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Response Analytics Licenses Pledge Management to HomeStreet Bank

SCOTTSDALE, AZ. – Response Analytics Inc., a leading provider of next-generation credit risk and collateral risk management software for financial services organizations and solutions provider for three Federal Home Loan Banks (FHLBanks), announced today that Seattle-based HomeStreet Bank has licensed its Credit & Collateral Management (CCM) solution. Response Analytics’ CCM solution will be used to automate collateral submission and pledging to the Federal Home Loan Bank (FHLB) - Seattle and the Federal Reserve Bank (FRB). Through use of the CCM solution, HomeStreet Bank will be able to increase funding availability, reduce funding costs and reduce the effort necessary to comply with these funding programs.

“Response Analytics is a proven solution provider for the Federal Home Loan Bank system, and as such is very familiar with the business processes we manage as a FHLB member bank,” said Darrell van Amen, chief investment officer at HomeStreet Bank. “By helping to increase the efficiency and effectiveness of our collateral processing, their out-of-the-box solution provides us with an opportunity to move quickly and provide important automation to support our growth objectives.”

Response Analytics’ next-generation CCM solution automates and improves a number of the business processes performed by financial institutions when pledging collateral to the FHLBanks, Federal Reserve Banks (FRBs) or Corporate Credit Unions, for the purpose of funding advances. These key features include:

  • Collection and aggregation of collateral data from a variety of sources;

  • Processing of collateral against published eligibility rules to determine where loans should be pledged;

  • Determination of collateral value and forecasting of borrowing capacity;

  • Assessment of risk-drivers for specific asset classes and forecasting of impact on advances;

  • Providing loan production departments with underwriting targets which maximize funding potential;

  • Submission of collateral information to FHLBanks, FRBs and Corporate Credit Unions using their data standards;

  • Tracking for where loans are pledged and avoidance of duplicate pledges;

  • Tracking important loan documents including: Notes, Deeds of Trust and Title Policies; and

  • Determining which documents have been sent to the FHLB or Trustee and which are in transit.

“Our relationship with the FHLBanks has afforded us a deep understanding of the business processes occurring between FHLBanks and their members, which when coupled with our flexible product architecture allows us to provide a compelling collateral management solution,” said Brent Lippman, Chief Executive Officer of Response Analytics. “We are the first to offer an “out-of-the-box” collateral management solution for FHLB members which allows them to increase borrowing capacity and reduce operating costs. We appreciate the partnership we have with HomeStreet Bank and their vision for embracing innovation.”

About HomeStreet

HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, and the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, investment and insurance products and services in the Pacific Northwest, California and Hawaii.

About Federal Home Loan Banks

The Federal Home Loan Banks are privately owned and operated financial cooperatives, which collectively provide more than 7,700 members—including community banks, thrifts, commercial banks, credit unions, community development financial institutions, and insurance companies—with short- and long-term funding through their secured lending programs. More information is available at

About Response Analytics

Response Analytics, Inc. is a leading provider of next-generation credit risk and collateral risk management solutions for financial services organizations. Unlike first generation applications or approaches, Response Analytics provides a client-adaptive platform which provides unlimited system integration and new levels of control and productivity, while reducing total cost of ownership. A proven solution provider for Federal Home Loan Banks, Response Analytics is the first to pioneer an out-of-the-box credit and collateral management solution for FHLB members. The solution installs quickly, supports compliance with FHLB, FRB and Corporate Credit Union collateral submission processes and provides a compelling business case for increased borrowing capacity and reduced operating costs.


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