San Francisco-based Compass Analytics LLC, a provider of mortgage valuation analytics and risk management services, has introduced its new Web-enabled suite of capital markets pricing and locking technologies, including CompassPoint Market Imports, LenderHub V2.0, Bulk Pricing Automation and new Compass Web Service features.
According to Compass, this is the first complete, Web-enabled suite of capital markets pricing and locking technologies available in the industry today.
With this addition, the company is now able to offer a single pricing engine capable of supporting all necessary loan-level and bulk-pricing capabilities for capital markets.
Compass' pricing and locking capabilities now include the following: point-of-sale user interfaces; investor eligibility; rate sheets; automated locking; real-time risk management; accounting; delivery best execution; bulk bidding automation; and cashflow valuations, such as mortgage servicing rights (MSR) valuation, portfolio loans, non-qualified mortgage and structured cashflows.
The new technology allows any front-end loan origination system, data mart or Excel spreadsheet to evaluate eligibility, price loans, price MSR and apply margins across the Internet in a real-time manner, while capital markets controls all market updates, margins and model assumptions.
‘Lenders [that] wish to outperform and compete in an increasingly competitive market have to be armed with timely and accurate analytics, retain and release strategies, and operational scale,’ says Rob Kessel, managing partner at Compass. ‘Technology has finally caught up with capital markets to a point where we no longer need to run our business models with averages; approximations; and low-value, manual, repetitive daily tasks,’ says Kessel.