Securitization is the final product of most SBA collateral sold in the secondary market.  The GLS Pooling Analysis Model incorporates powerful tools aimed at providing the optimum mix of that collateral on-the fly, over any scenario based on accurate, detailed, and customizable data inputs and functions.  The GLS Pooling Analysis Model offers the Pool Assembler with all the necessary tools to meet their investor’s needs while maximizing their profitability.

Key Functionality of the GLS Pooling Analysis Model

  • Build pools using client’s loan data (handles any volume of loans seamlessly)
  • Filters loans for pool eligibility using SBA & Colson standards
  • Profitability based on total cost to securitize including fees
  • Accommodates real time changes to pool specs for fast client response
  • Creates loan and pool offering sheets as well as loan level detail sheets for pools
  • Creates 12 user defined “what if” scenarios for every pool created
    • Quickly identify best execution opportunities with limited trial and error
  • Identifies IO value on a loan and pool level
    • Valuations based on our proprietary MTM modeling
    • Assists with SOX and FASB compliance
  • Ability to add/drop loans on a loan-by-loan or criteria basis
  • Values pool using either fixed or vectored CPR curves
  • Values pool using premium risk spread discounting
  • Incorporates custom pool parameters such as:
    • Min/Max maturity
    • Min/Max coupon
    • State specific filters
    • Min/Max loan age
    • Bottom-up or top-down margin analysis
  • Can calculate yields based on price or spread to Libor
  • Incorporates commissions paid into pool profitability
  • Output includes the following analysis:
    • Mortgage and Bond Equivalent yields
    • Beem
    • Gross WAC
    • Total qualifying loan count
    • Original term
    • Loan WAM
    • Pool WAL and duration
    • Pool WALA
    • Weighted average strip coupon and loan net margin
    • IO cost and book values
    • IO net present value