Lewtan™ Partners with Thetica Systems, Inc., to Provide Bond Valuation Platform for MBS/ABS Securities

Sep 27, 2011, 12:07 ET from Lewtan

WALTHAM, Mass., Sept. 27, 2011 /PRNewswire/ -- Lewtan, a leading data and analytics provider for the structured finance industry, partners with Thetica Systems to offer a pre-integrated bond valuation platform to MBS and ABS investors. Thetica Systems' ABS Analytics Trader Tools™ provide a suite of software that incorporates Lewtan's ABSNet®, ABSNet Loan and ABSNet Loan HomeVal® products with credit model assumptions to automate an efficient bond valuation platform with an easy-to-customize, front-end solution.

Lewtan's ABSNet Loan product suite is unique in that it enables users to analyze non-agency mortgage-backed securities at the loan, pool and deal level as well as the current bond information related to those securities. Lewtan's ABSNet Loan HomeVal product provides transparency into negative equity amounts and current loan-to-values at the loan level enabling the user to make insightful assumptions around whether an individual borrower is likely to default on his or her loan. ABSNet Loan HomeVal utilizes both automated valuation models and over 150,000 home price indices at the neighborhood level to arrive at the best estimation of each home's value.

"We are extremely excited to be integrated with one of the industry's leading technology providers," said Ned Myers, Senior Vice President and general manager at Lewtan. "The Lewtan/Thetica combined offering provides a fully-integrated and scalable solution that enables powerful bond analysis using the most accurate current combined LTVs available today."

The platform developed by Thetica Systems, integrating Lewtan's ABSNet and ABSNet Loan products, offers  high-speed analytics capable of running thousands of bond scenarios simultaneously, including different pricing, economic and regional metrics. The tool allows for the most precise RMBS forecasting and valuation by integrating Lewtan's data with credit and default predictions of the user's choice.

"The partnership with Lewtan makes an exciting addition to Thetica's suite of vendor products," adds Jack Broad, President of Thetica Systems.  "Not only for Lewtan's loan-level data, but for its thorough capability to generate ongoing updated property valuations, giving a much closer look at realistic current LTVs in relation to securitized RMBS deals.  In today's real estate market, correctly assessing property values is key to understanding the risks involved for investors."

About Lewtan (www.lewtan.com)

Through offices in North America and Europe, Lewtan offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry. These include issuers, investors, underwriters, servicers, credit enhancers, and rating agencies representing more than 300 institutions worldwide that rely on Lewtan's intelligence and surveillance solutions.

Lewtan is part of DMG Information, a division of the Daily Mail and General Trust, plc, one of the UK's leading international media groups.

About Thetica Systems, Inc. (www.theticasystems.com)

Thetica Systems' ABS Trader Tools is a high performance suite of tools that boosts productivity for ABS, CMBS, CDO and CDS traders and analysts. Thetica ABS Analytics™ permits traders, financial controllers, risk managers and research analysts to flexibly price large quantities of bonds across an enormous range of economic scenarios, faster utilizing Thetica's cutting edge distributed computing grid. Large quantities of Price/Yield tables and Cash-Flow results are stored in the database and all the information can be queried and analyzed easily in a simple to use Excel interface. Combined with Thetica ABS Explorer™, an Excel front-end permitting users to drill-down into the wide variety of information relating to securitized products, Thetica ABS Trader Tools provides an unmatched set of capabilities for securitized markets participants.

Thetica has offices in New York and Clearwater, FL serving a wide variety of financial firms involved in the securitization markets including: investment banks, hedge funds, broker/dealers, and more.