TrueStandings Securities
TrueStandings Securities provides analysts access to the most comprehensive source of credit risk and prepayment information available anywhere—loan-level data detailing the collateral underlying over 4,400 active private-issue mortgage-backed securities (over 80% of the outstanding pool balances since 1992). Using this data, mortgage researchers:

• Identify risks based on undesirable underlying collateral
• Isolate combined LTV, credit score, other risk characteristics
• Determine the relative importance of all key performance drivers
• Support trading desks with deal, issuer, market performance analysis
• Generate complex, automatically-updated analyses and reports
• Work anytime, anywhere using pure web-based technology
• Mine, analyze data visually with pivot-tables and graphs

TrueStandings Servicing
Web-native TrueStandings Servicing gives mortgage researchers the power to understand and mitigate the risk of portfolio delinquencies, defaults, and foreclosures online in much less time—and with far greater accuracy—than ever before, even using locally-installed software. Built from the ground up to be the industry’s best-of-breed, TrueStandings Servicing includes a number of new capabilities:

• Expanded report filters
• Extended performance-measure parameters
• Additional product types to cover ARM variations
• Zip code-level access for more granular, localized analysis
• Interactive mapping feature that enables users to plot metrics geographically
• Query-response times that are 10 to 50 times faster than conventional systems

TrueLTV
TrueLTV enables mortgage researchers to identify, evaluate, and monitor the impact of HELOCs and other second-mortgage liens on active first-mortgage pools and portfolios. Starting with user-supplied first mortgage files, TrueLTV searches LoanPerformance and First American databases and appends any additional liens, including dates and amounts. Graham-Leach-Bliley-compliant, TrueLTV identifies all types of second liens:

• Silent seconds (seller-financed seconds)
• Piggyback seconds (simultaneous originator-provided seconds)
• Up-sell or cross-sell seconds (subsequent originator-provided seconds)
• Borrower-initiated seconds

RiskModel
Researchers use LoanPerformance’s RiskModel to profile the performance and project the volatility of collateral underlying loan pools and securities. Drawing on the mortgage industry’s most comprehensive database—over 70 million prime and subprime loans—and employing sophisticated statistical modeling, the RiskModel lets analysts:

• Rank level and range of risk on whole loans, securities
• Forecast loan pool prepayments, delinquencies, defaults
• Project impact of interest rate volatility, housing market declines
• Create stress scenarios to test package performance under duress
• Avoid future write-downs from unexpected prepayments and losses
• Project probable-outcome distributions using Monte Carlo simulations
• Benefit from the same forecasting accuracy used by large aggregators

PreTell
The first loan-level prepayment scoring tool, PreTell predicts the probability of a loan prepaying compared to another loan of the same type (Alt-A, subprime, etc.). Built with industry support and validation from leading originators, servicers, traders, investors, and guarantors, PreTell gives insurers unprecedented power to:

• Leverage robust traditional, demographic, performance data
• Quantify near-term prepayment risk embedded in portfolios
• Identify overall likelihood of a loan to pay off
• Predict whether prepayment will be refi or move
• Evaluate portfolio servicing and retention strategies
• Evaluate pricing for production, secondary marketing
• Automate real-time scoring of portfolio risk, retention, valuation

Servicing Scorecard
LoanPerformance’s Servicing Scorecard lets researchers evaluate collateral servicing performance as a component of yield—and calculate the value of loss remediation. The Scorecard’s ability to isolate loss components, loss frequency, and loss severity helps researchers identify the most likely improvements. Scorecard lets analysts:

• Determine servicing impact on securitizations
• Compare collections, foreclosures, REO to market
• Identify and compare serviced-collateral value standards
• Demonstrate average loss, loss frequency, loss severity
• Isolate servicing component of return on investment
• Monitor loan pool servicing performance over time
• Track effects of servicing improvements

LPS HomeEquity
The LPS HomeEquity repository enables mortgage researchers to benchmark whole loan packages and securitized pools against data representing more than 60% of the outstanding HELOC/Seconds loan balances on the market. Built in partnership with the nation’s top lenders and servicers, this unique, web-based information source lets analysts:

• Analyze portfolio delinquency, utilization assumptions
• Justify costs by benchmarking performance to the market
• Utilize market comparison data in investor, rating agency reports
• Develop standards for delinquency, prepayment, other risk factors
• Benchmark performance by geography, product, other criteria
• Project potential impact of credit and other market changes
• Provide fact-based securitization decision support