HanoverTrade Releases New Analytics

HanoverTrade Inc., Edison, N.J., has redesigned its Busch Analytics Valuation System and launched Hanover/Busch Analytics 6.0 servicing valuation software.Wells Fargo Mortgage Corp. will be the first to use the improved application, the company said. Under a multiyear licensing agreement, Wells Fargo will use the system to model its servicing portfolio. Enhanced features of the new version include the integration of two key components, Asset OnSite and Asset Manager; expanded loan-level prepayment factors; loan-level servicing valuation; increased data mapping capabilities; and an enhanced ability to stratify portfolios using enlarged data field and increment criteria. HanoverTrade, a subsidiary of Hanover Capital Mortgage Holdings Inc., acquired Busch Analytics in January 2002. Hanover Capital is a mortgage real estate investment trust. HanoverTrade can be found online at http://www.hanovertrade.com.