Structured Finance Workstation for Underwriters
SFW Underwriter is a comprehensive, fully integrated modeling tool for all ABS and MBS transactions.
SFW Underwriter undertakes the entire deal structuring process from the loading of the collateral information to the slicing and dicing of collateral cashflows into an optimal liability structure, the running of complex cashflow analytics and the production of the corresponding reports which investors and other interested parties require. These can then be automatically published via a secure, customized website via ABScalc.
All ABS / MBS asset classes can be modeled in SFW Underwriter including:
- Whole loans
- Sub prime
- Home equity / HELOC
- Manufactured housing
- CMBS
- Auto loans / leases
- Student loans
- Equipment leases
- Credit cards
- Resecuritizations
- Agency pools
Structuring Features
SFW Underwriter been used to underwrite hundreds of billions of dollars of MBS and ABS.
- Easy to use interface
- Tape cracking
- Collateral stratification
- Loan bucketing
- Average life targeting
- Price, yield, coupon solver
- Floater/inverse floater splitter
- IO / PO strip sizing
- Z-bond creator
- Pac finder
- Breakeven loan pricing
- First loss calculator / yield solver
- Structuring templates
- Powerful scripting language
Analytics
SFW Underwriter provides a complete toolkit of integrated analytics.
- Price/yield tables
- Sensitivity analysis
- Horizon total rate of returns
- Bivariate grids
- Scalar and vector prepayment/default rates
- Loan specific assumptions
- Property level analysis
- User-defined models
- Profitability analysis
- Fee and strip valuations
Reporting
SFW Underwriter includes a comprehensive reporting package
- Hundreds of customized reports
- Presentation quality 3-D graphics
- Copy and paste into Windows applications
- Deal summary and profitability reports
- Graph bond and collateral cashflows
