Clear Capital Quick to Embrace New Standardized Loan Identification Code
Premiere Provider of Collateral Valuation for Residential Mortgage Backed Securities Now ASF LINC™ Compliant
Truckee, Calif. – Jan. 4, 2010 – Clear Capital (www.clearcapital.com), a data and solutions leader for real estate asset valuation, investment and risk assessment, today announced the company has updated its systems to accept the American Securitization Forum Loan Identification Number Code (ASF LINC™)—a new standardized universal code that creates greater data transparency at the collateral level. ASF LINC, jointly developed by ASF and Standard & Poor’s Fixed Income Risk Management Services (FIRMS), is designed to identify crucial information about individual loans that are securitized in the mortgage- and asset-backed securities markets.
Clear Capital’s use of the most progressive technology available and its speed-to-service mindset enables the Company to respond quickly to industry needs such as integrating ASF LINC data into its systems. “We’re eager to work with the industry to help facilitate a new generation of more transparent reference data for origination and securitization models,” said Kevin Marshall, Clear Capital President. “We strive every day to offer deeper levels of transparency at the loan level while providing intelligent valuation solutions for residential mortgage backed securities.”
The sixteen-digit ASF LINC captures the loan type, origination date and country of origin, as well as randomized alphanumeric data, to create a unique ID for a wide range of loans that may be pooled and sold into the capital markets.
A sample of the code can be found at the ASF website:
About ClearCapital.com, Inc. (“Clear Capital”)
Clear Capital (www.clearcapital.com) is a premium provider of data and solutions for real estate asset valuation and risk assessment for large financial services companies. Our products include appraisals, broker price opinions, property condition inspections, value reconciliations, and home data indices. Clear Capital’s combination of progressive technology, high caliber in-house staff and a well-trained network of more than 40,000 field experts sets a new standard for accurate, up-to-date and well documented valuation data and assessments. The Company’s customers include 75 percent of the largest U.S. banks, investment firms and other financial organizations.