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Lewtan Technologies introduces ABS Discloser -- improving deal marketability for Issuers |
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Web solution provides Investors with transparent access to detailed ABS/MBS deal data |
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Contact: |
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George Henman Lewtan Technologies, Inc. 781-895-9800 www.lewtan.com |
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October 12, 2004 Waltham, MA - Lewtan Technologies, the leading provider of information and technology solutions to the global asset securitization industry, today announced the introduction of ABS Discloser, Lewtan's proprietary application offering issuers of asset-backed securities improved deal transparency and marketability. Formerly known as Issuer Web Solutions, Lewtan has re-branded the product to more accurately reflect the value to both the issuer and investor communities. ABS Discloser is part of a growing set of cutting-edge products, including the industry-leading ABS surveillance database, ABSNet, as well as Issuer Suite, the industry’s most robust tool for managing all aspects of a securitization program. Custom developed and hosted for issuers, ABS Discloser sites utilize proven web-based technology and provide greater insight to the investor community, maximizing the number of potential investors while providing timely, accurate data. Lewtan’s ABS Discloser client base includes leading ABS/MBS issuers such as Ameriquest Mortgage, Chase Mortgage, Impac Funding, and New Century Financial. “We are very pleased to have nearly fifteen clients on our growing list of issuers who understand the advantages of providing transparency to investors and other market participants,” said Stuart Lewtan, CEO of Lewtan Technologies. “Dissemination of detailed ABS/MBS information helps to strengthen relationships with existing investors and attract new ones, while keeping issuers ahead of potential new SEC ABS rules.” With growing pressure from the market and the SEC for availability of both aggregate and static pool data to investors, ABS Discloser is now equipped to handle Static Pool Analysis. This functionality reveals how delinquencies, losses and prepayments develop over time for a discrete group of loans. The application provides a dynamic capability to drill down into different aggregations of loan-level data and view statistics based on user-defined parameters. ABS Discloser sites also help issuers track credit performance over time and identify risk areas within each pool of actively serviced assets. Controlled dissemination of detailed performance data minimizes funding costs while maximizing returns from securitization. About Lewtan Technologies Founded in 1986, Lewtan Technologies is the leading provider of workflow solutions to the global asset securitization industry. Lewtan entered the nascent ABS marketplace with the first automated reporting system for issuers. Today more than 200 institutions rely on Lewtan Technologies’ solutions. In 1999, working in partnership with industry leaders including S&P, Fitch, and Banc One, Lewtan launched ABSNet, the industry’s leading source for ABS intelligence and surveillance. In 2001 with Deutsche Bank Corporate Trust and Agency Services, Lewtan launched iCDO, the industry’s only full-service, Web-based CDO management and administration system. Additional information available at www.lewtan.com www.ABSNet.net |
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