ANT™: Loan level Tracking and Reporting System.
The MIAC Analytics™ Accounting and Tax Module ("ANT") is an accounting and tax, loan level tracking and reporting system for mortgage bankers. Extremely flexible and fully customized to a client’s needs, ANT™ manages the accounting and tax requirements of the servicing asset for FAS 125 and FAS 133. ANT™ is used by the largest mortgage servicers in the industry to solve their FAS 125 and FAS 133 needs. In addition, MIAC provides outsourcing solutions to smaller mortgage servicers. Below is a summary of ANT’s many features:
As a Tracking tool...
- Track the servicing asset at the loan, valuation-tranche, and FAS-125 risk-strata levels.
- Track the fair-market value of the asset by utilizing MIAC Analytics™ WinOAS software to value the servicing asset.
- Track tax basis separately from book basis of the asset.
- Track impairment at the FAS 125-risk strata level.
- Track normal servicing separately from excess servicing for both GAAP and Tax.
- Track hedges paired with the servicing asset including the necessary requirements of FAS 13
As a user-friendly Analytical package...
- Provide flexible stratification of your servicing portfolio into FAS-125 risk-stratas based on predominate risk characteristics: product type, note rate, term, size, geography, and date of origination.
- Powerful reallocation module that allows user to reallocate basis from paid-off loans to remaining loans in the same risk strata with a click of a button.
- Easy to use interface to allocate basis to new loans.
- Create ad hoc database queries to access your data without needing any prior knowledge of SQL scripting or programming.
- Easily and flexibly create your FAS 133 hedge price sensitivity buckets and measure hedge effectiveness.
- Integrate the Hedge Gains or Losses and allocate to the loan level.
- Use its powerful reporting facility to add new reports and to customize existing ones.
- Use ODBC Technology to interface with your loan origination system, GL system, or other databases and spreadsheets