Case Study
Mortgage Servicing
Challenge
A $500bn Private Equity firm wanted to ramp up the acquisition of residential real estate assets while ensuring the ability to securitze them at any moment. The servicer data that they relied upon to value mortgages, manage risk, and account for cash flow was significantly impacted by poor quality data. Management of daily data needed to support securitizations would require large increases in staff.
The environment entailed:
- High dependencies on vendor data feeds
- Inadequate data remediation from vendors
- Limited resource availability
- Heavy use of Excel and manual SQL queries
“BaseCap is closing the gap between identifying data issues and remediating them, saving my team weeks of work”
- Chief Data Officer, Top 10 US Bank
Solution
The BaseCap Platform quickly applied business validations standards identify data issues across internal databases and external vendor feeds.
- Delivered daily data in American Securitization Forum (ASF) format
- Generated data quality trends and identified data issues
- Created a secure & collaborative workspace for internal staff and external vendors to transparently remediate data concerns
ASF Standard
Daily Securitization Data
Work Smarter
Grow without adding headcount
Growth
$2bil in portfolio
asset growth
Results
- Immediate securitization delivery
- Enhanced cash flow reporting to expedite portfolio asset growth projections
- Optimized staff utilization by reducing manual data management tasks
