Mobiuss® Portfolio CRE Unites First-Class Market Data, Analytics and Technology to Address Estimated $500 Million Market Opportunity
NEW YORK, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis"), a leading provider of commercial real estate market information and analytical tools, announced today that it has launched a new, web-based credit risk, stress testing and portfolio surveillance platform, Mobiuss® Portfolio CRE, developed in conjunction with Opera Solutions, LLC. Opera Solutions is a leader in "Big Data" science, predictive analytics and technological innovations. Mobiuss® Portfolio CRE is targeted to both debt and equity investors active in U.S. commercial real estate. By some estimates, there are over 7,000 U.S. banks alone that are potential subscribers for the new product, and overall, the commercial real estate data and analytics market may represent a $500 million annual revenue opportunity.
Mobiuss® Portfolio CRE enables clients to quickly and thoroughly assess portfolio risks and opportunities by integrating Reis property, submarket and market data with Opera Solutions' rich analytics and client loan and property information. The solution is delivered in a web-based, visually engaging interface.As a loan-level analysis and surveillance platform, Mobiuss® Portfolio CRE enables property valuation, credit analysis and stress testing, benchmarking and portfolio pricing. This combination of Reis's unmatched commercial real estate market and property data and analytics, with Opera Solutions' domain expertise in credit risk modeling and data science provides commercial real estate investors access to powerful analytics and portfolio transparency in an intuitive, time saving solution. In addition to providing credit default metrics such as expected losses and probabilities of default at the loan and portfolio levels, outputs include forecasted collateral incomes and values for multiple economic scenarios and regulator mandated stress tests. Integrated with Reis's flagship platform, Reis SE , Mobiuss® Portfolio CRE will allow clients to meet regulatory stress testing requirements, set loan loss reserves and monitor their collateral. Reis's CEO, Lloyd Lynford, observed, "The experiences of the last downturn have changed the way that commercial real estate investors, particularly the debt community, measure and monitor risk in their portfolios. Analyzing cash flows, collateral values and default risk at the loan level – from the bottom up – is now considered to be a standard method that can be employed by all institutions. It is the new paradigm in commercial real estate risk analysis and the Mobiuss platform is a state-of-the-art solution to meet those needs."