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.
- Utilize
OID, IFM, and Straight-line amortization methods.
- 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
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Use the links in the flowchart below to learn more about our products.
If the image doesn't load properly, use the following text links:
DataRaptor® | MarketShield™ | WinOAS™ | ALM/VAST™ | ANT™ – Pipeline
FAS 133 | Bond Agent™
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