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Please NoteWilary Winn LLC and Wilary Winn Risk Management have moved to our new location in the Alliance Bank Center:

Wilary Winn LLC
55 East 5th Street
Suite 1020
Alliance Bank Center
St. Paul, MN 55101

Our phone and fax numbers have not changed.

Servicing Rights

Wilary Winn provides a comprehensive and cost-effective approach to the valuation of mortgage servicing rights (MSRs) for clients located across the country. We run our valuations at the individual loan level, which we strongly believe produces the most accurate results.

Our reports include detailed descriptions of the key valuation assumptions and highlight the changes in the expected value of the MSRs under various market interest rate assumptions, so that our clients understand the potential economic risks and rewards of retaining servicing under different economic conditions.

Our work goes beyond the valuation of the MSRs. We help our clients to identify potential ways to improve the profitability of their servicing operation. For example, we work with our clients to estimate their servicing costs and ancillary revenues, and benchmark these results to the national averages for institutions of comparable size in order to identify areas where costs can be reduced and revenues increased.

We also with work with our clients and their independent auditors to ensure our clients properly account for their MSRs in accordance with Generally Accepted Accounting Principles. For those electing to remain on the amortization method, we work to help them set the FAS 140 risk tranches and identify any required impairment reserves. To minimize the risk of future impairment, we provide these clients with the values they can use to initially record the MSRs and help them determine the proper method for amortization. Please call us if you would like to see a demo of our "accounting basis roll-forward file."

Clients electing to use the fair value method of accounting utilize our reports to help them ensure they are properly accounting for the MSR asset. We note that our reports include the information required to comply with the expanded disclosure requirements of FAS 156 and 157.

© 2004 Wilary Winn LLC, All rights reserved.