Equifax Inc. News
Equifax Launches Mortgage Risk Evaluation Tool for Secondary & Capital Markets Analysis
"The real power of Mortgage MRI is its ability to segment the universe of borrowers that are still current on their mortgage loans to help improve mortgage credit risk and cash-flow analytics," said
This new tool gives investors updated credit information on mortgage borrowers aggregated at the zip code level. Data then can be segmented to reveal borrower credit health and credit capacity trends for different loan vintages within a zip code. In addition to providing a powerful tool for assessing risk in a trading desk environment, Mortgage MRI also supports strategic market risk analysis, pool and market risk assessment and institutional valuation of mortgage-related assets.
"With increased sensitivity to credit risk in the mortgage secondary and capital markets, the industry must find new ways to leverage information," said
To provide this new level of detail for the mortgage market, Mortgage MRI segments zip-level data by vintage, loan type and first mortgage payment status. Once the data is segmented, Mortgage MRI leverages leading indicators and scoring models, including VantageScore(R) and Equifax's Bankruptcy Navigator Index(R) (BNI) to analyze credit risk and the likelihood of a certain borrower profile filing for bankruptcy over the next 24 months. The results are then aggregated and provided to subscribers of this tool.
Mortgage MRI is the latest addition to Equifax's suite of mortgage services. In addition to valuable credit information, Equifax provides the marketing and analytical services mortgage businesses need to help target and close the right customers or buy and sell the right securities. For more information about Mortgage MRI and Equifax Mortgage Services, visit www.equifax.com/consumer/industry_specific/mortgage/ .
About Equifax (www.equifax.com)
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses — large and small — rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in
SOURCE Equifax Inc.
Search Our News Using Google Search
Can't find what you want? Try using Google:
