October 23, 2008

Middleburg Heights, Oh.-based Associated Software Consultants, Inc. (ASC) has released the latest version of its PowerSeller Secondary Marketing and Risk Management System. The system is an enhanced technology solution designed to manage secondary market activities.

The PowerSeller version 5.8 streamlines marketing and operations and facilitates better communication among all stakeholders. PowerSeller 5.8 enhancements include: new pricing-model tracking capabilities, additional risk management reports, optimized e-mail options, streamlined best-efforts-commitments handling and communication and reporting enhancements. The integration of pricing models into PowerSeller's mark-to-market and best-execution analyses helps those selling to investors with assignments of trade (AOTs), direct trades and co-issues. And, the cash grids feature has been streamlined to give lenders another tool to quickly make decisions.

PowerSeller 5.8 also delivers PowerSeller GPS, a focused set of capabilities designed to help small to mid-tier mortgage bankers and brokers achieve better execution as they sell loans via best efforts. PowerSeller GPS enables mortgage bankers and brokers to grow secondary marketing profits by increasing efficiencies and delivering sizable cost savings. By maximizing process efficiency, PowerSeller GPS prepares lenders to move toward mandatory execution. It gathers the data required for determining the potential costs and benefits of converting a product line from best efforts to a mandatory trading model. Collection of that data allows for a seamless transition into the more robust features of PowerSeller 5.8 as soon as users are ready.

PowerSeller 5.8 introduces several new risk-management reports including a position summary reconciliation, a cost of hedging report and a cross-hedge-ratio report. The new reports facilitate more-informed hedging decisions by providing a better understanding of the daily fluctuations of the lender's position. Lenders can now e-mail all reports to individuals or groups directly or via a macro command.