AFT Teams With McDash on Prepay Tool

Applied Financial Technology, San Francisco, has entered into an agreement with McDash Analytics, Denver, that will provide McDash clients with AFT's short-term prepayment projections as well as housing turnover and refinancing scores.The strategic partnership combines scoring technology from AFT with McDash's database of nearly 20 million mortgages, about one half of the residential home loan market in the United States. Graham Williams, chief operating officer at AFT, told MortgageWire that the loan database will increase the "granularity" of AFT's scores and give McDash clients access to basic AFT prepayment scores and short-term prepayment projections. McDash provides prepayment and default management benchmarking services to the mortgage industry.