Technology
406 has integrated an industry-leading technology platform with its Credit/Compliance and Valuation services to achieve consistent and in-depth analysis of credit risk and property values. 406 adds value to the whole loan acquisition process by leveraging a common database and technology platform that is used to drive models for valuation, identify higher risk borrowers, and provide tools for any other services developed by 406 Partners. 406 Partner’s technology platform is centered around a cutting edge credit/compliance and valuation engine that is updated in real-time throughout the day by credit underwriters, valuation specialists and managers, and is easily accessible through a secure web portal. 406’s common interface provides a mechanism for all users to access critical information in a timely fashion, and the system simultaneously offers top-level monitoring screens and the ability to quickly drill down to loan-level data.
Notable features of the 406 technology platform include:
- Secure, web-based portal.
- Real-time interface that is updated throughout the day.
- Deal Console to monitor deal status at a glance.
- Acquisition Calendar to track the deal pipeline.
- Intuitive and user-friendly interface to drill down to loan-level data.
- Built on industry-proven Microsoft .NET and SQL Server Platform
- Finely-tuned, role-based security model provides differing and flexible permissions for many user types.
- Central Database that can process various data input files and produce a variety of output files.
Unified Operational Process
The most salient obstacle in evaluating and managing credit risk is the fragmented nature of the market. In most cases, the origination side of the business is disconnected from the sales/securitization which in turn is disconnected from the REO/Disposition side. 406’s answer to this challenge is the concept of creating a Unified Operational Process that captures data from all sources (from Time Zero to REO Disposition) in a central repository. The resultant data, accessible by all users of the repository, creates efficiencies in every business activity conducted by 406 Partners.
