RiskSpan Introduces Multi-Scenario Yield Table

ARLINGTON, Va., August 4, 2022

RiskSpan, a leading provider of residential mortgage and structured product data and analytics, has announced a new Multi-Scenario Yield Table feature within its award-winning Edge Platform.

REITs and other mortgage loan and MSR investors leverage the Multi-Scenario Yield Table to instantaneously run and compare multiple scenario analyses on any individual asset in their portfolio.

An interactive, self-guided demo of this new functionality can be viewed here. 

Comprehensive details of this and other new capabilities are available by requesting a no-obligation live demo at riskspan.com.

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With a single click from the portfolio screen, Edge users can now simultaneously view the impact of as many as 20 different scenarios on outputs including price, yield, WAL, dv01, OAS, discount margin, modified duration, weighted average CRR and CDR, severity and projected losses. The ability to view these and other model outputs across multiple scenarios in a single table eliminates the tedious and time-consuming process of running scenarios individually and having to manually juxtapose the resulting analytics.

Entering scenarios is easy. Users can make changes to scenarios right on the screen to facilitate quick, ad hoc analyses. Once these scenarios are loaded and assumptions are set, the impacts of each scenario on price and other risk metrics are lined up in a single, easily analyzed data table.

Analysts who determine that one of the scenarios is producing more reasonable results than the defined base case can overwrite and replace the base case with the preferred scenario in just two clicks.

The Multi-Scenario Yield Table is the latest in a series of enhancements that is making the Edge Platform increasingly indispensable for mortgage loan and MSR portfolio managers.

About RiskSpan, Inc. 

RiskSpan offers cloud-native SaaS analytics for on-demand market risk, credit risk, pricing and trading. With our data science experts and technologists, we are the leader in data as a service and end-to-end solutions for loan-level data management and analytics.

Our mission is to be the most trusted and comprehensive source of data and analytics for loans and structured finance investments.

Rethink loan and structured finance data. Rethink your analytics. Learn more at www.riskspan.com.

Media contact: Timothy Willis

RiskSpan Introduces Media Effect Measure for Prepayment Analysis, Predictive Analytics for Managed Data

ARLINGTON, Va., July 14, 2022

RiskSpan, a leading provider of residential mortgage and structured product data and analytics, has announced a series of new enhancements in the latest release of its award-winning Edge Platform.

Comprehensive details of these new capabilities are available byrequesting a no-obligation demo at riskspan.com.

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Media Effect – It has long been accepted that prepayment speeds see an extra boost as media coverage alerts borrowers to refinancing opportunities. Now, Edge lets traders and modelers measure the media effect present in any active pool of Agency loans—highlighting borrowers most prone to refinance in response to news coverage—and plot the empirical impact on any cohort of loans. Developed in collaboration with practitioners, it measures rate novelty by comparing rate environment at a given time to rates over the trailing five years. Mortgage portfolio managers and traders who subscribe to Edge have always been able to easily stratify mortgage portfolios by refinance incentive. With the new Media Effect filter/bucket, market participants fine tune expectations by analyzing cohorts with like media effects.

Predictive Analytics for Managed Data – Edge subscribers who leverage RiskSpan’s Data Management service to aggregate and prep monthly loan and MSR data can now kick off predictive analytics for any filtered snapshot of that data. Leveraging RiskSpan’s universe of forward-looking analytics, subscribers can generate valuations, market risk metrics to inform hedging, credit loss accounting estimates and credit stress test outputs, and more. Sharing portfolio snapshots and analytics results across teams has never been easier.

These capabilities and other recently released Edge Platform functionality will be on display at next week’s SFVegas 2022 conference, where RiskSpan is a sponsor. RiskSpan will be featured at Booth 38 in the main exhibition hall. RiskSpan professionals will also be available to respond to questions on July 19th following their panels, “Market Beat: Mortgage Servicing Rights” and “Technology Trends in Securitization.”

About RiskSpan, Inc.

Our mission is to be the most trusted and comprehensive source of data and analytics for loans and structured finance investments.

Rethink loan and structured finance data. Rethink your analytics. Learn more at www.riskspan.com.

RiskSpan Introduces Proprietary Measure for Plotting Burnout Effect on Prepays, Adds RPL/NPL Forecasting

ARLINGTON, Va., June 22, 2022 —

Comprehensive details of these new capabilities are available by requesting a no-obligation demo at riskspan.com.

