COMPASS ANALYTICS AND ANDREW DAVIDSON & CO., INC. ANNOUNCE THE INTEGRATION OF AD&CO'S V5.2 UNIFIED MBS PREPAYMENT MODEL TO COMPASSPOINT™ WITH LOAN-LEVEL INPUT AND OUTPUT ADJUSTORS

24 April 2008

Compass Analytics, LLC and Andrew Davidson & Co., Inc. announced today the successful integration of the Andrew Davidson & Co., Inc.’s v5.2 Unified MBS Prepayment Model into Compass’s Mortgage Analytics solution, CompassPoint™. Mutual Compass and Andrew Davidson & Co, Inc. (AD&Co) customers will now have access to AD&Co’s v5.2 Unified MBS Prepayment Model through CompassPoint™ for derivation of option-adjusted durations and mortgage cash flow valuation and analysis for fixed and adjustable mortgage backed securities and loan-level and cohort-level whole loans and mortgage servicing rights. Mutual customers will be able to adjust all v5.2 input tuners including HPI Index and mortgage spread and output SMMs with loan-level static and vectored adjustors.

"Recent market volatility has emphasized the criticality of more contemporary, granular and realistic prepayment speeds and the modeling of those speeds given different rate scenarios," said Rob Kessel, Managing Partner of Compass Analytics. "Compass is very pleased to continue its integration to AD&Co’s Prepayment Models and continues to provide robust loan-level adjustment capabilities.” Mark Garland, President of MountainView Servicing Group added “MountainView is very excited to have the expanded modeling capability we gain through CompassPointTM and AD&Co Prepayment Models for our valuation of mortgage servicing rights.” Rob Landauer, Director of Business Development at Andrew Davidson & Co., Inc. commented. ”Access to our most recent models and capabilities is especially important during these volatile prepayment periods. We are thrilled that Compass Analytics has provided our mutual clients with access to our latest release which considers the impact that declining HPA and significantly lower turnover have on prepayment speeds.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development