MIAC Analytics™ software values all types of asset classes ranging from the most pristine pass-through assets to the most highly structured risk retention pieces.
Other Core Competencies
- MSR and whole loan valuation and brokerage
- Macro-factor prepay and credit models (MIAC CORE™)
- Loan due diligence and advanced data auditing capabilities
- Historical loan performance measurements
- CECL, CCAR, DFAST, ROE, and ALM modeling and stress testing
- Risk Retention Analysis
- MSR Hedging and risk management
Reasons for valuation include:
- Determine net asset valuation (NAV)
- ASC 820 fair market valuations
- Risk management decision-making
- MSR & whole loan portfolio sales
- Merger & acquisition advisory
- Collateral analysis for warehouse lenders
- Fairness opinions for M&A participants
Model Validation
MIAC is an SEC Registered Investment Advisor subject to SSAE-16 audits on our software development and business control procedures by Baker Tilley, LLP.
We’ve taken many steps to ensure lofty compliance standards including:
- Sarbanes-Oxley assumption tracking tools, permission control tools, and cash flow validation tools fully integrated in our software
- Fully validated asset cash flows and option-adjusted spread (OAS) model
- Fully validated interest rate derivative pricing for swaps, swaptions, caps, floors, eurodollars, amortizing swaps, treasury futures, and options
- Asset valuations governed by MIAC Valuation Committees
MIAC Differentiators
- Value $3.3 trillion across 20 million loan records on over 170 whole loan valuation assignments
- Completed over 850 residential and 120 commercial MSR valuation assignments in 2015 for over 210 diverse financial institutions
- Nationwide, MIAC values 25% of all outstanding residential MSRs every single quarter
- Value in excess of $1.2 trillion in notional UPB for residential MSR assets
- Price approximately 7% of the mortgage origination market, every day
- MIAC utilized industry leading behavioral models to value mortgage assets. Our CORE™ behavioral model in concert with Vision™, our asset/liability application produces reliable and readily defendable asset valuations.