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Mavent Inc.
 Products & Services /CRAX Solution
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CRAX Solution

Overview

This front-end solution places real-time emphasis on managing origination and purchasing decisions of CRA or GSE housing goal requirements.

By identifying and measuring both a client's and its counterparties' progress towards meeting its CRA goals, clients can realize significant cost savings and improved profitability through premiums at secondary market execution. Loans that fulfill these requirements are referred to here as "Qualifying Loans".

Benefits

Mavent's CRAx Solution:

  • Eliminates costly end-of-year bulk purchases of Qualifying Loans.
  • Reduces expenses associated with costly year-end accounting and CRA reporting.
  • Identifies loans that can be pooled and sold at a premium because they meet the CRA or housing goal requirements of secondary market counterparties.

Features

Mavent’s CRAx Solution includes geocoding and median income comparisons for each loan record. Client's can modify in real-time their Assessment Profile down to a specific Tract or MSA, as well as set percentage thresholds against current median incomes.

 

Existing Mavent clients can benefit from turn-key integration through leveraging Mavent's existing file format and its integration points either through web service, batch upload or user interface.

 

Assessment Profile Definition

Assign specific criteria for each Assessment Profile down to a specific Tract or MSA level.

Management of Multiple Assessment Profiles

Create and manage multiple Assessment Profiles- for you, your clients and your potential investors. Measure the progress of each by attributing an active or inactive status according to each profile’s current approved counterparty and quota levels.


Clear Identification of Qualifying Loans

Easily review individual loan files against your active assessment profiles. Qualifying Loans that meet CRA or GSE housing goal requirements are clearly identified by the system and specific Assessment Profiles are flagged with an eligible or ineligible status.


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