|By PR Newswire||
|March 18, 2014 12:30 PM EDT||
FT. LAUDERDALE, Fla., March 18, 2014 /PRNewswire/ -- Level1Analytics ™ delivers "great advances to the mortgage industry." So says Mortgage Banking Magazine in awarding Level1Analytics a 2014 Tech All Star Award http://www.mortgagebankingmagazine.com/files/ArticleSnippets/2008/MB-Feature1.pdf for its L1-MSR, the first cloud-based Mortgage Servicing Rights Valuation software. L1-MSR provides an economic, transparent way to value and stress-test mortgage loan and mortgage servicing portfolios without the need for specialized staff, costly hardware, and difficult-to-learn-and maintain software. The company's do-it-yourself valuation tool gives owners, managers and regulators of mortgage servicing portfolios a better understanding of these complex assets.
"Working with our technology partner, Intraprise Solutions, we created an easy-to-use tool for banks, mortgage banks, credit unions and others to provide them with accurate mortgage valuation data," said Dr. Thomas J. Healy, Ph.D., president of Level1Analytics. "The recent mortgage crisis highlighted how difficult it is to value mortgage assets. We help financial institutions better understand the assets they are evaluating."
"There is a tremendous amount of data out there, but small to mid-sized banks traditionally have a harder time harvesting that information," said Intraprise Solutions' CEO, Ralph Arcaro. "Working closely with Level1Analytics, we have leveraged cloud-based computing technology to provide users access to sophisticated analytics, previously only available to much larger institutions."
Completely scalable, LI-MSR is used by institutions with servicing portfolios ranging from 120 loans to over 1 million loans. The software is updated monthly to reflect the latest prepay speeds and assumptions. Users can rely on these market-tested variables or use their own. By simply uploading loan level portfolio characteristics into Level1Analytics' secure platform, what used to take days or a team of analysts to accomplish is completed in a matter of minutes.
L1-MSR is licensed to individual institutions on a monthly basis and provides the power to make informed MSR management and investment decisions using the most complete stratification, valuation and accounting software available.
Level1Analytics provides financial modeling software to the mortgage lending industry. The company develops cloud-based software technology that allows financial institutions to value their mortgage portfolios and mortgage based assets in an easy, accurate, defensible, economical and transparent way. www.level1analytics.com.
About Intraprise Solutions
Intraprise Solutions designs and implements information technology applications for leading companies in the financial services, insurance and technology markets. With sophisticated analytics, leveraging cloud and grid platforms, and "big data" processing principles, Intraprise Solutions delivers on the promise of real, powerful data. www.intraprise.com.
Contact: Siobhan Carroll
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