Investment firms are also increasingly unwilling to trust the work of others. This is coupled with the need for more granular information down to the borrower level. These have driven market participants to build their own models using more detailed data from various sources and are closely tied to increased transparency in transactions.

"Investors want to analyze the data themselves, and we provide a platform that allows them to do that," said Greg Munves, vice president at 1010data. "When dealing with large data sets like loan and borrower-level data, you need a platform that allows easy access and flexible analysis of all available information. This capability is crucial to the construction of more accurate, proprietary models. Of course third-party models are still important as benchmarks, and they also need to be based on this level of detailed information."

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