NEW YORK, Sept. 18, 2017 /PRNewswire/ -- dv01, the data management, reporting, and analytics platform that offers institutional investors transparency and insight into lending markets, today announced the launch of a cashflow engine for securitizations, with full waterfall and collateral model support. dv01's cashflow engine is available for a library of 30 consumer unsecured, student, and small business deals, covering over $10 billion of securitizations from originators including Avant, Lending Club, Marlette, Prosper, SoFi, and Upstart.
"We're excited to offer investors on our platform a built-in cashflow engine for analyzing online lending securitizations," said Perry Rahbar, founder/CEO of dv01. "Our data science and engineering teams have built a one-of-a-kind engine: flexible enough to address the complexities of online lending and powerful enough to project cashflows on one million loans in under 15 seconds."
dv01's cashflow engine is powered by deal waterfall models that operate on loan level data sourced directly from originators. All projections are performed at the loan level and tied out to trustee reports, ensuring accuracy across the entire waterfall, down to the residual.
Within the cashflow engine, investors have access to full deal structure models to generate tranche and residual cashflow projections. This includes a wide array of functionality, including cohort-level control over assumptions; price, yield, and spread re-computation directly from the results screen; and price-yield matrix calculations. The output computations include a projected paydown chart and cumulative prepay/loss plots, all of which show both historic actuals and projected values.
The cashflow engine is integrated directly into dv01's Securitizations solution, which offers investors 24/7 access to a reporting and analytics portal populated with loan level securitization data. When analyzing a securitization, users have access to deal-specific detail, collateral, and performance pages, as well as the ability to download updated loan tapes to track the evolution of a pool over time. Additionally, users can use dv01's Pool Explorer to construct curves using historical platform data.
dv01 is a data management, reporting, and analytics platform that acts as a hub between lenders and capital markets. To date, dv01 has offered investors insight into $10 billion of securitizations and $64 billion of consumer, small business, real estate, auto, and student loans (>90% of total) from the largest online lenders, including Lending Club, Prosper, and SoFi. Learn more at dv01.co.