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Collateral Risk Management
Collateral risk management starts from the day a residential mortgage application is taken. With First American Corelogic’s assortment of collateral risk management products, you can be sure that your business is properly evaluating risk from loan underwriting and origination to servicing and securitization. Here is a list of our collateral risk management products:
HistoryPro
By applying HistoryPro™ to every loan transaction, lenders, investors and insurers can quickly weed out questionable appraisals and streamline processing of loans with low F-Scores. Using the client’s business rules and CoreLogic’s workflow model, accurately valued loans can move along an accelerated path, while high F-Score loans can be sent to the next processing level for further analysis.
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HistoryPro Review
Loans flagged for appraisal review typically consume valuable time and expensive staff resources. With HistoryPro Review™, clients can streamline the process by automating many steps of the traditional review cycle and consistently applying business rules and guidelines across the entire company.
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LoanSafe 2.0
LoanSafe 2.0’s new multidimensional loan scoring assures swift, smart decision-making, by skillfully balancing production and risk. Lenders using LoanSafe 2.0 quickly identify questionable loans—allowing accelerated processing of good-quality loans. Investors using LoanSafe 2.0 spot potential kick-outs immediately, shortening the time spent maintaining high loan-pool quality.
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LoanSafe RDS
LoanSafe Risk Decision System (RDS) is the latest and most advanced automated mortgage risk management tool. LoanSafe RDS enables residential mortgage originators and investors to efficiently assess the value risk and fraud potential in a loan transaction. LoanSafe RDS performs an integrated analysis of the agent, collateral, borrower, and credit characteristics to calculate a risk score and identify loan characteristics of greatest concern.
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Default & Loss Mitigation
As the nation’s largest provider of advanced property and ownership information, analytics and services, we can help you substantially reduce the cost and risk associated with borrower default.
- Gain better information earlier in the process
- Improve turnaround times
- Reduce research cost
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Vector
Vector's rules management system reduces exposure to collateral risk. Working with loans, Vector checks for factors indicating early payment default and collateral over-valuation and automatically routes loans to the appropriate valuation method based on risk scores.
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RiskModel
The latest version of RiskModel - available in new desktop and API versions - significantly advances the power, flexibility, and versatility of predictive analytics for loans and loan portfolios. Drawing on databases tracking 50-million mortgages and over $2 trillion in non-agency MBS and ABS, RiskModel uses Monte Carlo methodology to simulate future marketplace scenarios and predict a range of likely default, prepayment, or other outcomes.
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