations can identify and measure previously unknown underlying loan performance risks. The offering uses a combination of non-agency loan-level information; current collateral and property values; updated loan-to-value and combined loan-to-value ratios; tax delinquency status; additional liens and neighborhood default rates; and at-risk borrower behavior, such as ownership and occupancy changes.
The valuation also provides snapshot views of current and paid-off loans at any historic point in time, which MDA DataQuick says is crucial in the creation of accurate performance models.
The RMBS product is supported by a partnership between MDA DataQuick and MBSData LLC, a provider of non-agency mortgage-backed securities data and analytics.
SOURCE: MDA Lending Solutions
