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Portfolio Surveillance Analytics
Portfolio Surveillance Analytics, LLC (PSA), acts as the Credit Risk Manager for mortgage backed securities that are issued by Wall Street firms. PSA's responsibilities include monitoring the performance of mortgage servicers performing the actual servicing for the Trustee of the security.
- Analysis of the monthly servicer reports & master servicer reports
- On site visits to the servicing sites to ensure the terms of the pooling and servicing agreements are adhered to
- Post all reports to a website
- Make reports available for the investing public to review
PSA understands the relationship between the qualitative (descriptions) the quantitative (statistical) aspects of a credit analysis and the relationship of credit risk to other risks faced by financial institutions.
- Market risk
- Operational risk
- Liquidity risk
- Fraud risk
- Compliance risk
PSA Knows:
- Credit portfolio risk management techniques, including several of the models and approaches that have developed in the marketplace
- Policy, practice and process issues that need to be part of an integrated risk management program within a financial institution
- Risk management administration, policy creation, credit scoring models, behavioral scoring models and lending processes
- Private securities issuance processes and procedure
- Loan servicing procedures when loans are in varied stages of default, 30, 60, 90, 120, bankruptcy, foreclosure and Real Estate Owned (REO) assets
- Trustee reporting guidelines, cutoffs and remittances
» www.psareports.com
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