Match & Append Database Services
Ultimate Risk Reduction
Match & Append Database Services enable you to reduce the risk in mortgage
portfolio transactions to the smallest factor possible. By augmenting your loan
files with additional information from the industry-leading databases of First
American and LoanPerformance, Match & Append provides you with the
confidence to know that your business decisions are based on the most current,
most complete risk data available—period.
Overcoming the “Missing Data”
Challenge
The biggest challenge facing mortgage risk managers is
not successfully manipulating existing portfolio data, but
successfully manipulating data that's missing key risk drivers—and not knowing
about it.
Such portfolio data might be missing, for example…
- Existing secondary liens
- Significant first lien facts (is it adjustable, IO, NegAm? Is there a prepay penalty?)
- Is it a mobile or manufactured home?
- Located in soft market?
- Not owner-occupied?
- High default ratio in neighborhood?
- Property or owner transaction histories
- Foreclosure or pre-foreclosure activity
- And so forth…
The list goes on and on: hidden facts affecting collateral value that alter a portfolio’s overall value enough to make even the most carefully considered calculations suspect—even meaningless.
How Match & Append Works
The Match & Append process adds missing information to all affected portfolio files. |
Click to Enlarge |
You send missing-data files to Match & Append Database Services, specifying what information is missing. We match your files to over 100 million parcel and 200 million transaction files in the LoanPerformance and First American databases, appending new data we discover to your files. If data you requested are still missing, our professional researchers manually search additional resources. We add any additional data to your files and return them to you.
Match & Append Benefits
“Garbage in, garbage out” is the inescapable truth of data processing. Using
Match & Append Database Services to minimize or eliminate the “garbage
factor” in mortgage data can significantly improve the accuracy and
trustworthiness of due diligence, credit policy, and risk management
calculations based on it.
Match & Append enhances data by adding, as needed:
- Deed information (buyer, seller, sale amount, sale date, legal encumbrances, etc.)
- Mortgage information (mortgage type, outstanding liens, lien positions, recording data, amounts and dates, etc.)
- Parcel information (APN, AVM, tax value, land area, census tract, map link, etc.)
- Property information (square footage, building characteristics, bedrooms, baths, etc.)
- Fraud risk indicators (ownership changes, flips, payment history, mortgage history, etc.)
Since such data can change frequently—especially on accounts of interest—Match & Append Database Services also offers regular account monitoring, with auto alerts when data passes specified threshold values.
Match & Append Knowledge
Power
Because enhanced mortgage data can have such unexpectedly huge impacts on so
many aspects of the mortgage industry—from origination to servicing to
securitization—Match & Append can mean much more to you than simply
improved data management, further offering:
- Reduced exposure to risk (knowing true LTV and risky loan concentrations)
- Optimized loan acquisition (spotting flips and potential fraud before purchase)
- Deal-breaker evidence (unarguable facts when pushing loans back to seller)
- Enhanced customer retention (knowing who and what are winning your loans)
- Improved marketing (identifying fact-based cross-sell and other opportunities)
No matter what your role in the mortgage business, the current seller’s-market environment means that your competition is increasing—probably dramatically. Match & Append Database Services can give you a critical advantage in that competition and transform a seeming downturn into an opportunity for growth.
Using Match & Append
Database Services to Optimize Marketing Lists
Match & Append is especially effective in refining and segmenting marketing
lists, enabling marketers to improve response rates dramatically. Starting with
undifferentiated prospect lists, Match & Append identifies the best targets
for specific campaigns, even providing parameters to help define the offer most
likely to tempt them. Two recent First American Real Estate Solutions case
studies show mortgage companies using Match & Append Database Services:
- M & A Case Study #1—HELOC & Subprime Refi Marketing (PDF: 146KB)
- M & A Case Study #2—Upsell Existing HELOC Customers (PDF: 146KB)
Product Brochure
Identify yourself (name, company, email only) on the accompanying form and
download a PDF of the
Match & Append Product Brief (394KB).
For More Information
To learn more about Match & Append products or schedule an appointment for
a demonstration, please email us or give us a call at the appropriate number
for
your geographic area. Additional information available at First American Real Estate Solutions.
