TransUnion Adopts 1010data as a Platform for RMBS Data
CHICAGO, IL and NEW YORK, NY--(Marketwire - July 12, 2010) - TransUnion, a global leader in credit and information management, has selected 1010data as a delivery platform for its Consumer Risk Indicators. The product, drawn from TransUnion's credit data, is based on loan-level residential mortgage backed securities (RMBS) data from CoreLogic LoanPerformance and offers updated consumer credit information at the loan-level for RMBS deals. 1010data's hosted analytics and reporting platform is a market leader in mortgage-backed securities data analysis.
"In this dynamic market with housing values continuing to fluctuate and recovery occurring regionally throughout the U.S., now more than ever, direct and comprehensive risk insight is critical," said Tim Martin, group vice president, TransUnion's Capital Markets business unit. "Through 1010data's leading platform, customers can now have another point of access to TransUnion's Consumer Risk Indicators for in-depth risk analysis."
With this new product offering, TransUnion provides up-to-date as well as historical credit information for the borrower of each loan, promoting greater transparency and enabling investors to make more informed decisions. The product has been demonstrated to allow significantly more accurate risk assessment than traditional methods that neglect to look at updated credit information. Product data, while linked to individual loans, is anonymized.
"There has been lots of industry buzz about the true state of the assets behind MBS and what this means for investor risk," said Greg Munves, Vice President 1010data. "We are pleased to work with such a well known and respected company as TransUnion to provide transparency and promote better risk management and informed investment decisions."
Now available through 1010data's service, the TransUnion Consumer Risk Indicators for RMBS data was previously only available via direct delivery from the company.
As a global leader in credit information and information management services, TransUnion creates economic and competitive advantages for businesses and consumers. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive solutions that leverage data, advanced analytics and decisioning technology. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. www.transunion.com/business.
1010data offers a data and analytics platform that is the only complete approach to performing the deepest analysis and getting the maximum insight directly from raw data, at a fraction of the cost and time of any other solution. 1010data's extensive history in business intelligence and data warehousing has enabled the company to create this powerful solution.