LoanIQ
Loan Quality Analysis and Fraud Detection
LoanIQ analyzes individual loans for quality and fraud by comparing mortgage collateral risk with the risk of market volatility in the property’s geographic area. With LoanIQ, lenders expedite processing by quickly—and accurately—identifying loans that carry a high risk of loss.
Powerful Risk Scoring
LoanIQ features two powerful scores:
- LoanIQ Score, which measures risk factors in the property transaction itself
- Market Risk Score, which measures risk factors in the surrounding neighborhood
LoanIQ's predictive model uses a database that includes loans of all levels of quality—from “good” to “early default” to “known fraudulent.” The richness of this data enables LoanIQ to incorporate more quality predictors in its risk assessments than any other product on the market.
Sample Scores
LoanIQ property and market scores are reported on numerical scales that indicate the degree of risk, making the results always easy to interpret. |
Click to Enlarge |
Pre- and Post-Funding Applications
In pre-funding applications, LoanIQ provides an easy-to-use score to help in deciding whether or not to fund a loan and determine if an automated valuation model (AVM) is the appropriate choice to evaluate collateral. In a post-funding environment, quality control and due diligence analysts can review LoanIQ reports to identify loans of questionable quality.
LoanIQ Benefits
- Identifies high-risk loans and reduces overall default exposure
- Provides effective protection against collateral fraud
- Identifies whether or not AVM use is appropriate
- Provides high-risk alerts (e.g., double escrow, flips, HUD, other factors)
- Works with existing loan systems and processes
- Enables maximum use of AVMs
- Enables fast-track loan approvals
- Enables evaluation of existing portfolios for loan quality
- Monitors portfolio performance to aid in loss mitigation and retention
LoanIQ Features
- Only patent-pending statistical model with measurable predictive accuracy
- Scoring includes widest range of fraud predictors built on actual fraud cases
- Instant identification of false information and property over-valuation
- AVM pre-screening
- Underwriting performance-assessment capability
- Red-flag alert drill-down feature to filter out high-risk loans
- Cross-selling opportunity identification
- Instant risk-metric access for due diligence
- Comprehensive property information from industry’s leading resource
Product Brochure
Identify yourself (name, company, email only) on the accompanying form and download a PDF of the LoanIQ product brochure (226KB).
For More Information
To learn more about LoanIQ 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.
