CoreLogic Introduces Vector Securities
Email Dan Smith
April 26, 2011, Santa Ana, Calif. –
—Next Generation Loan-Level Analytical Platform Provides Greater Transparency Into Non-Agency Mortgage Backed Securities––
CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, today announced the release of Vector™ Securities, an innovative platform to enable transparent and dynamic loan-level analysis of non-agency residential mortgage backed securities (RMBS).
Vector Securities facilitates ongoing monitoring of overall collateral performance by leveraging origination characteristics, monthly performance data, modification data, and integrates CoreLogic HPI to help forecast zip-code level price trends. Vector Securities also provides loan-level access to TrueLTV, a dynamic loan-to-value (LTV) monitoring solution which exposes hidden liens, a likely indicator of future default risk.
“Vector Securities delivers an unprecedented level of transparency at both deal and loan -level and is key to enabling new era of confident securitizations,” said Ben Graboske, senior vice president, Product and Technology, Data and Analytics Group, for CoreLogic. “Access to this level of data and the ability to see trends as they develop will be an important tool for the RMBS market as it reestablishes itself and liquidity returns.”
Covering more than 97 percent of the non-agency MBS market, Vector Securities provides daily updates to its integrated dataset consisting more than 400 attributes and 480 separate metrics. This innovative platform enables users to conduct time-series analysis, benchmark with synthetic portfolios or model dynamic metrics to trend performance.
- Loan level access to non-agency Securities data
- Rich and intuitive toolset for pivot-table and graphs
- Identify concentration risk using customizable stratification reports
- Roll rates, prepayment and default indicators
- Quick glance at portfolio performance using batched reports and dashboards
- Benchmarking to industry indexes or synthetic portfolio(s)
- Online access without any installation or modification to existing network environment
For more information about Vector Securities, please go to www.corelogic.com/Products/Vector-Securities.
CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
CoreLogic is a registered trademark of CoreLogic.