Byline: John Adams
The residential mortgage backed securities market has been a bit like a beached whale over the past couple of years in part due to past risk management and performance reporting considered by investors to be incomplete and out of date, a gap that new risk tech solutions are hoping to bridge.
"If loan level data can be provided, and assuming that the data gets scrubbed, it's better for the overall mortgage industry," says John Jay, a senior analyst at Aite Group.
In an attempt to help servicers and other financial institutions sell existing RMBS and create more investor confidence in future originations and securitization across all mortgage types, risk management tech platforms and services have emerged from firms such as Standard and Poor's Valuation and Risk …
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