MIAC's Integration with New API and Product
Grid Brings Greater Clarity and Competitive Pricing to
Originators
NEW
YORK, Aug. 5, 2024 /PRNewswire/ -- MIAC
Analytics™, a leading provider of proprietary secondary
marketing technology, is excited to announce an integration with
Fannie Mae's Mission Score application programming interface (API)
and Mission Score 2 and 3 product grids.
"Industry estimates are that 15-20% of
production will go into mission bonds."
Fannie Mae has designed its Mission Index framework to support
its goal of providing affordability, liquidity, and stability to
the housing market. The framework will aid mortgage lenders and
investors in identifying valuable lending opportunities with the
potential for significant social impact. With this API, lenders can
identify mission-oriented lending prospects, aiding in informed
decision-making for best execution in secondary market
transactions.
By providing loan-level Mission Index information and associated
pricing, the Mission Score API helps mortgage originators to
increase margins and pass along improved borrower pricing using
MIAC software. MIAC Analytics, leveraging its extensive
history of empowering mortgage market participants, enhances the
granularity of pricing Fannie Mae offers sellers on MIAC's
platform, MarketShield®.
Better Market Pricing Transparency
"MIAC believes that it is one step ahead when it comes to
finding better executions for our clients," said Fuad Nasir, Director of Secondary Solutions at
MIAC. "Industry estimates are that 15-20% of production will go
into mission bonds. In a world where everyone is chasing basis
points, this may enable clients to realize some additional
pickup."
Seamless Integration for Enhanced Execution
To utilize the Mission Score API, MIAC clients need to share a
handful of additional fields from their Loan Origination System
(LOS) or pull using their LOS integration. The API response is the
Mission Score, which is used to price loans in MIAC's pricing and
hedging software. Depending on the score and rate, the MIAC Trade
Desk has been observing an additional price improvement of 20-90
bps relative to vanilla product.
To learn more about our secondary marketing software solutions,
please visit our website or contact your MIAC
representative.
About MIAC Analytics
Since 1989, MIAC Analytics has been a provider of pricing, risk
management, and accounting solutions for the mortgage and financial
service industries. Offering transaction execution services,
secondary market hedge advisory solutions, and third-party mortgage
asset valuations, as well as state-of-the-art valuation and risk
models, incorporating a full range of consumer behavioral risk
factors.
Disclosures: https://miacanalytics.com/disclosures/
Press Contact:
Breanna
Morelli
SVP, Marketing and Business Development
Breanna.Morelli@miacanalytics.com
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SOURCE MIAC Analytics