Chicago-based TransUnion has partnered with Digilant Analytics to provide INTEXcalc subscribers with the new Mortgage Risk Metrics non-agency solution, combining the power of borrower-level credit data, loan-level mortgage data and predictive analytics.
‘Using loan-level and borrower-level data to evaluate non-agency residential mortgage-backed securities (RMBS) is resource intensive, and its complexity traditionally put it beyond the reach of most market participants,’ says Richard Francisco, vice president of mortgage in TransUnion's financial services business unit.
The Mortgage Risk Metrics solution integrates TransUnion's anonymized consumer credit data with loan-level mortgage data and Digilant's predictive analytics directly into INTEXcalc, to provide a familiar and intuitive analytics framework for non-agency RMBS traders, analysts and portfolio managers.
‘There are advantages of having the loan-level and borrower-level analysis done for you,’ says Phillip Daskevich, president and chief analyst of Digilant Analytics. ‘Our model outputs are directly integrated with INTEXcalc as loan-level forecasts and are updated every month, including prepay rate, default rate, delinquency rate, severity rate and modification rate.
‘For RMBS market participants, this is truly a product that puts the power of loan-level consumer credit data, mortgage data and predictive models at your fingertips; subscribers simply load a bond and select a TransUnion forecast model,’ says Daskevich.
Mortgage Risk Metrics is available to INTEXcalc subscribers through a separate subscription with TransUnion.