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Financial Technology Office™ for Servicers

Controlled and efficient business intelligence

In the world of a servicer, controlled and auditable reporting in an operationally efficient environment is the name of the game. Proprietary tools such as spreadsheets, while familiar, leave much to be desired in terms of functionality, controls and auditability. The ideal solution is a relational database that easily handles a high volume of data, interfaces with multiple host systems, is configurable by the business user that understands the deals and provides a clear audit trail. The Financial Technology Office solutions from Deloitte provide all these benefits and more. Backed by a Deloitte team of dedicated securitization operations and technology professionals with decades of experience, their knowledge is something you can count on.

ABS Suite™

For nearly three decades — and now more than ever — ABS Suite™ has been the solution of choice for asset-backed issuers around the world. With its dominant position in the credit card space and explosive growth in the auto-related, equipment finance and mortgage industries, ABS Suite™ provides operational efficiency, compliance, controls and robust analytic capabilities valuable to issuers, servicers and trustees. In the back office, ABS Suite™ administers the ongoing portfolio performance tracking, investor and management reporting and accounting. In the front office, the Pool Selection module provides rich functionality for selecting and optimizing asset selection and prospectus disclosures. The forecasting modules perform what-if analysis and valuation by applying portfolio performance assumptions to the existing deal structures. Most important, ABS Suite™ is backed by a dedicated team of seasoned securitization professionals.

Key features include:

  • Clear box design for an easy-to-follow audit trail
  • Enhanced user interface, including visual definition of custom calculations, deal rules and waterfall allocations
  • Flexible data exchange module allows for interface with multiple and diverse receivables servicing systems
  • Centralized repository of collateral data across asset classes in a relational database platform
  • Custom collateral calculations definition for account-level receivables activity processing
  • Reporting functionality that allows for data export to industry-standard tools such as Microsoft Excel, and industry-specific media such as HTML for Edgar filing and Web posting
  • Automated interface to general ledger and cash management systems
  • Scheduling of processes to run unattended
  • Security and user access, including change control and multi-level review and approval processes

Solvas|Portfolio™ and Solvas|Compliance™

Remaining the dominant collateralized loan/debt obligation (CLO/CDO) administration technology for the asset management and trustee market, Solvas|Portfolio and Solvas|Compliance (formerly known as CDO Suite™) have evolved into a comprehensive software for the asset management and financial institution community. The Solvas solutions set includes a diverse portfolio administration, collateral tracking, reporting as well as compliance tools used by a large array of financial institutions. These include hedge fund managers and servicers, syndicated loan administrative agents, asset management and servicing firms and trustee banks.

Asset administration and compliance made easy

For over a decade, Solvas|Portfolio has led the industry in user-friendly asset administration and compliance software. Supporting a large array of asset types, including syndicated bank loans, bonds, asset-backed/mortgage-backed securities (ABS/MBS), synthetics and equity, Solvas|Portfolio allows diverse portfolios to be administered on one platform without compromising asset type specific functionality. Utilized with Solvas|Compliance, a rule-based compliance engine, provides the flexibility to accommodate even the most diverse assets and esoteric compliance requirements without custom programming. The result: an easy-to-use, transparent and accurate portfolio administration and compliance system.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting

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