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Portfolio Management and Servicing Products
Mortgage portfolio management and servicing has never been more difficult. As lenders continue to create unique mortgage solutions to help out their customers, it becomes ever more important to know how these various types of collateralized assets will perform. First American Corelogic offers several solutions to help you manage mortgage portfolios and servicing. We offer products ranging from prepayment modeling, to performance benchmarking. Here is the assortment of products built for mortgage portfolio management and servicing:
LPS Home Equity
LPS HomeEquity is the first and only information tool available to analyze the performance of home-equity-line-of-credit and secondary mortgage portfolios and benchmark them against the national market. An unparalleled resource, LPS HomeEquity allows you to tap into a unique repository of data representing:
- More than $370 billion in outstanding balances
- Over eight million HELOC/Seconds lines and loans
- Six of the top HomeEquity lenders and servicers
- More than 80% of the outstanding HomeEquity loans
- The only loan-level aggregation of such mortgage data in the United States
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PreTell
The industry’s most sophisticated prepayment scoring platform, LoanPerformance’s PreTell™ automatically provides current—even real-time—scoring that predicts the likelihood mortgages will prepay short-term with unprecedented accuracy. PreTell goes beyond traditional prepayment methodologies with advanced new analytics that scrutinize all influencing factors, from loan performance to property history and household demographics. PreTell modeling generates a set of numerical scores ranging from 1 to 1,000 that predict the likelihood an individual mortgage will prepay within a six-month forecast window—including "mover" and "refi" scores measuring the likelihood the payoff purpose is to sell or refinance the home and a "payoff" score combining the other two.
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TrueSeconds
Information about mortgage pools and portfolios, as currently reported, hides the impact of subsequent seconds from trading and modeling resources. In the overheated mortgage marketplace, HELOCs and other secondary liens have quietly increased portfolios’ overall loan-to-value (LTV) and combined loan-to-value (CLTV) ratios in recent years—effectively lowering their value—without such fundamental factual changes becoming visible to portfolio issuers, investors, or anyone else.
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TrueStandings Securities
TrueStandings Securities provides state-of-the-art online mortgage portfolio analysis, evaluation, and benchmarking—effortlessly combining terabytes of mortgage data with blazingly fast analysis and reporting. Built on the latest MicroStrategy 8 platform, TrueStandings Securities' user-friendly toolset simplifies advanced querying, large-scale data manipulation, complex data analysis, and highly formatted reporting—leveraging data from the industry's largest loan-level securities database.
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TrueStandings Servicing
LoanPerformance designed and built TrueStandings Servicing from the ground up to provide mortgage professionals the ultimate in online speed and processing power. With instant access to LoanPerformance prime and subprime databases (it updates and replaces LPS Prime and Subprime software), TrueStandings Servicing sets the new gold standard for identifying, evaluating, and managing risk in active mortgage portfolios.
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Lien Release Preparation and Recordation
Let us dramatically cut your overhead, decrease cycle times, increase your management control and improve your compliance with regulatory requirements. Utilizing a consultative approach, we can assess your current process and design a custom solution to meet your needs. Whether you are looking to outsource the entire lien release process or integrate key components into your existing operations, our solutions provide the flexibility required of today's top servicers.
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TrueStandings Servicing ScoreCard
LoanPerformance’s Servicing ScoreCard enables holders of mortgage portfolios to understand the impact of collateral servicing on a portfolio’s overall performance. It does this by isolating the portfolio servicer’s performance in executing necessary tasks and comparing those numbers to servicing performance averages for the market - given collateral with the same level of risk.
Servicer performance components typically measured include:
- Total losses, loss severity, loss frequency
- Foreclosures and REO timelines
- Front-end collections
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Property Information
Real Estate Records
Property Value
Fraud Prevention
Trends and Marketshare
Property Maps and Aerials
Documents
Vector™
