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Mortgage pool and portfolio data, as commonly reported, effectively hides the impact of a loan’s subsequent liens on its actual value—dramatically lowering the dependability of trading and modeling analytics. In the runup to the current mortgage crisis, the growing influence of HELOCs and other secondary liens on collateral loan-to-value (LTV) and combined loan-to-value (CLTV) ratios significantly undermined the value of many portfolios. TrueLTV was developed to automate discovery of accurate portfolio values, by revealing and evaluating its hidden liens.
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Like an iceberg’s underwater mass, the actual value of pooled mortgages often hides beneath their apparent worth. |
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TrueLTV lets originators, servicers, secondary marketers, issuers, investors and insurers evaluate the complete impact of HELOCs and other second-mortgage liens on active mortgage pools and portfolios. It first uncovers all liens on a property, even hidden ones (silents, piggybacks, borrower-initiated), then looks beneath the surface to assess likely future loan performance by:
- Reporting each lien's position in the loan's repayment hierarchy
- Identifying scheduled ARM resets to clarify risk impact
- Flagging any pre-foreclosure or foreclosure activity on the property
TrueLTV subjects all loans with open liens or other performance challenges to dynamic LTV profiling—using market-adjusted AVM and Default AVM technologies—then consolidates its loan-level findings for the pool or portfolio, providing a quick summary of overall value with easy drill-down access to the underlying details.
To enable such all-inclusive granularity, TrueLTV draws upon three industry-leading data resources—LoanPerformance's market-dominant mortgage database, First American’s comprehensive national property database, and CoreLogic’s unmatched collateral fraud database. These combined data provide unprecedented detail, enabling TrueLTV not only to spot and evaluate shadowy second liens, but to update mortgage files with missing liens and all value-affecting lien characteristics as well.
TrueLTV is available via Vector Portfolios, the premier mortgage portfolio analytics platform. A web-based, self-service, batch-processing application, Vector Portfolios allows you to process pools of loans with minimal back-office support yet extremely fast turn-around times.
TrueLTV offers one-time, monthly, or quarterly monitoring of mortgage portfolios for originators, secondary markets, issuers, investors, and insurers. It can also provide rigorous daily monitoring—with automated alerts—for servicing and portfolio managers.
Getting up to speed is fast and painless—you provide:
TrueLTV returns:
- Total open-lien count and amounts
- Liens' positions in repayment order
- Current AVM estimate of market value
- Estimated equity balance and CLTV
- Key mortgage data (lenders, dates, loan amounts)
- Premium ARM data and interest rate information (ARM Rider)
- Any pre-foreclosure or foreclosure activity against the property
The growth of subordinate claims in recent years has contributed to dramatically increased risk in many mortgage portfolios. TrueLTV data enables you to project future portfolio performance based on the actual, current, loan-level value of pools and portfolios—helping you make sound business decisions based on real value and actual risk.
Identify yourself on the accompanying form and download a PDF of the TrueLTV product brochure (100KB).
To learn more about TrueLTV or schedule an appointment for a demonstration, please email us or give us a call at the appropriate number for your geographic area.
 
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