Lewtan has partnered with Thetica Systems to offer a pre-integrated bond valuation platform to MBS and ABS investors.
Thetica Systems' ABS Analytics Trader Tools comprises a suite of software that has Lewtan's ABSNet®, ABSNet Loan and ABSNet Loan HomeVal® products with credit model assumptions for automating bond valuation platforms using a front-end solution that can be customized.
Lewtan's ABSNet Loan product suite allows users to analyze non-agency MBS at the loan, pool and deal level as well as the current bond data related to those securities.
Lewtan's ABSNet Loan HomeVal product offers transparency into negative equity amounts and current LTVs at the loan level. This enables the user to make insightful assumptions on whether individual borrowers are likely to default on their loan. ABSNet Loan HomeVal uses both automated valuation models and over 150,000 home price indices at the neighborhood level to arrive at the best estimation of each home's value.
"We are extremely excited to be integrated with one of the industry's leading technology providers," said Ned Myers, senior vice president and general manager at Lewtan. "The Lewtan/Thetica combined offering provides a fully-integrated and scalable solution that enables powerful bond analysis using the most accurate current combined LTVs available today."
The platform developed by Thetica Systems, integrating Lewtan's ABSNet and ABSNet Loan products, offers analytics that can run thousands of bond scenarios simultaneously, including different pricing, economic and regional metrics. The tool allows for the most precise RMBS forecasting and valuation by integrating Lewtan's data with credit and default predictions of the user's choice.
"The partnership with Lewtan makes an exciting addition to Thetica's suite of vendor products," adds Jack Broad, president at Thetica. "Not only for Lewtan's loan-level data, but for its thorough capability to generate ongoing updated property valuations, giving a much closer look at realistic current LTVs in relation to securitized RMBS deals. In today's real estate market, correctly assessing property values is key to understanding the risks involved for investors."