MIAC Analytics vs RiskSpan

What the rubric says

MIAC Analytics and RiskSpan are both scored in Secondary & Capital Markets. MIAC Analytics carries an overall of 3, RiskSpan an overall of 2.6. The widest gap between them is Return on spend, at 0.5 of a point. That axis measures what the spend returns, which is not the same as being cheap. MIAC Analytics takes it, 2.8 to 2.3.

Where the five axes separate

On Return on spend the record favours MIAC Analytics, 2.8 against 2.3. On Production impact the record favours MIAC Analytics, 3 against 2.5. On Adoption and support the record favours MIAC Analytics, 2.5 against 2.1. On Functionality and depth the record favours MIAC Analytics, 3.6 against 3.3. On Integrations and ecosystem the record favours MIAC Analytics, 2.3 against 2.1.

Pricing posture

MIAC Analytics does not publish pricing. Its listed model is quote only; software licences and advisory engagements priced separately. RiskSpan does not publish pricing. Its listed model is quote only, per-user edge licence on 24 or 36 month contracts.

Deployment and who each one targets

Deployment for MIAC Analytics: Licensed software and hosted analytics, with advisory and brokerage services alongside. Deployment for RiskSpan: Cloud, AWS-hosted, with API access. Segment focus for MIAC Analytics: Servicers and investors valuing MSRs and whole loans, plus lenders wanting hedge advisory. Segment focus for RiskSpan: MSR owners, whole loan and RMBS investors, and dealer desks doing loan-level analytics. The two entries name different buyers.

What each record credits

MIAC Analytics: Independent since 1989, established enough on valuation and brokerage for ASC 820 work. MIAC Analytics: CORE models cover prepayment, credit frequency, loss severity and term structure. MIAC Analytics: MarketShield unites hedging analytics, loan-level pricing, spec pool valuation and execution oversight. RiskSpan: Loan and pool level data through a documented API, from Excel, Python or R. RiskSpan: Claimed 70-plus asset classes with scenario libraries, stress tests, VaR and CECL calculation. RiskSpan: Accepts a client’s own prepayment model in place of the proprietary one.

What each record holds against them

MIAC Analytics: No integrations named at all, so feeding position and pipeline data is on you. MIAC Analytics: No ownership or investor disclosure published. MIAC Analytics: Over 25 products with thin public documentation, so scope stays unclear before sales calls. RiskSpan: Investor and portfolio analytics, not a lock desk pricing or hedge platform. RiskSpan: No origination or servicing system named as an integration anywhere. RiskSpan: AWS listing shows contract terms and a placeholder price, routing buyers to email.

Which one fits which shop

Best fit for MIAC Analytics: A servicer that needs an independent ASC 820 valuation and the models behind it. Best fit for RiskSpan: MSR and whole loan investors whose valuation work still runs on spreadsheets.

What each entry concludes

MIAC Analytics: MIAC has done mortgage valuation and analytics since 1989, split about evenly between software and services. MIAC Analytics: MarketShield covers pipeline hedging analytics, loan-level pricing, spec pool valuation and execution oversight. RiskSpan: RiskSpan sells the Edge Platform, cloud analytics for people who own or trade mortgage assets, not originate them. RiskSpan: Coverage is the reason to buy.

The short answer

MIAC Analytics finishes ahead on the published rubric, 3 to 2.6. The margin comes mostly from Return on spend. Same rubric, same weights, no sponsorships.