Level1Loans Price Index:
Providing a central repository for valuing non-Agency, nonconforming loans.
Level1Loans Price Index (“LPI”) provides valuation and price indications primarily focused on non-Agency and nonconforming loan products. LPI will aid lenders in determining fair market value, as defined by the recent FAS 157 accounting regulation, for loan portfolios held for sale or investment.
LPI compiles pricing data from approximately 20 major investors who publish eligibility and pricing guidelines for newly originated loans. Eligibility guidelines and pricing information are maintained daily through the combined services of AllRegs and Mortech’s Marksman pricing engine. LPI checks eligibility and prices thousands of different loans every day to determine real-time benchmark prices for a large number of loan types with a variety of credit characteristics.
Level 1 Loans offers a complimentary 2 week trial of the LPI Service allowing users to receive daily, weekly, or monthly price indications for popular products coupled with the ability to quickly access more detailed pricing for non-standard products.