A former MBS trader at Bear Stearns and JPMorgan Chase, Perry Rahbar had a front-row seat to the market’s collapse and recovery, and he is now building dv01 to help prevent the next great recession. In Rahbar’s eyes, more transparent and efficient markets require Wall Street’s data infrastructure to be modernized, as fragmented data workflows make it difficult for lenders and investors to accurately and efficiently understand loan performance. By offering standardized loan-level data and world-class reporting tools in one place, dv01 is empowering the capital markets to make smarter data-driven decisions that make lending safer. After the financial crisis, legislation was imposed to regulate the industry and protect consumers from predatory lending practices, but the capital markets infrastructure for managing and analyzing loan data remained largely untouched. Rahbar started dv01 to complement and replace legacy systems, and the company’s innovative offerings are tackling the foundational shortcomings of the financial markets. Through Rahbar’s leadership, dv01 is able to drive the industry forward through a host of innovative products and offerings that include: access to critical post-issuance data via partnership with HouseCanary, proprietary non-QM benchmark and Tape Cracker, a data wrangling tool powered by machine learning that streamlines the entire data normalization process.
