Equifax And First American CoreLogic Present ABS Credit Risk Insight Direct

Posted by Orb Staff on May 26, 2010 No Comments
Categories : Residential Mortgage

http://www.equifax.com]Equifax Inc[/link]. and [link=http://www.facorelogic.com]First American CoreLogic[/link] have introduced ABS Credit Risk Insight Direct, a data solution designed to statistically match more than 90% of an investor's mortgage loan data to anonymous borrower credit information. The product allows investors to gain access to the most current borrower credit scores and credit data for non-agency mortgage-backed securities (MBS), including First American CoreLogic's LoanPerformance loan-level securities data. According to the companies, the solution provides indicators of loan performance such as updated credit scores, performance on past mortgages, second lien balances, delinquencies, monthly payments and credit inquiries across all borrower accounts. As a result, investors will be able to better predict loan delinquency, default and prepayment, the companies add. SOURCE:

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