MIAC|DS™

MIAC | DS is an integrated portfolio management system that provides precise, current information on the condition, composition, market value, economic value, risk exposure and accounting detail on individual servic­ing assets and whole loans. This easy to learn and use system does all calculations at the loan level, eliminat­ing any aggregation errors. The modular system, Accountant, Modeler, Analyzer, and Reporter provides features for every type of user. Purchase what you need, add-on as your business and analytical needs grow. 

MIAC | DS Accountant

• Incorporates MSR accounting, valuation, and reporting.
• The accounting functionality enables full compli­ance with FAS140 and FAS157.
• Supports independent accounting ledgers for each loan.
• The cash flow analytics include: choice of prepayment models, static and stochastic interest rate models, and foreclosure / default modeling capabilities.
• Obtain market value, economic value, and perform sensitivity analysis using the easy-to-use-full-feature reporting capability. 

 

MIAC | DS Modeler

• Provides the ability to value whole loan as­sets– including the gross or net coupon of the asset as well as the principle and interest strips.
• Modeler offers complete customization of modeling at­tributes and algorithms for organizations with sophisticated requirements, complex portfolios, or unique needs.
• Contains a user defined Portfolio Aggregation Process to value large portfolios or utilize computational-intensive processes like stochastic interest rate valuation (OAS analysis). 

 

MIAC | DS Analyzer

• As a standalone license this provides all the valuation functionality of the Accountant.
• For organizations that require multiple licenses for valuation and reporting capabilities. 

 

MIAC | DS Reporter

• As a standalone license this module contains the same query-reporting functionality incorporated in the Accountant, Modeler, and Analyzer.
• Enables reporting on all data, valuations, and accounting information created in the other modules.
• Create and run point-in-time or time variant reports easily and efficiently. 

 

MIAC | DS Option Adjusted Spread (OAS) and Prepayment Capabilities

• Functionality allows calculation of embedded optionality of MSR and Whole Loan portfolio.
• Calculate OAS, OAV.
• Report on risk measures duration/convexity, option cost, swaptions, and caps/floors.
• MIAC supplied monthly static prepayment table.
• Link to Andrew Davidson & Company (ADCO) prepayment model. Requires separate license from ADCO.