CompassPoint 2.0.8 is headlined by new pool optimization algorithms which operate post best execution to optimize pool delivery decisions considering market payups and spreads, pool minimums and concentrations, and substitution possibilities to maximize total pooling economics.
Other enhancements made by this product to the mortgage analytics suite include additional workflow and hedge selection processes, all based on live pricing and within Compass’s commercial grade analytics.
The San Francisco,-based company provides valuation and interest rate risk management solutions to mortgage originators, bankers, servicers, investors and secondary marketing departments.
The company’s enhancements also provide improved cash flow and balance sheet forecasting for originators to better evaluate their cash position, leverage ratios and profitability against different rate and servicing retention scenarios.
This product is accessible via desktop, laptop or mobile devices. CompassPoint 2.0.8 helps client’s correct best execution, including accurate MSR valuation, leads to accurate P&L, expected profit margin, hedge instrument, pullthrough, hedge cost and accounting entries, Compass Analytics said.
“Compass remains committed and focused on the principal that best execution is the single most important capability of a capital markets group,” said Rob Kessel, managing partner of Compass Analytics. “Evaluating and executing on all possible best execution options takes the right analytics with the necessary speed. Our 2.0.8 release is another major step forward on both fronts.”