Financial services company New View Advisors has introduced a free online reverse mortgage tool via its website. The “Beyondbond Cash Flow Model” calculates price, yield and discount margins for fixed or adjustable rate Home Equity Conversion Mortgages and HECM-backed mortgage securities.
The tool makes these calculations available through free subscription on New View’s website. Users generate yield tables based on loan file uploads and proprietary, individually tailored inputs.
New View hopes to broaden the tool’s reach to institutional HMBS investors based on its loan-level scope.
Written by Elizabeth EckerPrint Article