Independent Research Firm Features LoanInsights SMART Platform in Latest "Hot Banking Tech Companies To Watch In 2009:

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Wed Jun 24, 2009 4:57pm EDT

  SAN FRANCISCO, CA, Jun 24 (MARKET WIRE) -- 
LoanInsights, a San Francisco-based financial services and technology
company, today announced that Forrester Research features the
LoanInsights SMART (Securitized Mortgage Asset Resolution Tool) platform
in the June 2009 "Hot Banking Tech Companies To Watch In 2009: Q2 Update"
report.

    The newly launched LoanInsights SMART enables banks, hedge funds and
investors to accurately and efficiently value large pools of Residential
Mortgage Backed Securities (RMBS), helping them to increase liquidity and
returns, while reducing risk.

    Written by Ellen Carney, Forrester's Senior Analyst, the "Hot Banking Tech
Companies To Watch In 2009: Q2 Update" report, states, "LoanInsights is
addressing the pricing of assets that underlie trillions of dollars worth
of mortgage backed securities (MBS)." The full report is posted at
http://www.loaninsightssmart.com/files/Hot%20Companies%20Update.pdf.

    In assessing the MBS issue, Carney wrote, "When valuations and credit
collapsed, investors, regulators, and agencies such as the Federal Deposit
Insurance Corporation (FDIC) and Federal Reserve needed to answer two big
valuation questions: how should these assets be carried on bank balance
sheets and how much can they be sold for in the open market? Because the
current value of the MBS is derived from the current value of the property
and what can be underwritten in today's lending environment, solutions
like LoanInsights SMART bring the transparency needed to produce an
accurate value to what's now charmingly referred to as 'toxic assets.'"

    "We are very gratified to be one of just a small group of technology
providers to be selected by the leading independent industry analyst
Forrester Research for its influential 'Hot Banking Tech Companies To
Watch In 2009: Q2 Update' report," said Jonathan Strike, President and
Co-Founder of LoanInsights. "Our SMART platform is gaining increasing
industry recognition by providing an important and powerful solution to
the serious problem of valuing the billions of dollars in distressed
assets that continue to impede the much needed recovery of the financial
system."

    In the report, Carney provides details on the SMART solution: "SMART works
by aggregating the lending guidelines of both big mortgage lenders and the
loans that government agencies insure in order to assess the current
mortgage market. SMART then takes a bottoms up approach in assessing how
loans in a portfolio can be underwritten to produce an overall valuation
of the mortgage portfolio."

    The Forrester report also states: "SMART accelerates the mortgage
modification and workout process by finding the underlying property
addresses and borrowers in an MBS securitization and providing investors
and lenders with the most current property valuations."

    Proven Track Record

    The LoanInsights team has been working for the past twelve months with
investor groups, including hedge funds and private investors, to test the
SMART process and technology platform in Beta mode. During this time, the
investors realized an unleveraged annual return on equity in excess of 30%
on those portfolios analyzed and liquidated through the SMART platform. In
addition, the homeowners who were part of the program refinanced into
lower, fixed-rate mortgages, and in some cases actually reduced their
overall mortgage balances.

    About LoanInsights

    LoanInsights was launched in 2007 by a team of highly skilled technology,
financial and real estate professionals. Created originally as an online
custom search portal to help consumers find the best possible home
mortgage for their particular circumstances, LoanInsights expanded its
business model in light of the economic turmoil in the mortgage and
related securities markets. The company has leveraged its existing
patent-pending software technology and financial expertise to launch
LoanInsights SMART (Securitized Mortgage Asset Resolution Tool), which
allows the analysis of large securitizations of mortgages and Whole Loans
to help financial investors (and others) objectively and accurately value
and arbitrage distressed mortgage assets.

    The company is headquartered in San Francisco and is privately funded. For
more information, visit www.LoanInsightsSmart.com.

    



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