Burnout Metrics – MBS traders and investors can now look up a proprietary, cumulative burnout metric that quantifies the extent to which a defined pool of mortgages has continued to pay coupons above refinance rates over time. The metric goes beyond simple comparisons of note rates to historic prevailing rates by also tracking the number of times borrowers have ignored the “media effect” of repeatedly seeing rates reach record lows. Edge users can plot empirical prepay speeds as a function of burnout to help project performance of pools with various degrees of burnout. A virtual walk-through of this functionality is available here.
Reperforming Loans – Investors in nonperforming and reperforming loans – particularly RPLs that have recently emerged from covid forbearance – can now project performance and cash flows of loans with deferred balances. Edge reads in the total debt owed (TDO) recovery method and has added key output fields like prepaid principal percent reduction and total debt owed to its cash flow report.
Hedge Ratios – The Edge Platform now enables traders and portfolio managers to easily compute, in one single step, the quantity of 2yr, 5yr, 10yr, or 30yr treasuries (or any combination of these or other hedges) that must be sold to offset the effective duration of assets in a given portfolio. Swaps, swaptions and other hedges are also supported. Clearly efficient and useful for any portfolio of interest-rate-sensitive assets, the functionality is proving particularly valuable to commercial banks with MSR holdings and others who require daily transparency to hedging ratios.

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About RiskSpan, Inc.

RiskSpan offers end-to-end solutions for data management, historical performance, predictive analytics and portfolio risk management on a secure, fast, and scalable platform that has earned the trust of the industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge platform integrates a range of datasets – structured and unstructured – and off-the-shelf analytical tools to provide you with powerful insights and a competitive advantage. Learn more at www.riskspan.com.

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Recent Edge Platform Updates

Edge Platform Updates

MSR Engine

The Platform’s extensive library of available MSR analytic outputs has been expanded to include Effective Recapture Rate and other Income and Expense fields.

Base servicing cost inputs for MSR assumptions have also been enhanced.

LOANS

The ETL tool for loan onboarding has been further enhanced with machine learning capabilities.

New fields for querying options and enhanced segmentation have been added. And SOFRWalSpread and SOFRSpotSpread are now captured in static analysis output.

Loans

HISTORICAL PERFORMANCE

Special Eligibility Program fields have been added to Fannie and Freddie pool data outputs along with a complementing SpecialProgram100 filter

Fannie and Freddie datasets now include CBR and CPR metrics (previously only available for Ginnies).

New support has been added for saving CoreLogic LLD queries with complement filters.

Enhanced historical date-based queries in Edge Perspective (e.g., option to run and save queries with relative factor dates rather than specifically coded date.

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Daniel Fleishman Joins RiskSpan’s MSR Team

ARLINGTON, Va., May 3, 2022 — RiskSpan, a leading provider of residential mortgage and structured product data and analytics, has appointed Daniel Fleishman as Managing Director within its recently announced Mortgage Servicing Rights unit.

Fleishman’s career includes 17 years at BlackRock where he worked extensively with banks, mortgage companies and REITs to support MSR valuation, risk measurement and hedging practices. In that role, Fleishman gained deep expertise in MSR cash flow and mortgage modeling as well as experience managing diverse client needs ranging from model validation to MSR acquisition analysis. Earlier in his career, he also spent more than a decade at the Federal Reserve Bank of New York.

“Dan’s extensive expertise with mortgage and MSR analytics is a wonderful complement to our Edge Platform,” said Bernadette Kogler, CEO of RiskSpan. “With the MSR application starting to gain real traction, Dan is just the person to help ensure our clients are getting all they can out of the capability.”

“I am delighted about this opportunity to be a part of such a dynamic company in this new role,” said Fleishman. “I look forward to helping Edge users manage multiple loan-level datasets with ease and visualize servicing cash flows and analytics rapidly and with granularity.”

As announced last week, RiskSpan’s cloud-native MSR application is a new component of its award-winning Edge Platform. It enables investors to price MSRs and run cash flows on the fly at the loan level, opening the door to a virtually limitless array of scenario-based analytics. The flexibility afforded by RiskSpan’s parallel computing framework allows for complex net cash flow calculations on hundreds of thousands of individual mortgage loans simultaneously. The speed and scalability this affords makes the Edge Platform ideally suited for pricing even the largest portfolios of MSR assets and making timely trading decisions with confidence.

