CoreLogic Inc. has formed an agreement with Intex Solutions Inc., a provider of structured finance deal models and cashflow analytical solutions, and Vichara Technologies Inc., a capital markets technology and consulting firm, to enhance the accuracy of cashflow projections and price/yield analytics for residential mortgage-backed securities (RMBS).
Under the agreement, joint subscribers to the LoanPerformance residential mortgage-backed securities (RMBS) data set and Intex's non-agency deal libraries will be able to match each individual loan in the LoanPerformance data set to the correct deal name, group name, Intex ground group name and Intex loan identifier in the Intex data set.
Investors will be able to use this enhancement to leverage CoreLogic's loan-level data within the Intex Subroutines and Intex Wrapper application programming interface, which the companies say will produce higher accuracy for trading decision support.
The LoanPerformance securities data set includes loan- and pool-level detail representing more than 96% of active non-agency RMBS, with history on over 23 million loans in active and liquidated deals dating back to 1992. The matching of loan-level data elements between the CoreLogic and Intex data sets utilizes Vichara's proprietary mapping algorithms.