ZAIS Group, LLC Selects TransUnion as Data Provider for Borrower Level Analysis of Its RMBS Portfolio
Proprietary Algorithm Links Updated Credit Information to Aid in Analysis of Securitized Non-Agency Loans
CHICAGO, IL and RED BANK, NJ--(Marketwire - August 11, 2010) - ZAIS Group, LLC, a market leader in distressed asset management, including whole loans and residential mortgage-backed securities (RMBS), has selected TransUnion and its Consumer Risk Indicator product to provide greater insight into borrowers in their mortgage portfolios. The product, drawn from TransUnion's anonymized credit data, is based on industry-leading loan-level securities data from CoreLogic LoanPerformance.
"Now more than ever a transparent and current view inside every mortgage loan is needed throughout the securitization process," said Tim Martin, group vice president in TransUnion's Capital Markets business unit. "While certain areas of the country are improving over others, unemployment, real estate values and the way consumers are now managing their finances will continue to fluctuate, which eventually could impact their credit. This potential impact needs to be captured and accounted for."
With this new product offering, TransUnion provides up-to-date as well as historical credit information for the borrower of each loan, promoting greater transparency and enabling investors to make more informed decisions. The product has been demonstrated to allow significantly more accurate risk assessment than traditional methods that neglect to look at updated credit information. The data provided through the TransUnion Consumer Risk Indicator, while linked to individual loans, is anonymized.
"We are very pleased that, after a thorough evaluation of our product as well as its competition, ZAIS Group, LLC has chosen TransUnion's Consumer Risk Indicators as the best solution for its loan-level credit information needs. We look forward to working with their very capable team to maximize the impact of our data," said James Yao, vice president in TransUnion's Capital Markets business unit.
Now available through 1010data's service, the TransUnion Consumer Risk Indicators for RMBS data can also be provided via direct delivery from the company.
As a global leader in credit information and information management services, TransUnion creates economic and competitive advantages for businesses and consumers. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive solutions that leverage data, advanced analytics and decisioning technology. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. www.transunion.com/business.
About ZAIS Group, LLC
ZAIS Group is a market-leading global credit asset management firm offering a range of investment strategies for institutional and private investors across the mortgage, principal and corporate sectors. With more than 13 years of experience, ZAIS manages approximately $8.9 billion of assets (as of April 2010) and includes a team of 120+ professionals in the United States, Europe and Asia. ZAIS Group is a registered investment advisor with the Securities and Exchange Commission, with subsidiaries registered with the Irish FSRA and United Kingdom FSA. ZAIS' overall objective is to provide their clients with access to the best risk-adjusted returns across the global credit markets. Since its inception, ZAIS Group has exhibited a consistent ability to align the firm's resources and capabilities with the most attractive investment opportunities in credit.
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