Clayton Holdings LLC, a provider of customized risk analysis, loss mitigation, operational solutions and staffing services, says its independent pricing service, Clayton IPS LLC, will now use CompassPoint to support its independent assessment of performing whole-loan valuations.
Clayton IPS will rely on CompassPoint as the cashflow engine, model and reporting framework to provide market color and collateral performance projections needed to generate pricing and analytics for verifying whole-loan portfolio values. Prior to transitioning to CompassPoint, Clayton IPS focused primarily on the valuation of residential and commercial mortgage-backed securities and was not active in the whole-loan pricing space.
"There is significant demand for valuing "performing' collateral that is either held on a bank's balance sheet – and needs fair-market valuation – or verifying asset values that will be sold/acquired in the secondary market," says Karl Weiss, president of Clayton IPS. "The Compass tool permits us to create prepay and default projections in a manner that nearly matches what we do when valuing securities. It rounds out our product offering."
SOURCE: Clayton Holdings LLC