MORTGAGE PLATFORM FOR INVESTMENTS & REINSURANCE

Milliman M-PIRe

A comprehensive platform to evaluate mortgage investment opportunities, trends in the market, and portfolio aggregation

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Milliman M-PIRe

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OVERVIEW

A better, faster way to see risk and profitability in the CRT market.

Milliman M-PIRe™ is a flexible web-based tool that provides clients with an automated and controlled process to efficiently evaluate and manage their exposure to the mortgage market. For credit risk transfer opportunities, the platform includes all of the data, models, and reporting tools required for both bonds and insurance exposures. The platform offers clients maximum flexibility and customization to meet their specific needs.

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ADVANTAGES

M-PIRe advantages

Industry-leading customer support

Mortgage models are complex. Our consultants work directly with our client base providing unparalleled assistance with model implementation, analysis, and transparency.

Complete market coverage

Includes all cash flows for both bond and insurance execution for credit risk transfer deals. It also models cash flows for private international and domestic PMI transactions.

End-to-end solution

Brings together all required data, models and cash flows in one place, delivering a turnkey solution. You don’t have to subscribe or pay for licenses to multiple providers.

Data visualization

Accurately and easily displays analyzed data in ways that promote an understanding of risk and sound decision-making.

Mortgage expertise

Our mortgage experts have worked in the mortgage credit risk industry through multiple cycles, including the oil patch crisis in the late 1970s/early 1980s, savings and loan crisis, and Great Recession.

Modules for GSE/MI marketplace

Includes modules designed specifically for reinsurance participants in the GSE/MI mortgage reinsurance marketplace. M-PIRe is not retrofit to serve the credit insurance space like other mortgage model offerings.

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EVALUATION FRAMEWORK

One holistic platform

For one transaction, or for a portfolio of exposures, M-PIRe allows users to perform all the necessary functions required to sufficiently evaluate an opportunity including: detailed collateral reviews, modeling the deal structure, perform deterministic and stochastic scenarios, and monitor risk trends developing within the mortgage market.

M-PIRe Securitization Software, bar graph comparing FICO and Net Loss Rate

Review collateral

Understand seasoning, geographic distribution, and concentration of risk factors

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M-PIRe Securitization Software, bar chart of full trench evolution over transaction time horizon which determines risk

Model collateral & review results

Use proprietary loan-level econometric model to generate performance estimates
Evaluate drivers of risk through deterministic baseline and stress scenarios

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M-Pire Securitization Software, line graph of ultimate premium and loss by collateral loss percentile

Run simulation model & extract structure cash flows

Use M-PIRe’s simulation model to create a stochastic perspective around baseline estimates
Review performance of each tranche/insurance contract within the deal structure

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M-PIRe Securitization Software, view of the Bond Portfolio page, information and exposures and predictive analysis of credit risk.

Aggregate portfolio participation

Reflect transaction participation amounts and correlation to generate portfolio view

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BENEFITS

M-PIRe benefits

Respond to market changes

Data, economics and model estimates are automatically updated monthly so you can easily assess exposures and opportunities.

Avoid pitfalls

Robust model governance processes eliminate human and processing errors.

Bring clarity to stakeholders

Advanced data helps you clearly articulate investment rationale and associated risk to your risk committee, rating agencies, large investors, and board.

Manage complex risks

Includes full stochastic distributions of potential outcomes. Advanced computing methods produce fully correlated stochastic portfolio simulations in minutes.

Maximize limited resources

Builds on proprietary analytics and industry expertise, making it less costly than developing and maintaining an in-house solution.

Join a growing user community

M-PIRe’s user base continues to grow and provide valuable feedback on platform improvements. With our aggressive development road map, new functionality and features are added monthly.

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Consulting

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Related insight

INDEX

Milliman Mortgage Default Index

The MMDI is a lifetime default rate estimate calculated at the loan level for a portfolio of single-family mortgages.

Read the article

PMI quarterly report

Private Mortgage Insurer market trends and highlights

Since 2018, Milliman has been tracking the Private Mortgage Insurer (PMI) New Insurance Written (NIW) landscape and Insurance In Force (IIF) performance to keep our finger on the pulse of the market.

Read the article

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Podcast

Critical Point Episode 26: COVID-19 and the mortgage credit risk market

Listen to the podcast

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Resources

M-PIRe resources

Brochure

M-PIRe brochure

Download PDF

Milliman M-PIRe

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Milliman M-PIRe

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A better, faster way to see risk and profitability in the CRT market.

M-PIRe advantages

Industry-leading customer support

Complete market coverage

End-to-end solution

Data visualization

Mortgage expertise

Modules for GSE/MI marketplace

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One holistic platform

Review collateral

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Model collateral & review results

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Run simulation model & extract structure cash flows

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Aggregate portfolio participation

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M-PIRe benefits

Respond to market changes

Avoid pitfalls

Bring clarity to stakeholders

Manage complex risks

Maximize limited resources

Join a growing user community

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Related services

Mortgage government services

Mortgage

Mortgage compliance

Mortgage valuations and reserving

Mortgage feasibility studies

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Related products

Milliman Mind

Integrate

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Related insight

Milliman Mortgage Default Index

Private Mortgage Insurer market trends and highlights

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Critical Point Episode 26: COVID-19 and the mortgage credit risk market

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M-PIRe resources

M-PIRe brochure

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We’re here to help

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Milliman M-PIRe

Milliman M-PIRe

M-PIRe advantages

Industry-leading customer support

Complete market coverage

End-to-end solution

Data visualization

Mortgage expertise

Modules for GSE/MI marketplace

Review collateral

Model collateral & review results

Run simulation model & extract structure cash flows

Aggregate portfolio participation

M-PIRe benefits

Respond to market changes

Avoid pitfalls

Bring clarity to stakeholders

Manage complex risks

Maximize limited resources

Join a growing user community

Related services

Mortgage government services

Mortgage

Mortgage compliance

Mortgage valuations and reserving

Mortgage feasibility studies

Related products

Milliman Mind