Clear Capital updated its systems to accept the American Securitization Forum Loan Identification Number Code (ASF LINC) — a new standardized universal code that creates greater data transparency at the collateral level.
ASF LINC, jointly developed by ASF and Standard & Poor's Fixed Income Risk Management Services (FIRMS), is designed to identify crucial information about individual loans that are securitized in the mortgage- and asset-backed securities markets.
The sixteen-digit ASF LINC captures the loan type, origination date and country of origin and randomized alphanumeric data, to create a unique ID for a wide range of loans that may be pooled and sold into the capital markets.
"We are eager to work with the industry to help facilitate a new generation of more transparent reference data for origination and securitization models," said Kevin Marshall, Clear Capital president. "We strive every day to offer deeper levels of transparency at the loan level while providing intelligent valuation solutions for residential mortgage backed securities."
Clear Capital is a data and solutions leader for real estate asset valuation, investment and risk assessment.