MIAC and
ACADAMETRICS
announce a unique
synergy of risk
management tools
to empower clients’
decision-making in these challenging times.

MIAC and Acadametrics introduce a robust new analytics platform for the UK market aimed at supporting mortgage lenders, capital markets players and asset management businesses, with benefits for the wider financial services sector.
MIAC | Acadametrics combines MIAC’s state-of-the-art software with Acadametrics unrivalled mortgage stress testing and scenario analysis programs to facilitate your company’s risk management decisions in today’s demanding markets.

 

Since 1989, MIAC has been the industry’s leading US provider of pricing, risk management and accounting solutions. Known for its expertise in secondary and capital markets, innovative price discovery methods, and insightful collateral behavior analysis, their versatile MIAC AnalyticsTM software is trusted worldwide by the majority of the industry’s largest mortgage companies and is used to hedge more than four trillion dollars in mortgage Whole Loans, MSRs, Structured Products and interest rate derivatives on a monthly basis.

MIAC’s term structure Libor Market Model has an industry-leading calibration process to enable highly accurate volatility-based asset pricing.
MIAC Analytics™ integrates with the largest independent prepayment model vendors, credit risk model vendors and data vendors in the US today.

• Asset Valuations and Software Models are audited and validated – Annual SAS-70 Type ll Audits of IT Infrastructure, Business Controls, Software Development Procedures by Grant Thornton, LLP

• Embedded Sarbanes-Oxley Compliance Tools – Assumption Tracking and Control, Permission and Access Control, and Cash Flow Validation Support

• Asset Cash Flows and Option-Adjusted Spread (OAS) Model

• Fully Validated Asset Cash Flows, Option-Adjusted Spread (OAS) and Asset/Liability Models

Unrivalled Mortgage Credit Modelling Experience and Expertise

UK-based Acadametrics Limited has built its highly influential industry position on a foundation of advanced academic research and macroeconomic modeling, led by Dr Stephen Satchell, The Reader in Financial Econometrics at the University of Cambridge. In the early 1990s, Dr Satchell and Acadametrics staff focused on forecasting the mortgage and MIG losses likely to arise from the 1989-1991 housing crisis. The substantial downturn default and mortgage database which they gathered has enabled the hazard rate forecasting methodology which they use to forecast loan-by-loan losses today

Acadametrics also conceived and developed the proprietary house price index, FTHPI, which they launched with the Financial Times in 2003. FTHPI pioneered the use of Land Registry data, using a forecasting model for current month re-sults, developed exclusively for Acadametrics at Cambridge. FTHPI was selected by the Chicago Mercantile Exchange to become the basis for their proposed residential house price derivative

• Collateral Valuation – Acadametrics Prices and Transactions (APAT) data and Confidence Interval tables

• Stress and Scenario Testing & Arrears Analytics

– Stress and Scenario Testing (SST) service, providing forecasts of possessions and losses under alternative scenarios at loan-by-loan mortgage level

– Predictive Mortgage Analytics (PMA) service which focuses upon arrears and cash flow at LTV or risk bucket level

– UK Arrears and Repossessions Forecasting (UKAPF) modeling the UK mortgage book.

• Custom Data and Model Development – including the provision of LGD data from the Acadametrics downturn default database, model validation and model development

For inquiries, please contact: info@miac-acadametrics.co.uk