Magazine article Mortgage Banking

CoreLogic Forms Agreement with Intex Solutions and Vichara Technologies

Magazine article Mortgage Banking

CoreLogic Forms Agreement with Intex Solutions and Vichara Technologies

Article excerpt

Santa Ana, California-based CoreLogic Inc., a provider of consumer, financial and property information and business services, has formed an agreement with Needham, Massachusetts-based Intex Solutions Inc., a global provider of structured finance deal models and cash-flow analytical solutions, and New York-based Vichara Technologies Inc., a capital markets technology and consulting firm. The partnership will provide flexibility in leveraging the CoreLogic LoanPerformance loan-level non-agency residential mortgage-backed securities (RMBS) database for use with Intex's RMBS deal models to enhance the accuracy of cash-flow projections and price/yield analytics, according to CoreLogic.

Joint subscribers to the LoanPerformance RMBS dataset and Intex's non-agency deal libraries will be able to seamlessly match each individual loan in the LoanPerformance dataset to the correct deal name, group name, Intex ground group name and Intex loan identifier in the Intex dataset. Investors will be able to use this enhancement to leverage the loan-level data within the Intex Subroutines and Intex Wrapper application programming interface (API), producing significantly higher accuracy for trading decision support.

The LoanPerformance securities dataset includes loan- and pool-level detail representing more than 96 percent of active non-agency RMBS with history on more than 23 million loans in active and liquidated deals dating to 1992. The matching of loan-level data elements between the CoreLogic and Intex datasets utilizes Vichara's proprietary mapping algorithms. …

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