A dynamic, objective credit assessment service – created specifically for buyers and sellers of whole loan mortgage portfolios.
Standard & Poor's Whole Loan Evaluation Direct brings greater credit transparentcy to whole loan mortgage transactions. It helps participants in the European whole loan market better understand the credit quality, capital structure, and capital market considerations applicable to market-traded mortgage portfolios.
A rapidly-delivered credit assessment, Whole Loan Evaluation Direct offers a direct connection to experienced Standard & Poor's analysts who assess the credit of whole loan portfolios applying the same proprietary RMBS Weighted Average Severity (WALS) credit approach and cash flow criteria used by Standard & Poor's analysts to rate RMBS transactions. It allows clients to apply capital market risk considerations to portfolios held on their balance sheet, giving a better understanding of the associated credit risk.
Benefits
Credit assessment of a mortgage portfolio's underlying assets;
An opinion of the portfolio's default probability;
Credit assessment of the proposed capital structure for refinancing mortgage portfolio;
Use of the credit evaluation of capital structures as a credit tool to help you mark-to-market warehouse facilities;
Credit assessment of residual components; and
Insight to assess aggregated or disaggregated mortgage portfolios from single or multiple originators.
Applicable to both prime and non-conforming mortgage portfolios originated in the U.K. and across Europe, Whole Loan Evaluation Direct can help market participants analyse mortgage loan pools with a principal balance of £30/€45 million and above.
