First American CoreLogic, a member of The First American Corp. family of companies, enhanced its TrueStandings Securities. This is the firm's Web-based business intelligence platform that offers loan-level access to the industry-leading LoanPerformance securities database. LoanPerformance represents 96% of active non-agency securitized mortgages dating back to 1993.
The enhancements in the latest release of TrueStandings Securities include:
Optional current loan-to-value property record information integration: TrueStandings Securities currently has the option to display updated LTV measurements viraFirst American CoreLogic’s TrueLTV solution at both the loan and aggregate level for matched non-agency MBS securities. TrueStandings Securities also offers the property record count of outstanding mortgage-specific liens and associated recorded mortgage amounts assigned to the matched securities data.
Data Import Service (DIS) for RiskModel: The bulk data export feature within TrueStandings Securities now features a new Data Import Service (DIS) that integrates with the LoanPerformance RiskModel, which is the only commercially available model that also considers credit, interest rate and home-price risk to project cashflows, default and loss-given default by loan type. When installed, the DIS option offers the ability to download RiskModel-ready bulk export files and then run them through the RiskModel. The projection output files are then positioned on the end user’s local computer environment for retrieval and analysis. When the available subscription-scheduling feature is engaged, the bulk export files are generated automatically enabling true front-to-end automation of bulk export to the RiskModel for projections.
Loan Modification Data: TrueStandings Securities now includes available data on loan-level loan modifications. This data is added monthly as modification data is made available.
“The market and our clients require faster, easier and more transparent ways to analyze underlying securities, risk and performance,” said George Livermore, chief executive officer for First American CoreLogic. “This integration provides a new level of transparency to the marketplace for assessing the underlying securities risk by leveraging our matched loan and property-level information.”
With TrueStandings Securities’ 16-year perspective on the non-agency securities market, market player can access and track its repository of MBS data with any Web browser. By leveraging this data, users can identify risks based on high concentrations of undesirable collateral that are underlying security holdings, analyze and evaluate portfolios quickly and create synthetic securities for more accurate benchmarking.
With the user interface, users could mine and analyze data visually with pivot tables and graphs, communicate between databases via a standardized, user-friendly interface and conduct complex analyses and generate monthly reports easily with the help of wizards.