RiskSpan has launched a new credit risk model designed for the expanding nonqualified mortgage (non-QM) market, adding to its existing prepayment modeling tools as investors seek more specialized analytics for the asset class.

The company announced Friday the general availability of Credit Model 7.1, a model built specifically for non-QM loans and delivered through the RiskSpan Platform. The release allows users to analyze loan data and generate cash-flow projections within a single platform, according to the company.

The launch comes as the non-QM securitization market has expanded rapidly in recent years. Morningstar DBRS reported that non-QM residential mortgage-backed securities details ⇒

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