Incorporate clarity into your mortgage credit risk investment through Freddie Mac.
Banking Tech Awards USA 2022 Winners: Freddie Mac Best Finance Initiative UX / CX
As a major seller of mortgage credit risk, Freddie Mac House Through the award-winning Clarity Data Intelligence platform, you can easily access vast amounts of published data.
Clarity provides transparency across Freddie Mac STACR (Structured Agency Credit Risk) and ACIS (Agency Credit Insurance Structure) transaction collateral and performance data. Its Credit Risk Transfer (CRT) dashboard contains records of approximately 450 million transactions and loans with up to 88 variables.
In addition, Clarity allows users to analyze single-family loan-level datasets, a database containing over 1.5 billion performance records for approximately 43 million loans.
Adapting to a changing environment
Launched in 2019, Clarity faced the greatest challenges just a year after the COVID-19 pandemic nearly closed the US economy and disrupted the market. Investors in the capital markets sector, especially those investing in credit risk, have a growing need for loan performance, grace and data transparency on the mortgage market.
Based on these end-user needs, in an ongoing effort to provide important insights into pandemic-affected loans, Freddie Mac has several supplementary features in Clarity Data Intelligence 2.0: We have released an extension.
- Cumulative performance trading dashboard. Both the percentage of outstanding principal balance (UPB) and the UPB dollar provide the characteristics of a monthly cumulative performance loan.
- A performance chart that tracks performance data for CRT transactions over the last 24 months. Organize loan delinquency status (D60 +, D90 +, D120 +, D180 +, total), total delinquency, delinquency delinquency, and payment deferral by percentage or dollar.
- A disaster matrix dashboard that allows you to compare recovery and migration between major natural disasters and the COVID-19 pandemic.
- CRT Investor Participation dashboard. This allows users to evaluate the CRT market by displaying the type of investor and the unique number of investors per year or transaction.
- Additional filters and views added to the dashboard. This gives users more options for monitoring and tracking loan transitions in delinquency and loss mitigation status.
- Download CRT loan level disclosure data that integrates CRT datasets previously hosted on external sites. Makes files easily accessible to end users and adjusts transaction names, losses, transaction and disclosure types, offers, and downloads throughout the series, including transaction-level filters. ..
Recent enhancements driven by user feedback have allowed Freddie Mac to optimize clarity for CRT investors and stakeholders. Clarity 2.0 dramatically improves the platform user experience in the following ways:
- Allows users to perform multiple tasks (such as comparing CRT transactions and benchmarks) in a single space.
- Integrate relevant content and commentary to gain insight into Freddie Mac’s unique CRT program.
- It provides guides, tips, and easier navigation across platforms on any device.
Additional features and ease of use provided by Clarity 2.0 include:
- A new look and design backed by an improved digital infrastructure.
- Featured insights section that provides up-to-date research and unique CRT insights and analysis.
- The quick access navigation menu allows users to access the required data dashboard with a single click from the new streamlined home page.
- User guides and glossaries help users navigate the features of the site better and understand the metrics.
- CRT Deal Compare allows users to compare multiple CRT transactions or benchmarks across 6 categories on a single screen (options include origination, FICO & DTI, delinquency, cumulative loss, paydown test, tranche). increase).
- Dynamic Dashboards All new and existing data dashboards are easy to understand by displaying charts and tables in one view.
Measure our success
The success and measurable impact of Clarity 2.0 is a testament to Freddie Mac’s commitment to providing data transparency to the CRT community through an intelligent platform built on the needs and wants of platform users. Since the update, Clarity 2.0 has confirmed the following:
- Clarity Data Intelligence users increased by 111%.
- Clarity data intelligence sessions increased by 96%.
- Mobile (phone / tablet) sessions increased by 64%.
- Approximately 30,000 page views.When
- International sessions increased by 6%.
For more information on Clarity, please visit the following URL: Clarity.freddiemac.com
Charlotte Gladwin, Director of Credit Risk Transfer at Freddie Mac
