TrueStandings Servicing
Industry-Standard Mortgage Diagnostics Move Online
LoanPerformance designed and built TrueStandings Servicing from the ground up to provide mortgage professionals the ultimate in online speed and processing power. With instant access to LoanPerformance prime and subprime databases (it updates and replaces LPS Prime and Subprime software), TrueStandings Servicing sets the new gold standard for identifying, evaluating, and managing risk in active mortgage portfolios.
Here’s how:
- Most Trusted Mortgage Data
- Powerful New Online Tool
- Expanded Diagnostic Capabilities
- New Add-On Capabilities
- Enhanced Reporting
- Breathtaking Performance
- For More Information
TrueStandings Servicing’s new interface offers clear, intuitive access to every step of the risk evaluation and analysis process, with no hidden controls or resources. |
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Most Trusted Mortgage Data
TrueStandings Servicing monitors portfolio performance—and benchmarks it to national markets—using the industry’s largest and most trusted mortgage databases:
- LoanPerformance Prime
Loan-level data on over 75% of the nation’s active first mortgages—more than 38-million—including all of the Fannie Mae and Freddie Mac portfolios. - LoanPerformance Subprime
The nation’s largest subprime resource—loan-level data on more than 4.3 million active subprime mortgages—cooperative data from over 20 top subprime lenders.
Powerful New Online Tool
TrueStandings Servicing combines the latest advances in processing power, data management, and the high-speed Internet to help you perform complex financial risk diagnostics quicker and more accurately than ever before:
- Single App—Multiple Data Types
Work with prime and subprime data simultaneously. - Automatic Data Updating
You always work with the most current LoanPerformance data. - Multi-Department Adaptability
Adapts to different functional uses (servicing, risk management, portfolio management, retention, finance, marketing, etc.) - Unprecedented Processing Speed
Working online is significantly faster than using in-house legacy software. - Anytime/Anywhere Access
Work on TrueStandings Servicing 24/7 from any Internet-connected computer.
Expanded Diagnostic Capabilities
In addition to breakthrough online performance, TrueStandings Servicing offers a rich and vastly improved user experience and simplified yet much expanded diagnostic capabilities:
- Flexible Metrics
Select only those data metrics you want, singly or in combination. - More Accurate Benchmarking
Use Rest of Market (ROM) benchmarking to produce accurate competitor analysis. - Expanded Performance Measures
Analyze performance from many views, include prime loan counts/balances, weighted averages (loan portfolio, characteristics, seriously delinquent, foreclosures, etc.). - Multi-Dimensional Delinquency Analysis
Choose MBA or OTS to measure delinquency using six different parameters, include bankruptcy and REO information. - Prepayment Analysis
Identify and analyze monthly portfolio prepayments and prepayment trends
New Add-On Capabilities
You can easily customize TrueStandings Servicing to serve your needs—while not paying for capabilities you don’t need—by adding on the following modules:
- Roll-Rate Analysis and Reporting
Base future roll-rate estimates on your portfolio’s actual roll-rates. - Zip Code-Level Analysis and Reporting
Enhance diagnostic detail by including zip code/subset-level data analysis.
Enhanced Reporting
TrueStandings Servicing includes expanded, easy-to-use reporting that simplifies production of regular reports while offering nearly unlimited custom report capabilities:
- 60+ one-click standard monthly reports
- Easy-to-use custom report wizard
- 20+ available graph types
- 40+ available filtering elements
- Tailor reports by mixing and matching data elements
- Up to 10 loan characteristics displayed simultaneously
- Overlaid metrics facilitate analysis of contrasting data
- Output reports in Excel, Word, PDF, text
With TrueStandings Servicing you can create—via password-protected web access—Excel, PDF, Word, or text reports online as quickly as you could do the same job on your desktop.
TrueStandings Servicing report benchmarking portfolio's 25-month MBA subprime delinquencies for 90+ days against the market (note: choosing a different delinquency status in drop-down menu will automatically update graph). |
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TrueStandings Servicing report comparing 60-month prepayment trend of portfolio's subprime loans at a 3-month conditional prepayment rate (CPR) with that of the same loan cohort of the market at large. |
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Breathtaking Performance
TrueStandings Servicing runs on a high-speed, state-of-the-art Netezza Performance Server®, the new standard of online data processing power:
- Answers queries 10 to 50 times faster than conventional systems
- Offers supercomputer-level massively parallel processing architecture
- Enables turbo-fast turnarounds even using gigantic LoanPerformance databases
With TrueStandings Servicing, you can evaluate portfolios, benchmark them against the market, and analyze risk in much less time—and with far greater accuracy—than ever before possible.
For More Information
To learn more about TrueStandings Servicing, please email us or give us a call at the appropriate number for your geographic area.
