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Easy, intuitive importing of external databasesEasy, intuitive importing of external databases Stratification.

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Presentation on theme: "Easy, intuitive importing of external databasesEasy, intuitive importing of external databases Stratification."— Presentation transcript:

1 Easy, intuitive importing of external databasesEasy, intuitive importing of external databases Stratification capability down to the loan levelStratification capability down to the loan level Open, infinitely flexible, table driven static & vectored valuation assumptionsOpen, infinitely flexible, table driven static & vectored valuation assumptions Enterprise-wide, yet secure, reporting and analysis capabilityEnterprise-wide, yet secure, reporting and analysis capability Complete FAS 140 reportingComplete FAS 140 reporting Exhaustive data integrity checking capabilityExhaustive data integrity checking capability Financial Management Software for Mortgage Assets Financial Management Software for Mortgage Assets A complete, integrated, Servicing Financial Management System currently used by servicers with as few as 500 loans to over 5,000,000. Servicing Financial Management System Two versions available: web-enabled (v7.1) and desktop (v5.9)

2 The 5.9 Transformer converts EBCDIC, ASCII or binary data to a Level 1 compatible database. See raw data as it appears on the tape Map only fields required for the analysis Handles compressed data also

3 1) To map a field click on the Source field that matches the Asset Onsite Target field 2) Click on “Add” and the fields are Mapped The 7.1 Transformer converts EBCDIC, ASCII or binary data to a Level 1 compatible database through a point & click GUI.

4 Data can be manipulated and convert source data through simple VB Script wizards Source fields are mapped to common Asset OnSite fields

5 Filter out data such as Auto Loans Develop and save often used scripts such as “Avg of 3 credit scores”

6 Level 1 MSRs 7.1 System is available through the Internet Explorer icon on your desktop. This SQL based system can reside either on your server or ours. Additionally, it will soon be available on an “ASP” basis, where all of the work of data conversion and table maintenance is done by the Servicing Source, but the valuation itself is performed by you. Financial Management Software for Mortgage Assets Financial Management Software for Mortgage Assets Level 1 MSRs 5.9 resides on your desktop and can access data that is either local on a server to be shared. This system produces and uses tables formatted as DBFs Both systems allow for ease in “digging in” to the underlying data and assumptions.

7 Busch - Overview Level 1 MSRs provides independent modules to help manage loan and servicing portfolios: Stratifier – parses portfolio into user defined homogenous subsets down to the LOAN LEVEL Translator – manages and creates almost limitless assumptions tables to reflect the idiosyncrasies of a portfolio - applies them to the stratified portfolio Evaluator – calculates the portfolios cash flows and valuation metrics Bridge – creates permanent FAS 140/156 sub- ledger entries

8 Busch - Overview Level 1 MSRs provides independent modules to help manage loan and servicing portfolios: Stratifier – parses portfolio into user defined homogenous subsets down to the LOAN LEVEL Translator – manages and creates almost limitless assumptions tables to reflect the idiosyncrasies of a portfolio - applies them to the stratified portfolio Evaluator – calculates the portfolios cash flows and valuation metrics Bridge – creates permanent FAS 140/156 sub- ledger entries

9 Stratify at the loan or super-loan level for valuation and analytical purposes Bring MSR basis in at the mini-portfolio level (e.g. acquisition) Perform FAS 140 Impairment Testing at Impairment Tranche Level Insure the proper accounting treatment of each Tranche The Stratifier is a powerful tool that allows tremendous flexibility in defining how your portfolio is to be aggregated for a variety of disparate purposes. This assures consistency “in MSA valuation assumptions used in valuation, bidding, pricing, and hedging activities as well as, where relevant, in mortgage-related activities in other aspects of an institution’s business” as required by the FDIC.

10 Value at the loan level Perform GAAP and Tax analyses; break out excess servicing using mini keys Handle a wide variety of exception reporting … and much more Each stratification run can be saved for future use! Additionally, if desired: Update tables: investor remittance, state, etc.

11 Busch - Overview Level 1 MSRs provides independent modules to help manage loan and servicing portfolios: Stratifier – parses portfolio into user defined homogenous subsets down to the LOAN LEVEL Translator – manages and creates almost limitless assumptions tables to reflect the idiosyncrasies of a portfolio - applies them to the stratified portfolio Evaluator – calculates the portfolios cash flows and valuation metrics Bridge – creates permanent FAS 140/156 sub- ledger entries

12 Any combination of Assumption Variables can be applied to any combination of Loan Attributes to tailor the valuation to the idiosyncrasies of your portfolio Level 1 MSR automatically calculates all combinations of the Loan Attributes chosen to afford the ultimate flexibility in assigning Assumption Variables Additionally …. In the Translator: 5.9 assumptions are driven by Aggregation Code 7.1 assumptions are driven by loan attributes

13 The 7.1 Translator maintains a complete history of translation runs and affords the user the option to lock runs for future reference when they are complete

14 Busch - Overview Level 1 MSRs provides independent modules to help manage loan and servicing portfolios: Stratifier – parses portfolio into user defined homogenous subsets down to the LOAN LEVEL Translator – manages and creates almost limitless assumptions tables to reflect the idiosyncrasies of a portfolio - applies them to the stratified portfolio Evaluator – calculates the portfolios cash flows and valuation metrics Bridge – creates permanent FAS 140/156 sub- ledger entries

15 The Evaluator takes the “translated” data and calculates cash flows and values. A wide variety of valuation reports are generated for review. Each run can be saved for future reference ….

