RISMEDIA, Oct. 17, 2007-Fidelity National Information Services, Inc. (FIS) and Compass Analytics, LLC announced the integration of FIS’ Applied Analytics prepayment model into Compass Analytics’ mortgage analytics solution, CompassPointTM.
In addition to intelligent and predictive risk analytics and data for the mortgage industry, FIS’ broker, banking and investment customers will now have access to CompassPoint’s prepayment models for determining option-adjusted durations, as well as support of mortgage cash flow valuation and analysis.
According to the company, billions of dollars of mortgages and mortgage-backed securities are priced and traded by Wall Street’s residential-mortgage loan customers using FIS’ prepayment, default and valuation analytics tools.
“Our broker, banking and investor customers utilize FIS’ quantitative analytics to price, fund, trade and hedge mortgages and mortgage-backed securities,” said Michael Bykhovsky, president of the Applied Analytics division of FIS (formerly Applied Financial Technology). “This integration with CompassPoint will enhance our ability to provide loan scoring for relative default and prepayment propensities at the point of origination and supply interest-rate risk management solutions and valuation for the mortgage capital markets.”
CompassPoint provides FIS with an additional valuable pipeline to the mortgage capital markets, while leveraging FIS’ industry-leading analytics to proactively manage prepayment and default risk for a variety of loan portfolio scenarios.
“The importance of the prepayment risk models that Compass Analytics will provide to Compass and FIS customers cannot be overemphasized,” said Rob Kessel, managing partner of Compass Analytics. “In today’s environment, lenders, loan servicers, traders and investors alike must incorporate meaningful analytics into the pricing and ongoing evaluation of loan performance.”
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