MIAC Analytics, a mortgage servicing and hedging consultancy, now offers FAS-122 Assistant at its Internet site.
The product, a pared-down version of MIAC's premier accounting program, helps servicers with monthly portfolio evaluations.
Robert N. Husted, principal, said the new version is ideal for smaller clients who might not be able to pay the high cost of its premier applications. The Internet location saves time and money that would otherwise be spent on mailing software and makes updating easy.
The new accounting rule, called FAS 122, requires mortgage lenders to put originated servicing rights on their books, starting this year.