FIS Unveils Prepayment Models, Portfolio Management Offering

Mortgage Banking, December 2007 | Go to article overview
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FIS Unveils Prepayment Models, Portfolio Management Offering


Jacksonville, Florida-based Fidelity National Information Services Inc. (FIS) and Larkspur, California-based Compass Analytics LLC announced the successful integration of FIS' Applied Analytics prepayment model into Compass Analytics' mortgage analytics solution, CompassPoint.[TM]

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 Michael Bykhovsky, president of the Applied Analytics Division of FIS, formerly Applied Financial Technology.

"Our broker, banking and investor customers utilize FIS' quantitative analytics to price, fund, trade and hedge mortgages and mortgage-backed securities," said Bykhovsky. "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, explained Rob Kessel, managing partner of Compass Analytics.

"The importance of the prepayment risk models that Compass Analytics will provide to Compass and FIS customers cannot be overemphasized," said Kessel.

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FIS Unveils Prepayment Models, Portfolio Management Offering
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