PreTell Business Value
PreTell is the first loan-level scoring tool that predicts short-term prepayment probability, the single largest risk factor affecting risk managers, analysts, issuers, investors, traders, and insurers. It represents a quantum leap in prepayment scoring, leveraging borrower, property and performance data to predict the likelihood of a loan to prepay within six months.
First National Prepayment Scoring Platform
A dozen leading mortgage lenders, servicers, and Wall Street firms supported the development and validation of PreTell as a means of leveraging LoanPerformance’s industry-standard cooperative databases to provide trustworthy loan-level prepayment scoring. The PreTell system resulted from examination of nearly 1000 demographic and borrower-specific behavioral factors (more about product).
Savings, Retention Generate ROI
PreTell automatically pinpoints loans that are likely to prepay, identifies how soon they will likely prepay, and assesses whether it will be the result of refinance or a move. This information—never before available at the loan level or for the short term—enables users to:
- Effectively manage interest-rate impacts
- Precisely target retention marketing efforts
- Enhance mortgage production pricing and management
- Increase the value of loans in the secondary market
- Evaluate loan portfolio value accurately
By improving user ability to understand, measure, and counteract the effects of short-term prepayment, PreTell creates real-world efficiencies with a huge potential to affect the revenues and profits of mortgage businesses in the current, historically volatile housing market.
For More Information
To learn more about PreTell, please send us an email or give us a call at the appropriate number for your geographic area.
