Extensive Covered Bond Functionality Now Available in mortgageHUB

As a part of the mortgageHUB 2015-R1 release, available to clients on March 12, 2015, TAO Solutions is pleased to announce the inclusion of extensive covered bond functionality. This represents a major milestone for the mortgageHUB product and will greatly assist issuing institutions with both their contractual and legislative programs. Covered bond capabilities are being…

LLM and CPR Prepayment Models Added to mortgageHUB

TAO Solutions is pleased to announce the addition of two new prepayment models to both its loan and pool cash flow engines.   The two new methods supported are Linear Liquidation Model (LLM) and Constant Prepayment Rate (CPR). LLM was implemented by the Investment Industry Association of Canada (IIAC) in November 2014 and is meant to…

Revised NHA MBS Fee Support in mortgageHUB

In Advice No. 10 posted in the “Advice to Approved Issuers” section on CMHC’s website on December 1, 2014, CMHC details changes to NHA MBS Guarantee Fees for all approved issuers taking effect in April 2015. The new fee structure includes increased basis point fee amounts that are segmented by both pool term and issuer…

TAO Solutions Release Updates for NHA MBS Program Changes

TAO Solutions is pleased to announce the releases of updated versions of mortgageHUB and PoolMaker/Pool Manager to support changes to the CMHC NHA MBS program mandated for implementation on November 1st, 2014. Clients will be provided with documentation which provides step-by-step instructions for implementing the features described below. NHA MBS indemnity calculation mortgageHUB now features an…

mortgageHUB & secureHUB 2014/2015 Product Roadmap Released

TAO Solutions is proud to release the highlights of both the mortgageHUB & secureHUB roadmap for 2014/2015. After scanning the industry and listening to the needs of our clients, TAO Solutions has developed critical enhancements and functionality to its leading structured finance software solutions. These new core-product features to our flagship mortgage funding and portfolio…

TAO Solutions Confirms Support for Recently Announced NHA MBS Program Amendments

On May 15th, 2014, CMHC announced the following changes to the NHA MBS program: Standardization of the calculation methodology for indemnity amounts due to investors; Changes to loan eligibility requirements for 965 pools; Enhancements to the 2834 form (Information Circular). As detailed in the respective advices, these changes are mandated for implementation on November 1st, 2014. TAO…

TAO Announces Termination of Windows XP Support

As previously announced, Microsoft will officially end support for all versions of Windows XP and Office 2003 on April 8, 2014. Because of this situation, TAO Solutions will be terminating support of certain versions of mortgageHUB interacting with these technologies as of July 1, 2014. Clients still utilizing these end-of-life technologies are advised to migrate off…