BBA's MortgageRetainer is a mortgage renewal platform developed for financial institutions that either hold or distribute conventional residential mortgages.
MortgageRetainer uses a build-up approach for mortgage pricing by taking into account default, prepayment and funding volatility risks for each mortgage transaction in the renewal pool. Using advanced Rest API technology, MortgageRetainer platform also helps managers develop business plans on the fly.
MortgageRetainer offers a set of performance metrics that allows meaningful and uniform comparison across all lending activities (with varying risk characteristics) and portfolios.
Using advanced pricing algorithm, risk and funding costs as the basis, determine customer's willingness to pay.
Level Playing Field
Identify customer response to price across different products, markets, and tranches. MortgageRetainer helps create a level playing field for mortgage loans varying risk characteristics.
KEY METRICS & DELIVERABLES
- Net Present Value (NPV) based breakeven margin adjusted for transfer pricing of base rate, pre-payment risk, tenor, liquidity premium and Expected Credit Loss
- Pricing options using supply and demand dynamics
- Value-based performance measurement
Seamless data ingestion or option to upload data manually
This workflow conducts analytics, derives optimal offer rates and automates issuance of commitment letters
New originations module
Using Rest API, this module provides snapshot view of each transaction based on hurdle rate