Milliman M-PIRe is a turnkey suite of mortgage securitization and mortgage valuation software. M-PIRe includes all the analytical tools and data required to manage mortgage opportunities including whole loans, mortgage servicing rights, & credit risk transfer securities (i.e. CRT bonds and reinsurance).

Milliman M-PIRe is built for mortgage investors, mortgage servicers and reinsurers. For credit risk transfer securities, the mortgage valuation and securitization software include all public cash flow waterfalls for both the capital markets and reinsurance execution. The securitization software includes both historical and forecasts of cash flows under various economic scenarios and simulation percentiles. The securitization software also models securitization structures for private international and domestic mortgage insurance transactions. Milliman M-PIRe also includes cash flow projections for mortgage insurance operations, including premium, loss, and PMIERs capital forecasts.

Milliman M-PIRe is powered by internally developed securitization software and mortgage performance models, offering the ultimate level of customization to meet clients needs. Milliman manages the mortgage performance model, data, and processing underlying the software. Clients access Milliman M-PIRe through a browser-based user interface and can analyze complex transactions and portfolios through interactive point-and-click reports.

Securitization software estimates the performance of a pool of collateral or mortgages, passes the cash flows through a securitization structure, and allocates those payments to investors in the securities. Milliman M-PIRe is a securitization software for mortgage-backed securities.

Mortgage valuation is net present value of cash flows produced from a mortgage asset. The mortgage asset could be a whole loan, mortgage servicing right, mortgage-backed security, credit risk transfer security, or mortgage insurance policy.

Credit risk transfer (CRT) programs are structured financial instruments offered by Freddie Mac and Fannie Mae that transfer the credit risk of mortgages to private market participants. The instruments are offered to capital market investors and reinsurers.

Milliman M-PIRe includes mortgage performance models, mortgage cash flow models, securitization structures, economic forecasts, and browser-based reporting. Each client is assigned a dedicated consultant to their account to assist with platform support and customization.

This means you don’t have to subscribe or pay for licenses to multiple providers. Milliman M-PIRe is both a robust and cost-effective solution for mortgage opportunities.

We update Milliman M-PIRe monthly with new data, enhanced features, and tools that are continuously introduced to enhance the software.

Milliman M-PIRe contains built-in reporting using business intelligence tools. The reports are interactive, allowing for maximum flexibility within the platform. Customized reporting is added upon request and can often be incorporated into the software in a short time frame.

Milliman M-PIRe clients receive an initial training of the software by their dedicated consultant. Training can be delivered either in-person or virtually. Ongoing support is provided by the dedicated consultant and additional training is delivered as needed and is included in the license fee for the software.

Milliman M-PIRe also includes video tutorials walking through the software and features.

We source data from third party providers (e.g. loan performance data is sourced directly from Freddie Mac and Fannie Mae for credit risk transfer securities). For private transactions, data is provided to Milliman through the software or via secure FTP.

All reports in Milliman M-PIRe are interactive, and clients can download the data underlying any portion of the software. Large data transfers, such as monthly collateral and security cash flows for all securities across all economic scenarios, are provided through secure FTP and are included in the license fee of the software.

Milliman M-PIRe valuation and securitization software brings together all required data, models, and securitization structures in one place, delivering a turnkey solution. New clients can be up and running on the software, evaluating the entirety of the credit risk transfer universe, the same day the license agreement is signed.

We specialise in building customised and cost-effective solutions to measure and manage the risks associated with originating credit risk.

Measure and manage the unique risks of originating mortgages while improving servicing efficiency.

Milliman assists clients with compliance-related analytics for both fair lending and quality control reviews.

Our mortgage insurance and lender loan loss reserving framework combine our independence and depth of industry expertise.

We combine actuarial and modelling expertise with capital markets structure analysis to deliver meaningful financial feasibility studies.