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San Francisco, CA - July 26, 2004 - LoanPerformance, a leading research and analytics
company serving the mortgage industry and Wall Street, today announced the
availability of version 1.0 of its TrueStandings Securities information product at its
2004 Risk Summit in Carlsbad, California.
TrueStandings Securities represents the next generation of LoanPerformance’s LPS
Securities information product, the most comprehensive mortgage securities
databank available with information on more than 3,400 active private-issue
mortgage-backed securities representing 80% of the market.
The new release provides scalable, real-time, Web access to the largest repository of
loan level information on the U.S. mortgage securities market. TrueStandings
Securities also features an enhanced, intuitive interface to enable users to quickly
and easily create customized analyses and reports. In addition, clients may choose
from several pricing options to best meet their needs.
Features of version 1.0 include:
- Pure Web access through a browser eliminating the necessity to load software
and receive and manage CD deliveries of data
- No modifications to the client’s network environment required
- Highly scalable application to handle increasing usage and database size
- Rich and intuitive reporting and graphing environment (e.g. 3D graphing)
- Pivot table-type drag and drop/sort/save/right-click menu functionality
- Ability to export to common reporting tools such as Excel, TXT, and PDF
- Dynamically created metrics, groups and rollups
- Automatic updating of reports with new performance data each month
- Access to 70+ loan characteristics and 100+ performance metrics
- Tiered pricing based on client needs
- Consulting service available
“TrueStandings Securities represents a leaps-and-bounds enhancement to the old
LPS suite,” said Jeff Klein, senior business analyst, secondary marketing, NC Capital
Corp, the secondary marketing subsidiary of New Century Financial Corporation.
“We’ve been able to integrate its powerful reporting and analysis capabilities easily
into our process and the ability to create new reports literally on the fly with deep
granularity makes it a real winner.”
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