Preparing for the Single Security Initiative – Analyzing Prepayment Alignment

The upcoming implementation of the Single Security Initiative makes it critical for mortgage market participants to have appropriate tools for analyzing and monitoring the prepayment behavior of Agency MBS. RiskSpan’s data and analytical platform, RS Edge, allows mortgage market participants to ‘dig deeper’ into the drivers of prepayment behavior for Agency MBS and will help identify trends when prepayment behavior is not aligned with UMBS issued by Fannie Mae...ShareTweetShare

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Case Study: RiskSpan Edge Platform Agency MBS Module

The Client Multiple Agency Traders and the Research & Strategy Division of a Major Investment Bank Get a DemoTalk Scope The Problem RiskSpan leverages its extensive expertise to help clients rapidly access the drivers of prepayment risk and prepayment trends. Our analytical platform provides ultimate flexibility and speed to perform quickly turn securities level data into...ShareTweetShare

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Choosing a CECL Methodology | Doable, Defensible, Choices Amid the Clutter

CECL advice is hitting financial practitioners from all sides. As an industry friend put it, “Now even my dentist has a CECL solution.” With many high-level commentaries on CECL methodologies in publication (including RiskSpan’s ), we introduce this specific framework to help practitioners eliminate ill-fitting methodologies until one remains per segment. We focus on the commercially… ShareTweetShare

RiskSpan Partners with S&P Global Market Intelligence

ARLINGTON, Va., December 5, 2018 /PRNewswire/ — Virginia-based modeling and analytics SaaS vendor RiskSpan announced today that it will be partnering with S&P Global Market Intelligence to expand the capabilities of its commercially-available RS Edge Platform. RS Edge is a SaaS platform that integrates normalized loan and securities data, predictive models and complex scenario analytics… ShareTweetShare

RiskSpan Partnership S&P

CECL: DCF vs. Non-DCF Allowance — Myth and Reality

FASB’s CECL standard allows institutions to calculate their allowance for credit losses as either “the difference between the amortized cost basis and the present value of the expected cash flows” (ASC 326-20-30-4) or “expected credit losses of the amortized cost basis” (ASC 326-20-30-5). The first approach is commonly called the discounted cash flow or “DCF… ShareTweetShare

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Analytics-as-a-Service – CECL Forecasting

The RiskSpan Edge Platform CECL Module delivers the technology platform and expertise to take you from where you are today to producing audit-ready CECL estimates. Our dedicated CECL Module executes your monthly loss reserving and reporting process under the new CECL standard, covering data intake, segmentation, modeling, and report generation within a single platform. Watch… ShareTweetShare

Dave Andrukonis Explains RiskSpan Platform CECL Module

Here Come the CECL Models: What Model Validators Need to Know

As it turns out, model validation managers at regional banks didn’t get much time to contemplate what they would do with all their newly discovered free time. Passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act appears to have relieved many model validators of the annual DFAST burden. But as one class of… ShareTweetShare

Augmenting Internal Loan Data to Comply with CECL and Boost Profit

The importance of sound internal data gathering practices cannot be understated. However, in light of the new CECL standard, many lending institutions have found themselves unable to meet the data requirements. This may have served as a wake-up call for organizations at all levels to look at their internal data warehousing systems and identify and… ShareTweetShare

Choosing a CECL Methodology

CECL presents institutions with a vast array of choices when it comes to CECL loss estimation methodologies. It can seem a daunting challenge to winnow down the list of possible methods. Institutions must consider considering competing concerns – including soundness and auditability, cost and feasibility, and the value of model reusability. Institutions must convince not… ShareTweetShare

CECL–Why Implement Now?

FASB permits early adoption of CECL for fiscal years beginning after December 15, 2018, including interim periods within the fiscal year. The decision of whether to pursue formal early adoption is a complex one hinging on specific factors that vary among institutions. We are finding, however, that early implementation of a CECL solution offers many… ShareTweetShare