New Company Offers Cloud Computing For Mortgage Bankers

12826_cloud_house New Company Offers Cloud Computing For Mortgage Bankers Level1Loans and IntraPrise Solutions Inc. have announced the creation of Level1Analytics LLC, a Fort Lauderdale, Fla.-based joint venture to provide cloud-based mortgage valuation and other financial modeling software to owners and managers of mortgage and mortgage-related assets. Each of the companies has a 50% joint ownership in the private venture.

The company's first product, L1-MSR, is a cloud-based software that provides banks, mortgage banks, credit unions, insurance companies and others with the do-it-yourself capabilities to value and stress test their mortgage servicing rights. The system is updated monthly to reflect the latest prepay speeds and assumptions, and users can either rely on these market-tested variables or use their own.


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