About RiskSpan, Inc.
RiskSpan offers end-to-end solutions for data management, trading risk management analytics, and visualization on a highly secure, fast, and fully scalable platform that has earned the trust of the industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge platform integrates a range of datasets – structured and unstructured – and off-the-shelf analytical tools to provide you with powerful insights and a competitive advantage. Learn more at www.riskspan.com.

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RiskSpan Announces Cloud-Native Mortgage Servicing Rights Application

ARLINGTON, Va., Mortgage fintech leader RiskSpan announced today that it has added a Mortgage Servicing Rights (MSR) application to its award-winning on-demand analytics Edge Platform.

The application expands RiskSpan’s unparalleled loan-level mortgage analytics to MSRs, an asset class whose cash flows have previously been challenging to forecast at the loan level. Unlike conventional MSR tools that assume large numbers of loans bucketed into “rep lines” will perform identically, the Edge Platform’s granular approach makes it possible to forecast MSR portfolio net cash flows and run valuation and scenario analyses with unprecedented precision.

RiskSpan’s MSR platform integrates RiskSpan’s proprietary prepayment and credit models to calculate option-adjusted risk metrics while also incorporating the full range of client-configurable input parameters (costs and recapture assumptions, for example) necessary to fully characterize the cash flows arising from servicing. Further, its integrated data warehouse solution enables easy access to time-series loan and collateral performance.

“Our cloud-native platform has enabled us to achieve something that has long eluded our industry – on-demand, loan-level cash flow forecasting,” observed RiskSpan CEO Bernadette Kogler. “This has been an absolute game changer for our clients.”

Loan-level projections enable MSR investors to re-combine and re-aggregate loan-level cash flow results on the fly, opening the door to a host of additional, scenario-based analytics – including climate risk and responsible ESG analysis. The flexibility afforded by RiskSpan’s parallel computing framework allows for complex net cash flow calculations on hundreds of thousands of individual mortgage loans simultaneously. The speed and scalability this affords makes the Edge Platform ideally suited for pricing even the largest portfolios of MSR assets and making timely trading decisions with confidence.

About RiskSpan
RiskSpan offers end-to-end solutions for data management, trading risk management analytics, and visualization on a highly secure, fast, and fully scalable platform that has earned the trust of the industry’s largest firms. Combining the strength of subject matter experts, quantitative analysts, and technologists, RiskSpan’s Edge platform integrates a range of data-sets – structured and unstructured – and off-the-shelf analytical tools to provide you with powerful insights and a competitive advantage. Learn more at www.riskspan.com.

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RiskSpan a Winner of 2022 HousingWire’s Tech100 Mortgage Award

RiskSpan named to HousingWire’s Tech100 for a fourth consecutive year — recognition of the firm’s continuous commitment to advancing mortagage, technology, data and analytics.

Our cloud-native data and predictive modeling analytical platform uncovers insights and mitigates risks for loans and structured products.

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HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward.

RiskSpan Chosen “Best Company for Diversity and Inclusion” Category Winner in WatersTechnology’s Women In Technology & Data Awards 2022 Rankings

RiskSpan Chosen “Best Company for Diversity and Inclusion” by WatersTechnology Women In Technology & Data Awards 2022

Learn More about riskspan's Dei initiatives

The award reflects RiskSpan’s major commitment to making DEI a priority and empowering employees from every background and at every level of the company to contribute to our mutual success.

Recent initiatives have included:

A broad expansion and formalization of a mentorship program pairing every non-management employee with a senior company leader.
Regular anonymous surveys designed to gauge employee perceptions of inclusion and identify opportunities for improvement.
Establishment of a Women’s Employee Resource Group featuring forums, dinners, and other social events.
Active participation in industry DEI committees and events.
Development of training frameworks open to all employees seeking help obtaining certifications and customized training programs.

These and related efforts all aim to create a close-knit organization by maximizing opportunities for communication among staff across the organization and creating more opportunities to get to know one another in smaller groups outside of assigned projects and teams.

RiskSpan’s Diversity, Equity & Inclusion Initiative

RSOne Vision

Diversity, Equity & Inclusion has been a recent focus of RiskSpan as of early 2021, and Managing Director Christabel James has led the effort. She works closely with RiskSpan’s executive team to initiate and build out RSOne DEI strategies. Christabel has established a mentoring program and organized a number of team building events. She is also active in coordinating and attending events geared towards women in finance.

