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SAP Launches App for Monitoring Mortgage Portfolios

New mortgage analyzer is meant to help banks track the health of their mortgage portfolio and adjust to Dodd-Frank reporting rules.

SAP released six new analytics applications today, one of which, Navigator, is designed to help banks analyze mortgage portfolios. Navigator was created with a partner, Cognilytics. "It's for a servicer or an originator to view and track the degradation or improvement of the mortgage loan portfolio, which is something we believe there's a need for in the market, but there hasn't been a lot of capability built around it," says Ted Luchsinger, director of financial services industry marketing at SAP Business Objects. (Part of SAP's announcement today is a new software development toolkit that ISV partners such as Cognilytics can use to build specific applications.)

Navigator can calculate risks inherent in the mortgage portfolio and feed that data into an enterprise risk dashboard, Enterprise Risk Reporting for Banking, that can be used to provide reports and dashboards to various constituents, such as the board of directors or visiting bank examiners.

The software is designed to be deployed in eight to ten weeks.

SAP is "globalizing" these products, making them work in several languages and meeting local codes and rules. SME versions of the software are available with special pricing for small businesses such as community banks.

This new analytics product is part of a broader SAP announcement about its overall business intelligence suite, SAP Business Objects, which has been upgraded to version 4.0. The software suite now has access to real-time, in-memory computing using SAP's High-Performance Analytic Appliance; in the future, banks could use this high-speed data processing capability to analyze large volumes of data, such as customer transactions, to detect things like the signs that a customer might leave. Mobile features, based on the Sybase Unwired Platform, are available to push data out to any device, according to SAP. SAP says the architecture of the 4.0 version has a common infrastructure for business intelligence dashboards and reports and enterprise risk management. A new application called BusinessObjects Information Steward is said to enable users to analyze, monitor and rate data sources for completeness, accuracy and consistency, and to share key performance indicator scorecards. A new event analytics module could be used to identify events such as ATM skimming.

This software can be deployed via Amazon Web Services as well as more traditional software delivery mechanisms.

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