WALTHAM, Massachusetts, October 20 /PRNewswire/ --
- The Global Leader in Securitization Broadens Data Set Coupled with Credit Surveillance Expertise
Lewtan Technologies, Inc., the industry's leading source for asset-backed securities surveillance data, analytics, software, and content for the global securitisation industry, today announced the expansion of a recently formed business unit of credit surveillance experts.
The Credit Surveillance and Data Analysis team is headed by Brad McNamee, vice president of modeling and business analytics. This team emphasizes the commitment that Lewtan has made over the past several years to improve the quality, timeliness and accuracy of the data that is the underlying pillar of our products and services, said Mr. McNamee. Now that Lewtan has reached its target of providing the largest set of asset and mortgage-backed data available anywhere in the industry within 48 hours of its availability, we felt that it was important to couple the data with deep industry expertise.
During the recent credit crisis and market upheaval, Lewtan's ABSNet data has served Lewtan's clients in many ways beyond the surveillance of credit risk. The combination of performance data, powerful analytics and a wealth of related asset-backed securities information provide the needed scrutiny and controls to reduce risks associated with structured finance activities.
In addition to the expansion of the Credit Surveillance team, ABSNet's data is now available in bulk download format. This service provides customers an independent verification mechanism to identify outliers in third party ratings and evaluated prices. Such independent mark-to-market is required under FAS157 and is now more critical than ever as firms look to identify good trading opportunities in distressed debt or to value their holdings. During these turbulent times, customers look to their partners to offer them products and services, as well as education and expertise. The combination of this team and the expansion of Lewtan's products and services are simply a reflection of the depth and breadth of Lewtan's industry expertise. We remain committed to serving the surveillance and transparency needs of the industry and seek to continually provide our customers with world-class products and services, said Ned Myers, CMO and vice president of product strategy.
The Credit Surveillance and Data Analysis team is located primarily in the Waltham office, with several team members also located in the London office. For additional information, please contact Lewtan at +1-781-895-9800, +44-(0)-20-7621 2000 or http://www.lewtan.com.
About Lewtan Technologies
Through offices in North America and Europe, Lewtan Technologies, Inc., offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies representing more than 400 institutions worldwide. The company has twice been named Global Technology Provider of the Year by International Securitisation Report, and it received the Innovation Award and commendations for client service and best-in-class surveillance tool in Money Market's 2007 Securitisation Review Survey Technology Awards. More information is available at http://www.lewtan.com.
Web site: http://www.lewtan.com
Lillian Flores of Lewtan Technologies, Inc., +1-781-672-1175, Lillian.Flores@Lewtan.com
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