BlackBox Logic Wins Mortgage Technology’s ‘Fix-It’ Award

October 13, 2011

Tools

Denver-based firm recognized for opening access to premium mortgage data

DENVER--(BUSINESS WIRE)-- BlackBox Logic, LLC, a Denver-based data aggregation company, is the winner of the 2011 Mortgage Technology “Fix-It” award. The company was recognized this month at a ceremony in Chicago for broadening access to mortgage data through its database of residential mortgage-backed securities (RMBS) loans and a dynamic web-based user interface, Crystal Logic.

Each year, the editorial staff of Mortgage Technology magazine recognizes one company for providing an effective solution to a specific industry problem, need or channel. BlackBox Logic was selected for allowing better access to premium loan-level data to all segments of the RMBS market and providing a deeper dataset with a more flexible and easy-to-use web-based user interface.

“We’re thrilled to be recognized by Mortgage Technology for our efforts to deliver better data across the RMBS industry in more usable formats,” said Larry Barnett, COO of BlackBox Logic. “We are passionate about delivering data that drives better decisions and will continue to work tirelessly on behalf of our clients.”

Mortgage Technology judges pointed to the company’s proprietary platform Crystal Logic, the industry’s first web-based analytics system and search engine for non-agency RMBS. Crystal Logic allows quick, easy access to data on more than 21 million loans and covers more than 90 percent of the U.S. non-agency RMBS market. Users can access data at the loan, deal and industry levels and select any imaginable set of loans from the non-conforming universe. Data is quickly pulled into graphs, tables and reports to help with analysis and other client workflow.

BlackBox Logic will be demoing Crystal Logic at ABS East in Miami Oct. 16 through Oct. 18.

“This is a significant innovation for our industry that has been years in the making,” said Wyck Brown, chief marketing officer for BlackBox Logic. “Investors now have real-time access to an incredible amount of RMBS data, at work or on the road, using a system we believe is faster, more sophisticated and intuitive to use than anything the market has seen.”

The judges also noted that innovation at BlackBox Logic led to a better understanding of RMBS markets among researchers, academics, and regulators.

About BlackBox Logic, LLC (www.bbxlogic.com)

BlackBox Logic, LLC provides RMBS loan-level data aggregation services, analytical reporting, and dynamic analytic software to residential mortgage and capital markets participants including investors, broker/dealers and researchers. BlackBox delivers high quality, comprehensive data that is customized to client environments. BlackBox's unique aggregation, normalization, and cleansing processes transform data into usable business information. BlackBox strives to dramatically improve its customer’s innovation capabilities, risk management methodology, transaction processing, and data management, thereby creating an inherent competitive advantage for mortgage market constituents.

The team at BlackBox is comprised of industry veterans that bring expertise and experience from across the structured finance market. BlackBox Logic is ready to provide you with the data, solutions, and analytics you need on a platform that extends beyond traditional loan-level data services. Headquartered in Denver, BlackBox Logic operates offices in New York and Bethesda, Md.