Web-based monitoring system targets requirements for mortgage lenders
Basel II has left many mortgage providers with additional requirements for enhanced and improved tracking of credit rating structures, presenting a challenge to some traditional monitoring systems.
Basel II Advanced IRB approach requires lenders to produce estimates for PD, LGD and EAD yet traditional credit risk or scorecard monitoring systems do not provide the functionality to track these estimates.
To deal with this, DecisionMetrics has released a web-based system to that in addition to providing industry standard scorecard and portfolio monitoring reporting, also allows the Basel estimates and any derived Credit Rating to be tracked in a similar way.
The system also provides other
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