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DACSS |
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DACSS evaluates the attributes of a loan application and the credit quality of a borrower, then assigns alternative documentation and collateral assessment requirements in accordance with Standard & Poor's rating criteria without affecting credit enhancement requirements. This type of holistic, strategically focused view of the lending business is where the future of residential-mortgage technology is headed, and Standard & Poor's revolutionary analytical software tool, DACSS (Documentation and Collateral Scoring System), launched in January of 2002, is the first platform to fulfill the entire panoply of originator needs. Specifically, the LEVELS and DACSS (Document and Collateral Scoring System) models developed and distributed by Standard & Poor's Ratings Services have been designed to quantify the risk of nonconforming mortgages including jumbo, Alt-A, and subprime loans according to current rating criteria (a conforming loan model has been developed but is not yet available for external distribution). |
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