Company Announce First API for Cash Flow Premiums

first_img April 26, 2019 705 Views RoundPoint Mortgage Servicing Corporation and Compass Analytics announced on Wednesday the industry’s first API to provide cash flow based, loan-level servicing release premiums (SRP) co-issue bids.In another initiative to improve the accuracy of MSR pricing and duration along with extending integration further into capital markets, Compass Analytics added automated loan-level SRP co-issue bids to its library of APIs and bid automation. RoundPoint, located in Charlotte, North Carolina, will private-label Compass’ API and bid-automation offerings to integrate and automate their co-issue bids and commitments to the industry.Lenders, through their internal systems, hedge advisors or LOS systems can now integrate to RoundPoint to seamlessly receive and commit live co-issue SRPs as part of their best execution processes. Sellers or their partners can employ the same workflow currently employed by the industry for mini-bulk bidding and beginning June 10, will also have the option of integrating into RoundPoint’s BidStream API.“The new live SRP quoting integration is an exciting leap in automating the best execution experience for the co-issue workflow,” said Mike Duncan, Compass Product Manager. “It’s a win for both the investor, who now has more opportunity to price more granularly and in real-time, and for the seller, who now has a simplified workflow and one that does not require managing complicated pricing grids.”  “By offering SRPs in real time through utilizing the Compass Analytics platform, we are able to inject more certainty into the process, thereby giving clients and prospective clients a way to secure the best price possible for their loans,” said Saket Nigam, Vice President Capital Markets at RoundPoint. “In keeping with our corporate culture of creating innovative mortgage solutions, we are the first co-issue buyer to offer this technology. We’re also excited about the future potential of this tool and applying it to other processes such as boarding loans which could create a more seamless delivery process and speed up closing and funding times.” Share Company Announce First API for Cash Flow, Premiumscenter_img API 2019-04-26 Mike Albanese in Data, Featured, Newslast_img read more

The Arizona Cardinals 2514 win at the New York G

first_imgThe Arizona Cardinals’ 25-14 win at the New York Giants last Sunday generated a rating of 21.9, a franchise record for a Week 2 telecast.The game was estimated to have reached 406,000 Valley households, according to the NFL and The Nielsen Company.The Week 1 home win over the San Diego Chargers was televised on Monday Night Football, drawing a local rating of 28.1 and an audience estimated at 520,000 Valley households. Derrick Hall satisfied with D-backs’ buying and selling Comments   Share   Top Stories Grace expects Greinke trade to have emotional impactcenter_img The Cardinals face the San Francisco 49ers at home on Sunday. Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelolast_img read more