16 Parameters and values on individual tranches can be reviewed for reasonableness and accuracy. Modification to tranche level assumptions can then be made Evaluator Screen 5.9 Evaluator Screen

17 All valuation assumptions can be reviewed on an individual tranche level, changed and rerun. … additionally … many assumptions can be vectored over time through the use of tables … many assumptions can be vectored over time through the use of tables … or Calculated based on functions such as P&I times 5%

18 Busch - Overview Level 1 MSRs provides independent modules to help manage loan and servicing portfolios: Stratifier – parses portfolio into user defined homogenous subsets down to the LOAN LEVEL Translator – manages and creates almost limitless assumptions tables to reflect the idiosyncrasies of a portfolio - applies them to the stratified portfolio Evaluator – calculates the portfolios cash flows and valuation metrics Bridge – creates permanent FAS 140/156 sub- ledger entries

19 Tremendous flexibility in the Bridge setup to insure the model follows the clients approved accounting methodologies. The Bridge utilizes sequential processing to minimize chance of accounting errors; no step can be performed until the prior one is complete and correct PRIOR PERIODS can be adjusted for unusual occurrences. However, all adjustments are noted in the Bridge reports

20 Import book basis on an impairment tranche level Re-evaluate portfolio value based on updated bases Update current month’s portfolio for both updated book and market values Set accounting masks based on MSR type and origination date New period

21 Produce impairment trial balances and amortization schedules in a wide variety of formats and amortization schedules in a wide variety of formats Import book basis on an impairment tranche level Re-evaluate portfolio value based on updated bases Update current month’s portfolio for both updated book and market values Set accounting masks based on MSR type and origination date

22 Canned and custom reports detail new loans added, sold, written-off, and all the other categories needed for monthly reconciliation Produce impairment trial balances and amortization schedules in a wide variety of formats and amortization schedules in a wide variety of formats Import book basis on an impairment tranche level Re-evaluate portfolio value based on updated bases Update current month’s portfolio for both updated book and market values Set accounting masks based on MSR type and origination date

23 Upon completion of the reconciliation, lock sub- ledgers for the period. Canned and custom reports detail new loans added, sold, written-off, and all the other categories needed for monthly reconciliation Produce impairment trial balances and amortization schedules in a wide variety of formats and amortization schedules in a wide variety of formats Import book basis on an impairment tranche level Re-evaluate portfolio value based on updated bases Update current month’s portfolio for both updated book and market values Set accounting masks based on MSR type and origination date

24 Large array of pre-formatted reports User defined ranges of many variables User friendly multitude of standard reports Because underlying database is in a DBF format, customized reporting is easy and accurate Reporting in 5.9

25 Asset OnSite provides 7.1 Level 1 users unparalleled and totally secure, enterprise- wide reporting and analysis. Review summary statistics on any portfolio maintained in Asset OnSite Review canned reports, such as Interest Rate stratification, at the touch of a blue button Reporting in 7.1

26 Change column headings to any field on the valuation tape including values and assumptions: weighted average, average or sum Build custom reports that reflect single, double, or more sorts. All reports can be viewed online, exported, or printed in PDF Create and save filters to show only the pieces of the portfolio you are interested in. Convert them to pools for distribution to others. Drill down to loan level on any stratification. Explore the underlying data fields to explore any perceived anomalies. Because underlying database is in SQL format, customized reporting is easy and accurate

27 Easy, intuitive importing of external databasesEasy, intuitive importing of external databases Stratification capability down to the loan levelStratification capability down to the loan level Open, infinitely flexible, table driven static & vectored valuation assumptionsOpen, infinitely flexible, table driven static & vectored valuation assumptions Enterprise-wide, yet secure, reporting and analysis capabilityEnterprise-wide, yet secure, reporting and analysis capability Complete FAS 140 reportingComplete FAS 140 reporting Exhaustive data integrity checking capabilityExhaustive data integrity checking capability Financial Management Software for Mortgage Assets Financial Management Software for Mortgage Assets A complete, integrated, Servicing Financial Management System currently used by servicers with as few as 500 loans to over 5,000,000. Servicing Financial Management System Two versions available: web-enabled (v7.1) and desktop (v5.9) Please click here to return to Level1Loans.com


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