Fin*Pricer
New York, NY – May 10th, 2010 - FinCap Financial Services, a joint effort of Computech Corporation, a global consulting firm with more than 700 employees and presence in the United States, Canada and India and CapitalFusion Partners a financial services consultancy in the structured finance and alternative fixed income assets, today announced a strategic joint partnership with MBSData, LLC.. Under the partnership MBSData data will be available under the FinCap Financial Services platform Fin*Fusion. The Fin*Fusion family of products (Fin*Pricer, Fin*MBSData, Fin*Loan, and Fin*Project)
FinCap’s Fin*FusionTM system has been designed to further enhance our client’s investments in surveillance, and investor reporting processes, sharpening the ability of our client’s ABS managers to focus on underlying credit analysis. The system has been deployed by hedge funds to manage Structured Finance Assets.
The Fin*FusionTM system is comprised of the following key features:
·Portfolio managers can view their positions for each position – as well as across portfolios –
·The system includes configurable views and a robust search capability. For example, a portfolio manager can quickly examine all exposures to a particular servicer, displaying for each such security the current loss and delinquency rates on the underlying pool
·In addition to managing positions, the system allows portfolio managers to view data on securities across the entire market, over 150,000 securities. For example, portfolio managers can pull up all single-A rated RMBS or Home Equity securities with average FICO scores above 650 and a ratio of current credit enhancement to 60+ delinquencies greater than 2.0. The system searches the entire universe of securities and comes back with the results in a fraction of a second.
Fin*MBSData provides accurate and timely deal level and loan level information on public non-agency mortgage-backed securities.
· All monthly loan performance data is processed and client ready by the 1st day of each month.
· Loan performance data is stratified at the collateral type, shelf, deal and loan levels
· The MBSData datasets include:
· Origination files for all loans which include details such as FICO, payment type, ARM change dates, occupancy, property type, lender names, servicer names and LTV.
· Historic deal and loan level performance on 98% of active non-agency MBS deals.
· Updated property values and current LTV’s on all loans.
· Detailed views at loan level modifications details including vital cure rates.
· Complete loan level loss history
· Monthly and lifetime key indicators: CPR, CDR, VPR, severity, cumulative loss & more.
John Joshi, Partner & Senior Strategy Executive, FinCap Financial Services said, “Our significant investment of talent and financial resources in this leading-edge technology is part of our ongoing commitment to provide our clients with superior financial tools and services. With our joint venture with MBSData we can even more effectively serve our clients by fully focusing on what they do best: Analyzing the creditworthiness of each investment. More broadly speaking, our investment in FinFusionTM also reflects our commitment to grow and develop our technology platform in lockstep with the expansion
of FinCap Financial Services business.”
Tom Delorenzo, Managing Partner of MBSData, said, "We are delighted to partner up with FinCap Financial Services and launch the Fin*MBSDataTM suite of analytics and services. Our respective teams of technologists and fixed-income specialists that created Fin*MBSDataTM combine state of the art technology expertise and industry best MBS loan performance datasets with extensive trading, risk, mortgage origination and portfolio management experience under one roof in order to design the most powerful,
flexible product for efficient analysis of structured finance assets.”
FinCap Financial Services is a joint venture between Computech Corporation's FinEngines Division and CapitalFusion Partner a comprehensive solution provider for the structured finance sector. We provide services to some of the largest financial firms and hedge funds in the structured finance area. With both technology products and business advisory services that aid traders, portfolio managers, and risk management professionals with trade analytics, pricing, risk analysis, and hedging, FinCap Financial
Services provides a single resource for both business and technology needs. Our grid platform allows your traders to run scenario analysis for large bid lists and portfolio stress testing by taking advantage of a distributed platform and frees the traders and analysts to focus on analyzing the credits and not waste time on running the securities. We offer services across the structured finance area and business development sectors and would welcome the opportunity to discuss how we can help you leverage your resources more
efficiently. Listed below are some of the service areas where we can help your organization:
Grid Computing Platform
Structured Finance
Modeling & Valuation
Market Risk
Governance Structure Review
Counter Party Risk Assessment
Distressed Asset review
Pricing Policy
Bespoke Modeling
Mortgage Servicing Review
Surveillance Technology, Analysis, Reporting and Outsourcing
Operational Review
Research and Consulting
Business Research
Market Analysis
Regulatory review and Guidance developments (Non-Legal, Non-accounting)
Research & Analytics
Competition Benchmarking
Business Intelligence
We have more information available on our website at www.finengines.com. We would be happy to schedule a meeting or a call to discuss our firm and services. Please free to call us to discuss our platform and how we can help your business grow.
About FinCap Financial Services (Computech Corporation and CapitalFusion Partners)
Computech Corporation a consulting firm with more than 700 employees and presence in three countries (United States, Canada and India) has been in business since 1996. Computech is a SEI CMMI level 3 appraised company, with vertical centric business model and focus on certain niche technologies driving their business.
CapitalFusion is a financial services consultancy focused on providing innovative, practical, and executable business strategies that capitalize on evolving market trends and dynamics. With more than 70 years of combined experience among the principals, Capital Fusion primarily work with financial services firms and financial technology enterprises, throughout the Americas, Europe, and Asia.
About MBSData
MBSData is a technology provider focused on bringing accurate and trusted non-agency mortgage backed securities data and analytics to investors searching for transparency in their mortgage investments. With over 50 years of combined experience among the principals MBSData has created a database consisting of over 98% of the non-agency securities market.
Business Inquiries
Mark Fontanilla 201-213-7168 / mark.fontanilla@
John Joshi 818-294-3381 / john.joshi@finengines.com
Girish Nair 248-640-7597 / girish.nair@
Thomas DeLorenzo 551-486-5890 / TDeLorenzo@MBSData.com
FinCap Financial Services
Media Inquiries
John Joshi 818-294-3381 / john.joshi@finengines.com
Mark Fontanilla 201-213-7168 / mark.fontanilla@
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