AFT Rolls Out Modeling Tool

Dealing With Technology - January 2007

Applied Financial Technology (AFT) has released a modeling product that allows mortgage-backed securities traders to more accurately predict mortgage defaults. The technology solution allows for a more granular and realistic default model that analyzes portfolio performance for potential risky trades, says Michael Bykhovsky, founder, president and CEO of AFT. The platform integrates data about the loan, the borrower, and the historical and projected home price appreciation index to provide accurate outputs by expected population densities in multiple delinquency states.