Verisk Analytics announced acquisition of Strategic Analytics, a provider of credit risk and capital solutions to consumer and mortgage lenders. Now a part of Verisk's Interthinx business unit, Strategic Analytics will provide services and solutions deemed critical for stabilizing the U.S. residential mortgage market.
"The Strategic Analytics solution and application set will allow our customers to take advantage of state-of-the-art loss forecasting, stress testing, and economic capital requirement tools to better understand and forecast the risk in their credit portfolios," said Kevin Coop, president of Interthinx. "These tools are applicable, and are currently deployed in all verticals of consumer lending, including automotive, credit card and student loans, and mortgages."
With this acquisition, Interthinx will offer mortgage risk analytics products through Strategic Analytics, and customers will gain access to mortgage- and asset-backed securities, securities forecasting service, cash flow, conditional payment and conditional default rate, as well as loss severity projections designed to enable lenders and investors to efficiently trade assets.
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