How does the SMART technology work?

• SMART aggregates the lending guidelines of the major mortgage lenders in the country, as well as Fannie Mae and Freddie Mac and FHA insured loans, thereby reflecting the mortgage capital markets and current market conditions.
• Reflects the current market conditions and lending standards.
• Provides a daily snapshot of the broad mortgage market.

• SMART acts as an optimization agent for any mortgage portfolio by analyzing each individual mortgage in a unique “bottoms up” approach.
• Optimizes how individual loans can be adjusted to meet current underwriting standards and be eligible for re-underwriting.
• Delinquent loans are analyzed separately.

• Provides a valuation to the entire portfolio using:
• The transaction costs to re-underwrite the loans in a given portfolio, including balance shortfall conversion options for over-equity loans.
• The risk in the portfolio based current and predictive default and loss severity rates.
• An overall value based on desired ROI rates for investors looking to purchase distressed mortgage portfolios.