FAIRFAX, Va., April 26, 2013 /PRNewswire/ -- Salient Commercial Solutions, Inc. (Salient), a leading provider of fixed income solutions; enterprise Agile adoption, and IT strategy and implementation, today announced it will be demonstrating its Appix Mortgage product that provides cost saving mortgage-backed securities to-be announced (TBA) allocation automation at the 2013 SIFMA Operations Conference. This event will be held April 28 – May 1 in Boca Raton, Florida.
This year's program offers a retrospective on how improvements in operational processes have and can continue to positively contribute to ensure that markets operate with minimal risk. Salient has been improving customers' operational processes with automated mortgage-backed securities (MBS) TBA solutions for more than fifteen years.
With increases in TBA trading activity, organizations find it challenging to efficiently perform TBA trade allocations, meet deadlines, and retain the best MBS pools. Appix Mortgage automates operations on 48-hour day and throughout the TBA settlement cycle. As a result, it increases TBA processing capacity, lowers headcount, helps lower fail costs, and provides configurable filters for identifying and retaining "good pools" to maximize portfolio value.
Salient uses Agile practices to customize and integrate Appix Mortgage with existing trading and settlement systems to enable straight through processing. Salient's Agile Team delivers IT initiatives rapidly with higher quality and on point with customers' business visions using a scalable Agile development approach.
"Many of our customers have been looking for solutions for automating their fixed income operations for some time," said Bill Parker, COO of Salient. "With the combination of the Appix Mortgage TBA solution and our customized Agile practices, we are able to provide scalable and repeatable process with rapid delivery and a leaner approach to ensure our customers' visions transforms into working software with a maximum return on their investment."
Mike Rauck, Director of Operations, Appix Financial Solutions Group, will be on hand to speak to the operational risks associated with processing TBA allocations, to demonstrate how the Appix Mortgage product can mitigate these risks to maximize portfolio value in a scalable Agile approach. Visit Salient at booth 801 to learn more about Appix Mortgage and Agile solutions.
About Salient Commercial Solutions: Salient Commercial Solutions is a leading provider of fixed income solutions; cash management solutions; IT application productivity strategy; and Agile coaching and adoption services. Salient helps our clients achieve results, fast. We develop and deliver complete solutions using best-of-breed rapid delivery techniques. Salient provides Certified Scrum Masters and leverage a variety of toolsets to help accelerate your results. Salient Commercial Solutions is headquartered in Fairfax, Va., with offices in McLean, Colorado Springs, Orlando, San Diego, and Tampa. More information is available at www.salientcommercial.com.
Salient has been recognized by Forbes Magazine as one of America's Most Promising Companies.