Former Wall Street Execs Form Loan Value Group

Three former Wall Street executives have formed the Rumson, N.J.-based Loan Value Group, an independent, third-party provider of advisory services aimed at helping clients assess, evaluate and manage residential mortgage risk. The startup company's three principals are former Morgan Stanley executives Howard Hubler, Jason MacRae and Frank Pallotta. Loan Value Group's clients include mortgage and mortgage insurance companies as well as banks, funds and rating agencies. The group plans to operate at least three business lines: data aggregation, which compiles statistics from multiple sources to create a multidimensional portfolio profile; research, which focuses on identifying the main drivers of default and performance through analysis and statistical modeling; and advisory services, which are aimed at helping clients drive present value with loan modification and optimization strategies.