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CT2 has over 30 of years experience in the area of Secondary Marketing. Specifically,
we have been involved in numerous securitizations, structured finance, bulk and
flow delivery channels. Over the years we have seen the need to create a better
way to manage the process of selling loans into the secondary market. For most lenders,
this involves downloading data from their loan origination system into a spreadsheet
application. Once the loan data has been populated in the spreadsheet, an analyst
will begin the tedious process of creating and bifurcating loan pools in order maximize
execution. Consequently, lenders want and need to track information such as:
- Inventory Management
- Investor Declines and Exclusions
- Investor Bid and Execution History
- Competitive Bid Variations
- Bid Comparison and Summary
- Pool Analytics & “What If” Scenarios
The process of tracking this type of information can be painstakingly difficult
in a spreadsheet format. The sheer number of worksheet variations of the same pool
of loans is a management nightmare. This is where MorValu comes in…
Investor Declines and Exclusions
MorValu allows you to track loans excluded or declined by an investor. Through the
process of bidding and selling loans to investors, loans may be excluded or declined
for a variety of reasons. MorValu enables you to record and report reasons on a
loan level basis. MorValu also provides a summary of these declines and exclusions
during the Bid Comparison process. This is important in evaluating each investor
bid in determining the best solution for the company. MorValu automatically eliminates
previously declined or excluded loans from new pools created for each investor.
Competitive Bid Variations
Similar to “What If” scenarios, MorValu has the ability to capture various bids
for the same pool and investor. For example, an investor may provide a bid price
for the entire pool and may also offer a different bid price if they were to remove
certain loans. MorValu allows you to record each of these scenarios and save them
so that they can be evaluated during the Bid Comparison.
Bid Comparison and Summary
The Bid Comparison Tool allows you to directly compare the various bids received
from each investor. The tool indicates which bid scenario provides maximum dollar
revenue and dollar price. It also includes the impact of the declination and excluded
loans for each bid so that the best execution can be determined. MorValu also displays
EPD and Premium recapture provisions for each Investor on the Bid Comparison.
“What If” Scenarios
Another unique feature of MorValu is its ability to create “What If” scenarios during
the process of creating a loan pool. Users have the ability to temporarily remove
loans to determine the impact on the entire pool. This feature is especially useful
when trying to manage a pool of loans to certain pool or investor specific characteristics.
Reporting
MorValu includes a variety of standard reports from loan sale activity to investor
execution, and many more. Our team of support personnel is also capable of creating
virtually any custom report necessary for managing your business.
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