Standard & Poor's DACSS® (Documentation and Collateral Scoring System) is an analytical software tool to help you evaluate the attributes of U.S. residential mortgage loan applications. It assigns alternative document and collateral requirements in accordance with Standard & Poor’s Residential Mortgage Criteria.
DACSS® will analyze a nonconforming mortgage loan and advise whether that loan is approved for reduced documentation, per Standard & Poor’s rating criteria.
As of January 9, 2008, DACSS 2.2 is available for download.
Accelerates the mortgage approval process and lowers lender costs
Provides a front-end analytical tool for first-lien, non-conforming residential mortgage loans
Evaluates the attributes of a residential mortgage loan application and the credit quality of the borrower at origination.
Assigns alternative document and collateral requirements per Standard & Poor's ratings criteria, without assigning a corresponding increase to the foreclosure frequency or loss severity
A loan level credit model to analyze the risk of residential mortgage loans, also used to determine the foreclosure frequency, loss severity and credit enhancement levels required for securitization.
The SPIRE™ Cash Flow model analyzes the effect of variable interest rates on both assets and liabilities associated with structuring residential mortgage backed securities, incorporating Standard & Poor's criteria.
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