Data provider CoreLogic announced today that it has incorporated anomynized servicer stop advance data into its private-label RMBS dataset.

By providing the data at a loan-level rather than in aggregate, investors can now make more precise projections of future cash flows and default risks by giving them insight into the loans’ characteristics that have halted cash flow for the loan’s principal and interest separately or together.

A spokesperson for the firm explained that the information is divided into tranches and split up depending on what tranche the investor holds.

The servicer stop advance data is only one of many early warning signs and one of other notices that an investor can get through a trustee, which decides what type of information on the deal is released to third-party providers.

With this addition, CoreLogic provides an investor’s or servicer’s modelers with a more efficient way to assess the risks of current holdings and to infer distinct levels of loss-mitigation activity, a press release from the firm said.

The stop advance data provided dates back to January 2009, allowing investors and servicers to perform modeling, historical trending and time series analysis and compare these against the non-agency RMBS dataset.

“The private-label market has been looking for this level of insight for some time. The challenge has always been about finding adequate information at the loan level. With these latest enhancements we provide another level of granularity and transparency to assist our clients with their decision-making,” said Ben Graboske, CoreLogic’s senior vice president of Real Estate and Financial Services, Data and Analytics Segment.

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