Primatics Evolv Risk
Analyze Risk Easily and Affordably
Put Enterprise-Grade Analytics to Work for You
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Finally- Enterprise Grade Analytics for the Middle Market
Today’s environment of declining home prices and the resulting rise in mortgage defaults makes it extremely challenging for small- or mid-size banks to manage risks associated with mortgages and home equity products.
But it’s also vital to manage those risks and now you can.
Evolv Risk is the first and only web-based risk management platform that provides risk management as a service to banks, mortgage insurers, GSE's, hedge funds and private equity firms.
The platform supports all types of mortgage products, and can also be utilized for credit card, multifamily housing and revolving home equity products. Evolv Risk is used to value loan portfolios, and distressed loan inventory in particular. In addition, Evolv Risk can also be used for risk management and segmentation of loans for best execution analysis.
Evolv Risk is currently processing more than $22 billion in mortgages and home equity products through its analytical platform.
What makes Evolv Risk different?
- The web-based application is secure, cost-effective, easily deployed, and easily updated.
- The scalable system can handle a large volume of assets at a significant price advantage.
- Sophisticated models easily integrate with internally developed models.
- Quality assurance can be managed and performed on loan-level data.
- Cashflows and drill-down reporting are easily accessible.
Technology that simplifies processing and saves money
The technology challenges and costs associated with installing risk systems make it difficult for banks to find quality risk management capabilities at the right price point. Evolv Risk is the only platform that’s web based and provides transaction-based pricing that requires no upfront investment or service commitment.
Evolv Risk uses a state-of-the-art, on-demand cloud computing framework that employs outsourced infrastructure to process complex models. This reduces both the execution timeframes and the costs associated with running complex models.
The traditional client/server model used by other risk management solutions is inflexible and expensive to maintain. Evolv Risk’s web solution increases convenience and reduces overall costs. Evolv Risk is the only risk management product than can effectively manage large numbers of users and simulations via a web interface.
An investment in credit risk management for mortgage loans and securities is significant and for small- and medium-sized banks, it’s cost prohibitive.
A typical investment in a risk platform can cost around $1.5 million
- A typical credit model license averages $200,000 a year.
- Costs to install and run data through the model can reach $400,000 a year.
- Infrastructure costs can be exorbitant, and procurement costs can easily surpass $80,000.
- Data reporting and drill-down functionality using business intelligence tools can costs as much as $400,000.
