LoanPerformance Releases Version 2.0 of TrueStandings™ Securities
Leading Web-Based Mortgage Reporting and Analysis Application Features New User Interface, Faster Refresh Speeds and Enhanced Workflow and Reporting Flexibility
SAN FRANCISCO – July 20, 2006 – LoanPerformance, a subsidiary of First American Real Estate Solutions (RES®) and a leader in residential mortgage data and analytics, today announced the release of TrueStandings Securities 2.0, a web-based mortgage reporting and analysis application offering clients full access to the mortgage industry’s leading non-agency mortgage-backed and asset-backed securities databases with over $1.3 trillion in loan-level information.
TrueStandings Securities 2.0 features a java-based user interface, internet access and full navigation using hyperlinks. This new version provides faster refresh rates for its web pages, an enhanced design for a more intuitive user experience, and improved process and workflow for simplified building and management of customized reports and analysis.
“This latest version of TrueStandings Securities provides mortgage securities issuers, investors, rating agencies and traders with a sophisticated yet easy-to-use application to identify the key drivers of risk and to truly understand the underlying value of loan pools, whether they are buying, selling or trading,” said Dan Feshbach, president and chief executive officer of LoanPerformance.
With its unmatched multi-year perspective on the non-agency securities market, TrueStandings Securities not only offers exceptional data access, but also user conveniences, such as:
- Simple Web-browser tools, data and storage for anytime, anywhere access
- Dynamically-created real-time metrics, groups and rollups for rapid report building
- Pivot tables with sort, save, and right-click functionality for ease of use
- More than 70 loan characteristics and 100 performance metrics for deeper analysis
- Excel, Word, PDF export options for data delivery flexibility
By leveraging these capabilities on more than 6,000 mortgage-backed securities, credit risk decision makers can track performance at the issuer, pool and loan level; monitor portfolio, delinquency, prepayment and default relative to the market; support surveillance efforts; identify under-performing securities; simultaneously analyze risk characteristics such as combined loan-to-value, credit score, product type, loans size, geography and other variables.
LoanPerformance is a subsidiary of First American Real Estate Solutions and a member of The First American Corporation (NYSE: FAF) family of companies. LoanPerformance’s databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $1 trillion in non-agency mortgage and asset-backed securities. The company’s data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information, visit www.loanperformance.com and www.firstamres.com.
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions—a new segment that the company formed in 2005 by combining its Credit Information and Screening Information segments. With revenues of $8.1 billion in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com
Contact:
David Schulz
Corporate Communications
The First American Corporation
(714) 800-3298
dschulz@firstam.com
