Compass & Radar Logic Complete Integration, Plan Another

Compass Analytics LLC, San Rafael, Calif., and Radar Logic Inc., New York, have integrated the latter's property index into the former's mortgage analytics and will expand on the business relationship going forward. The existing integration allows investors, portfolio managers, servicers and whole loan traders to "update property values as part of data load processes and leverage better loan-level property value, loan-to-value ratio and equity data for more accurate valuations," the companies said. Compass also will integrate the Radar Logic's residential price index derivatives into its CompassPoint mortgage analytics in the future. The derivatives integration would "enable analysts to mark-to-market RPX derivatives and model and employ the derivatives to hedge property value and credit risk in loan portfolios," according to the companies.