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Two Firms Expand Hedge Services.(Hedging)
Byline: Ted Cornwell
In today's economic environment, most eyes are trained on credit risk. But with rates once again falling and many lenders reporting impairment to the value of their servicing rights, there is a need to focus on managing interest rate risk as well.
Two firms recently announced programs to help lenders do that.
Compass Analytics, San Francisco, is releasing analytics to hedge mortgage servicing portfolios and pipeline service-release premiums, and at the same time the firm is launching an MSR hedge advisory service to support lenders in their MSR and SRP hedging activities.
The new analytics are released as a separate module available in CompassPoint Version 1.4.0 and the MSR portfolio advisory services will be offered in conjunction with strategic advisory services from Kent Westerbeck of Westerbeck Risk Management, Westmont, Ill.
The MSR Analytics and Advisory services will leverage CompassPoint's MSR duration and convexity analysis, the company said. It will also complete Compass' suite of MSR hedge instruments, including valuation, performance analysis, and reconciliation.
"The release of Version 1.4.0 marks the culmination of Compass' long-standing vision to provide the mortgage industry the first fully integrated mortgage hedge platform from origination through servicing," said Rob Kessel, managing partner for Compass, in a news release. "We look forward to expanding our longstanding hedge advisory services and we are particularly pleased to have the support of Kent Westerbeck who brings broad servicing hedge perspective and experience to help servicers who have recently faced unprecedented challenges due to ...
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Source: HighBeam Research, Two Firms Expand Hedge Services.(Hedging)