Three data firms partner to enhance RMBS projections
Three analytics providers CoreLogic, Intex Solutions and Vichara Technologies agreed to link loan-level databases with residential mortgage-backed securities deal flow. With the agreement, users of the CoreLogic LoanPerformance non-agency database of loan information can match each individual loan to the correct deal name, group name, and various identifiers designed by Intex. The companies expect the integration to produce higher accuracy for trading decisions. Vichara initially developed the technology map between the two data sets for its clients, who wanted to create models using both. Peter Greenberg, managing director of Vichara said the company would continue to create links between the data sets for users. According to CoreLogic, LoanPerfromance dataset includes loan and pool-level detail on more than 96% of active non-agency RMBS. "With this solution, the market can now take full advantage of the very best in data and analytics to make better investment decisions. We intend to continue partnering with Intex and Vichara to bring unique solutions and greater transparency to a market in a time of need," said George Livermore, group executive for data and analytics at CoreLogic. The financials of the deal are not yet available. Write to Jon Prior.