Clear Capital Quick to Embrace New Standardized Loan Identification Code
Premiere Provider of Collateral Valuation for Residential Mortgage Backed Securities Now ASF LINC(TM) Compliant
TRUCKEE, CA--(Marketwire - January 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:
http://www.americansecuritization.com/uploadedFiles/ASF_LINC.pdf
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.