dv01, the data management, reporting, and analytics platform that offers institutional investors transparency and insight into lending markets, announced on Friday it participated in its first mortgage securitization and acted as loan data agent for CSMC 2018-RPL2, a securitization of $275 million re-performing loans serviced by Select Portfolio Servicing (SPS). The company revealed it introduced the role of Loan Data Agent in 2016 and provides Loan Data Agent services for an aggregate securitized collateral balance in excess of $25 billion of online lending loans.
“Our work with Credit Suisse and SPS marks the first time that mortgage investors will have access to a seamless securitization experience from start to finish. The inclusion of loan data agent services in this deal not only ensures that all participating parties have confidence in the underlying collateral, but it also reduces the cost of internal operations and infrastructure management for both issuers and investors.”
dv01 then reported that accredited investors may receive access to its Securitizations portal, which features a suite of reporting, analytics, and cashflow tools designed to track and evaluate the performance of securitizations over time. Investors will also have unlimited access to the loan level data backing the deal, as well as free access to our cashflow engine that operates off of loan level data.