Banking

The Parson Mortgage Planning Accelerator


Built on the power of IBM Cognos 8 BI and IBM Cognos 8 Planning, the Parson Mortgage Planning Accelerator is a tool that allows lenders to recognize warning signs, understand key business drivers, and proactively control risk. Instead of a confusing array of contradictory spreadsheets, the Accelerator provides the means of consolidating data into a single, accurate, auditable workflow as a basis for planning, analysis, and performance improvement.

Using the Accelerator, mortgage lenders can create an income and balance sheet that incorporates all the major inputs that affect the business:

  • Yield curve and interest rate fluctuations for prime, LIBOR, federal funds, and other rates.
  • Product life and attributes assumptions such as defaults, losses, prepayment, aging, and cures.
  • Loan lifecycle assumptions and decisions including loan origination volumes, spreads, and repurchases.
  • Securitization inputs, such as points and fees, premiums, and costs associated with gains on sales.
  • Servicing assumptions, such as revenue and retention.

Parson Consulting has been supplying innovative banks and financial institutions with solutions for better performance management, predictability, and profitability for over 15 years. With all of the top 10 banks in the US choosing Cognos to power their performance management systems, you are in good company when you invest in Cognos performance management solutions. The combination of Parson expertise in financial services management and Cognos performance management solutions provide a strategy for addressing the relationship between people, processes, and technology in the lending industry.

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