First American CoreLogic Data Repository
Mountains of Raw Data
Most investment and capital markets companies doing business in the MBS/ABS
marketplace have mountains of raw data to draw upon—but limited or nonexistent
capacity to cut through it and reach accurate conclusions. First American CoreLogic Data
Repository is the first analytics tool powerful enough to undertake this
complex challenge and produce immediate, accurate results.
Understanding Risk in Complex
Securitizations
First American CoreLogic Data Repository simultaneously analyzes multiple information resources affecting each loan in a portfolio—measuring the loans as properties, as financial obligations, as dynamically changing collateral values, as reflecting historic ownership patterns, as possibly fraudulent transactions, and as component parts of securitized bonds. By viewing them from multiple perspectives at once, Data Repository spots risks most programs miss, anchors them in a common time frame, and simplifies assessment. This clarity can open up the most complex securitizations to timely, real-world evaluation—all but impossible using multiple manually-coordinated risk analytics.
First American CoreLogic Data Repository starts with borrower name and/or property address, assembles all relevant data, subjects it to focused analyses, reports relevant results. |
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The
Real Uncertainty in Your Portfolio
The housing price slump and associated declines in the subprime, alt-A, and
even prime mortgage sectors have created unprecedented levels of volatility—and
investor fear—at every step of the mortgage capitalization process. Specific
anxiety-driving factors include:
- Early payment default (EPD) levels of recent subprime vintages
- Relentlessly declining real estate market values nationwide
- Huge ARM volumes now resetting or soon scheduled to reset
- Portfolio performance deficits that reveal poor quality surveillance
- Compounding servicing challenges as distressed assets proliferate
- Increasing prevalence and sophistication of loan and collateral fraud
First American CoreLogic Data Repository is designed to help MBS and ABS market participants tame current valuation uncertainties by including all performance-related data in value calculations—subjecting key variables to simultaneous analysis to minimize time-delay effects on the accuracy of results.
Multi-Dimensional Data
First American CoreLogic Data Repository draws information from four industry-leading data resources to assemble a multi-dimensional view of mortgage risk:
- First American CoreLogic’s Property Databases The nation's most current and comprehensive real estate information database, this database covers 97% of all U.S. real estate transactions.
- LoanPerformance’s Securities Databases The industry's largest and most comprehensive, they include loan-level data on over $1.7 trillion in MBS and ABS securities (more than 90% of the market).
- CoreLogic’s Collateral Fraud Databases The industry’s premier collateral and fraud databases, their focus is data relating to housing, borrowers, lenders, and third-party agents (brokers and others who create loans).
- LoanPerformance HPI Data The most current, most comprehensive housing price datasets available, LoanPerformance HPI covers 6,070 Zip codes, 519 CBSAs, 898 counties in all states, the District of Columbia, and the U.S. as a whole.
By combining specialized data on the growing variety of loan types, loan characteristics, and borrowers with traditional real estate and mortgage data, Data Repository creates a new multi-dimensional data type that enables unprecedented transparency.
Analytics Matching Need
First American CoreLogic Data Repository utilizes a suite of powerful analytics program components to assess loan characteristics, expose current values, and project future performance—seamlessly employing, as needed, analytical functionalities from RiskModel, TrueLTV, LoanSafe, LoanPerformance HPI, IncomePro, IdentityPro, ThirdParty Scorecard, and First American AVMs. This multi-functional analytics capability enables originators, secondary marketers, investors, and servicers to view and work with:
- Actual Current Value of Assets By analyzing the very latest data in multiple categories and levels of detail, Data Repository factors in often overlooked value-affecting parameters like geography, lien repayment position, buyer history, many more.
- Simplified Disposition of Distressed Assets All distressed properties aren’t the same—Data Repository identifies all factors influencing the distress, enabling accurate REO decisions, pricing, prioritization, timing, and, ultimately, minimizing loss.
- Equalized Analytic Detail for Buyside and Sellside Differing levels of data currency and completeness often skew sellside/buyside negotiations—Data Repository provides both sides all data relevant to a transaction, erasing any data advantage.
- Undiscovered Arbitrage Opportunities Current volatile mortgage-based markets, plus the complexity of derivatives, have provided hedge-fund and other arbitrageurs a unique opportunity—one enhanced by Data Repository’s deep, multi-dimensional asset data.
- Detailed Loan-Level Granularity Increasing the granularity of loan data arithmetically increases its accuracy geometrically, since each additional “grain” of information modifies and redefines the others—Data Repository provides maximal useful loan granularity.
- Unmatched Lead Generation By combining detailed borrower demographic, real estate, geographic and mortgage data—not to mention income and fraud markers—Data Repository can produce unusually productive lists of likely loan prospects.
- Fact-Based Analytics, not Statistical Projections Unlike risk performance projections derived from statistical analysis—which is only as accurate as the analyst behind it—Data Repository analyses use 100% real-world facts about loans, borrowers, and the market.
By combining multi-dimensional data with multi-functional analytics in a single solution, Data Repository simplifies the search for real mortgage and asset value and overcomes the “too-much-complexity” factor inherent in modern industry reporting--complexity that often conspires to hide true loan, portfolio, or bond value from even the most skilled risk managers.
For More Information
To learn more about First American CoreLogic Data Repository, please
email us or give us a call at the appropriate number for
your geographic area.