Trepp Launches CECL Benchmarks Tool to Help Banks Strengthen CECL Analysis
NEW YORK (PRWEB) September 11, 2018 -- Trepp, LLC, the leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, announced today it has launched CECL (Current Expected Credit Loss) Benchmarks™, a solution designed to bridge the gap for banks in search of data to estimate and justify their reserves under CECL.
“The breadth and depth of data required to estimate and justify reserves under CECL are much greater than what most banks have available,” said Russell Hughes, Trepp VP and Banking Product Manager. “Trepp has stepped up to deliver CECL Benchmarks™, a CRE data solution that provides customers with easy access to 20+ years of historical data from the highest quality CRE loan data set available.”
Built from Trepp’s CMBS data feed – the de facto gold standard in quality for CRE loan data – Benchmarks™ allows users to leverage data to establish loss rates for mean reversion, validate model output or justify qualitative adjustment. With a user-friendly and intuitive interface, banks can quickly sort, aggregate, view, and download historical lifetime loss rates for CRE loans across a range of loan attributes and credit profiles. Users can easily export the results into Excel for integration with their broader CECL process.
“This tool is extremely valuable to institutions with limited internal loan loss data to effectively perform CECL analysis,” Hughes added. “Benchmarks™' seamless interface eliminates the need for data scientists to slice and dice large data sets. Instead, this product allows them to spend their time doing what really matters: finding where their portfolio outperforms and underperforms benchmarks.”
Trepp CECL Benchmarks™ is a data module delivered through the Trepp Default Model™, a web-based platform that enables banks to forecast commercial real estate loan Probability of Default (PD), Loss Given Default LGD), and Expected Loss (EL) at the loan and portfolio levels. For more information on Trepp CECL Benchmarks, visit our website: https://www.trepp.com/products/bank/trepp-cecl-benchmarks.
About Trepp
Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. From its offices in New York, San Francisco and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.
Sean Barrie, Trepp, http://www.trepp.com, +1 212-754-1010, [email protected]
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