Tuesday, March 22, 2011

Morningstar unit launches practice to evaluate mortgage servicers

Real estate analytics firm Realpoint is launching a new operational risk assessment unit to evaluate the performance of mortgage servicers.

The new practice is part of Realpoint's credit rating business and will broaden the Horsham, Pa.-based company's analytical scope, according to Chief Executive Officer Robert Dobilas.

"We can now enhance our transaction-level ratings and analysis of mortgage-backed securities with a comprehensive assessment of the operational risk of the parties to the securitization process," Dobilas commented.

Mike Gutierrez recently joined Realpoint's parent company, Morningstar Inc., to head up this initiative. Morningstar acquired Realpoint in May 2010 in $42 million cash transaction.

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