To help MBS investors and others to better manage the collateral side of secondary market transactions, Waltham, Mass.-based Pro-Teck Services, Ltd. has just released an advanced client feature providing enhanced flexibility in managing bulk/batch orders.Web-based Batch Manager offers real-time tracking and management of batch orders consisting of multiple properties. Users are able to define business rules around the order and manage the order within the context of those rules. Users can get a high-level summary of the order within any point of the batches lifecycle, plus loan-level drilldowns. The tool provides dynamic data access via XML, XLS or PDF zip files to subsets of data meeting user-defined filters. The collateral valuation process for a batch order may run through AVM Cascades, Collateral Fraud Indicators, Broker Price Opinions, Desktop Reconciliations and ultimately tie out with the seller. Pro-Teck's website is located at http://www.pro-teck.com.
