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The PreTell score has been developed from the examination of nearly 1,000 factors that encompass demographic, property record, loan performance history, economic and market variables. Key data partners include The First American Real Estate Solutions and Acxiom Corporation. PreTell also draws on the LoanPerformance databanks, which include information on nearly 50 million active mortgage loans representing 85% of the market.
“The strong predictive performance of these initial models provides end users with a much more robust set of tools with which they can more effectively manage their interest rate and prepayment risk,” says Richard Harmon, Ph. D., senior vice president, scoring analytics and services at LoanPerformance.
Dr. Harmon also said that the PreTell scoring platform is designed to allow any institution to seamlessly integrate an enterprise-wide scoring automation platform into their existing infrastructure to facilitate real-time scoring for retention, risk management, securitization and portfolio evaluation purposes. Scores can be automatically updated on a daily or even real-time basis with live data links to our data providers and pushed to all critical points of usage within an organization. For the first time institutions will have a common method for evaluating and quantifying near term prepayment risk embedded in their servicing and investment portfolios.
PreTell will be commercially available beginning the first quarter of 2005. Companies interested in learning more about PreTell may contact Dave Hurt at 301.365.0407 or Richard Harmon at 734.975.6792.
About LoanPerformance
San Francisco, CA-based LoanPerformance is the leader in residential mortgage performance data and analytics, providing credit risk and decision-support tools to mortgage originators, servicers, securities issuers and investors. LoanPerformance’s industry-standard databases track the performance of over 46 million individual mortgage payments per month, representing 90% of outstanding prime mortgages, 75% of outstanding securitized nonprime mortgages, 80% of publicly traded non-agency mortgage securities, and 65 % of bank-owned home equity loans and lines of credit. LoanPerformance databases and analytical tools enable leading financial service institutions, Wall Street analyst and trading firms, and mortgage investors to make informed decisions by integrating robust data and analytics into their credit risk and securitization processes. For more information, visit www.loanperformance.com, or call 415.536.3500.
©2004, LoanPerformance. All Rights Reserved. PreTell is a trademark of LoanPerformance.
Media contact
John Lewis
Campbell Lewis Communications
202.261.6548
john@campbelllewis.com
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