LPS HomeEquity Business Value
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. It offers an unparalleled competitive advantage to HELOC and second mortgage analysts, servicers, and issuers, enabling them to operate with true information power.
Better Information Drives Time and Cost Savings
How much is it worth to have business intelligence your competitors lack? Believing the answer is “a lot," LoanPerformance built the only HELOC/Seconds database in the industry, partnering for data acquisition with many of the leaders in this rapidly-emerging market sector—for example:
- Bank of America
- Wells Fargo Bank
- Washington Mutual Bank
- CitiFinancial/CitiMortgage
- JP Morgan Chase & Co.
- GreenPoint Mortgage Funding
With 53% of the total HELOC/Seconds bank-owned marketplace in its database (4.3 million loans worth $167 billion), LPS HomeEquity measures and evaluates 27 key characteristics—e.g., credit score, combined LTV, utilization rate, geography down to MSA, and many others.
Ready access to such data gives LPS HomeEquity users the ability to make decisions on products and portfolios far quicker and with greater confidence than competitors who lack it. Such information advantage translates into significant time and cost savings.
Web Access Adds Value
An added LPS HomeEquity advantage is the fact it is a state-of-the-art OLAP (On-Line Analytical Processing) system, offering users universal access from a standard browser on any Internet-equipped computer. This adds value by minimizing infrastructure and training expense (more about product).
For More Information
To learn more about LPS HomeEquity’s business value, please send us an email or give us a call at the appropriate number for your geographic area.
