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1010data to offer Lewtan loan data

08 July 2009  |  1264 views  |  0 Source: Lewtan Technologies

Lewtan Technologies, provider of ABSNet and ABSNet Loan, the industry's leading source for asset-backed securities surveillance data, analytics, software and content for the global securitization industry, today announced that 1010data, a provider of the leading analytics platform delivered over the Web for the mortgage and asset-backed securities industries, will offer ABSNet Loan data to their customers.

"Our decision to provide investors and other securitization market professionals access to ABSNet Loan data through the hosted 1010data offering was an easy one. The flexibility and data processing power that 1010data provides allows us to reach the most sophisticated analysts." said Ned Myers, chief marketing officer of Lewtan. "With the continued instability of both the housing and securitization markets, making loan level data available through as many avenues as possible was very important to us. 1010Data brings a wealth of technology and mortgage experience."

For almost a decade 1010data has provided a Business Intelligence Service that includes data analytics and warehousing services. As current business environments are experiencing constantly increasing data volumes, 1010data's customers understand that their scalability ensures end-user performance and will not be compromised as the data will never outgrow the platform.

"We are pleased to offer ABSNet loan level data for our mutual customers," said Greg Munves, vice president of 1010data. "Lewtan's recently launched loan product provides investors with another source of data for more robust quantitative analysis. Providing our customers the most complete U.S. RMBS data available during these challenging market times just made great sense."

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