Formal Mentorship Programs

Open to all employees companywide
One on one conversations with team members to understand their personal and career aspirations and match them to a mentor
Guide executive and management team on mentorship community
Heavily promote reverse mentoring
Created and shared guides with both mentors and mentees providing guidance on the program

Engagement

Implement DEI Images for laptop screensavers
Host competitions with the goal of raising awareness
Initiate and share results of survey along with action items

Observances

Established Juneteenth as a corporate holiday
Regular companywide communication drawing attention to a DEI resources

Women’s Employee Resource Group (ERG)

Established ERG to support and encourage the women in the firm
Established a women’s forum and schedule individual conversations with junior staff
Hosted female’s get together which included women at all levels from associate analysts to CEO

Industry DEI Committees and Events

RiskSpan is an active contributor to the Structured Finance Association’s DEI Toolkit Initiative, which provides guidance and resources on best practices related to DEI. SFA’s Toolkit includes a combination of video interviews, member-written blogs, articles, podcasts, and member-firm submitted resources centered around diversity recruitment.
Participated in the Virtual National Diversity and Leadership Conference 2021

Training Framework

Available to anyone seeking assistance with certifications and customized training programs
Built a framework for team to take advantage of courses included as part of memberships for free or a reduced cost
RS Portal integration was initiated

What Is Your DEI Strategy?

Inclusive Recruitment

Christabel James | DEI Lead, RiskSpan

*This post by RiskSpan’s Christabel James was originally published in February 2022 by the Structured Finance Association.

Companies that have implemented intentional diversity, equity, and inclusion (DEI) policies and strategies have not only a great and inclusive corporate culture, but also increased employee retention, productivity, quality of decision making – all of which positively impact the bottom-line.

Building a strong, diverse, and inclusive culture starts with recruitment, the beginning of the employee life cycle.

What does it mean to be inclusive in recruitment? Why is inclusive recruitment important? How can we proactively implement inclusive recruitment practices? Read on to find out how inclusive recruitment cannot only strengthen you DEI policies but be a powerful tool that helps shape the culture, the bottom line, and perceived value of the company.

What is inclusive recruitment?

While it seems like machines are replacing most jobs, people continue to be an organization’s most valuable asset. There is not denying that the quality of a company’s human resources, and their active engagement, continues to drive business performance. Research from Gallup has shown that disengaged employees cost companies $450-to-$550 billion in lost productivity annually. Given, this, recruitment is the first step to attracting bright and diverse talent, encouraging not only diversity but also increased engagement and inclusiveness.

Inclusive recruitment recognizes that diverse talent exists and employs practical, intentional tools to not only attract, but also level the playing field for this talent and in the process removes unconscious biases and discriminations that plague traditional processes. Inclusive recruitment ensures that candidates are hired based on their skills, abilities, and expertise, and not based on their characteristics or background.

Why is inclusive recruitment important?

It’s no surprise that hiring a diverse workforce that brings in potentially diverse thought leadership is critical in today’s competitive business landscape. While companies are bound by law to treat every candidate equally, what is also important for businesses is the impact that their corporate culture has on the branding of their organization. A company whose culture emphasizes diversity and inclusion signals greater acceptance of diverse talent, thereby attracting a larger, more diverse talent pool, all of which positively impact not only the company’s bottom-line, but also, its reputation. According to Pew Research Center, millennials are the largest generation in the US workforce and in a research by the Read More

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RiskSpan Introduces Multi-Scenario Yield Table

RiskSpan Introduces Media Effect Measure for Prepayment Analysis, Predictive Analytics for Managed Data

RiskSpan Introduces Proprietary Measure for Plotting Burnout Effect on Prepays, Adds RPL/NPL Forecasting

Recent Edge Platform Updates

Daniel Fleishman Joins RiskSpan’s MSR Team

RiskSpan Announces Cloud-Native Mortgage Servicing Rights Application

RiskSpan a Winner of 2022 HousingWire’s Tech100 Mortgage Award

RiskSpan Chosen “Best Company for Diversity and Inclusion” Category Winner in WatersTechnology’s Women In Technology & Data Awards 2022 Rankings

RiskSpan’s Diversity, Equity & Inclusion Initiative

RSOne Vision

What Is Your DEI Strategy?

Inclusive Recruitment

Company

Products

Security & Compliance