ASC Helps Small and Mid-Tier Lenders Manage Secondary Market
Monday, November 10, 2008
Ohio-based Associated Software Consultants Inc. (ASC), recently introduced an enhanced technology solution designed to help community banks, credit unions, and emerging lenders manage their secondary mortgage market activities. The solution is the company's latest version of the PowerSeller Secondary Marketing and Risk Management System. It streamlines marketing and operations, and facilitates better communication among all stakeholders, ASC said in a press statement.
Enhancements to ASC's PowerSeller version 5.8 include: new pricing-model tracking capabilities, additional risk management reports, optimized e-mail options, streamlined best-efforts-commitments handling, as well as communication and reporting enhancements. The integration of pricing models into PowerSeller’s mark-to-market and best-execution analyses helps those selling to investors with assignments of trade (AOTs), direct trades, and co-issues. And, the cash grids feature has been streamlined to give lenders another tool to quickly make decisions, ASC explained.
The new solution also delivers PowerSeller GPS, a focused set of capabilities designed to help small to mid-tier mortgage bankers and brokers achieve better execution as they sell off loans. PowerSeller GPS enables mortgage bankers and brokers to grow secondary marketing profits by increasing efficiencies and delivering sizable cost savings, ASC said. By maximizing process efficiency, PowerSeller GPS prepares lenders to move toward mandatory execution. It gathers the data required for determining the potential costs and benefits of converting a product line from best efforts to a mandatory trading model.
“The key to better execution is accurate, timely data analysis,” said Greg Crosby, director of secondary marketing software at ASC. “This technology tool multiplies lenders’ analysis, reporting and communications capabilities. It provides the guidance needed to raise execution levels.”
The company's PowerSeller 5.8 introduces several new risk-management reports including a position summary reconciliation, a cost of hedging report and a cross-hedge-ratio report. The new reports facilitate more-informed hedging decisions by providing a better understanding of the daily fluctuations of the lender’s position and allowing users to easily disseminate the relevant information, ASC explained in its press statement.
Enhancements to ASC's PowerSeller version 5.8 include: new pricing-model tracking capabilities, additional risk management reports, optimized e-mail options, streamlined best-efforts-commitments handling, as well as communication and reporting enhancements. The integration of pricing models into PowerSeller’s mark-to-market and best-execution analyses helps those selling to investors with assignments of trade (AOTs), direct trades, and co-issues. And, the cash grids feature has been streamlined to give lenders another tool to quickly make decisions, ASC explained.
The new solution also delivers PowerSeller GPS, a focused set of capabilities designed to help small to mid-tier mortgage bankers and brokers achieve better execution as they sell off loans. PowerSeller GPS enables mortgage bankers and brokers to grow secondary marketing profits by increasing efficiencies and delivering sizable cost savings, ASC said. By maximizing process efficiency, PowerSeller GPS prepares lenders to move toward mandatory execution. It gathers the data required for determining the potential costs and benefits of converting a product line from best efforts to a mandatory trading model.
“The key to better execution is accurate, timely data analysis,” said Greg Crosby, director of secondary marketing software at ASC. “This technology tool multiplies lenders’ analysis, reporting and communications capabilities. It provides the guidance needed to raise execution levels.”
The company's PowerSeller 5.8 introduces several new risk-management reports including a position summary reconciliation, a cost of hedging report and a cross-hedge-ratio report. The new reports facilitate more-informed hedging decisions by providing a better understanding of the daily fluctuations of the lender’s position and allowing users to easily disseminate the relevant information, ASC explained in its press statement.
