Superior Risk Protection
DefaultRisk solution uses predictive analytic scoring technology to identify loan default risk. Solution results enable you to quickly identify each loan’s propensity for default, guiding loan review prior to funding. They can also be used for portfolio surveillance purposes.
The DefaultRisk score uses patent-pending pattern recognition technology to find default risk susceptibility based on current historical patterns of performing and nonperforming loans. This model uses the nationwide consortium data of more than 12 million loans to compare confirmed loan delinquency and default patterns to client loans in a batch scoring process. Our market-leading dynamic data consortium is the only solution today to provide a nationwide high risk and fraud trends perspective. The breadth of data used by the DefaultRisk model enables you to spot trends that typical underwriting and database validation tools cannot identify.
Simply send batch loan information via secure FTP. We will score each loan for default risk and return a comprehensive report detailing the loan-level DefaultRisk score, top indicators and a rank ordering of the loans/portfolio from highest to lowest default risk probability.
Dramatically Improve Results
By identifying the propensity for a loan to default, you can significantly reduce losses and increase the quality of your loan portfolio. Utilizing rank-ordered results, we provide enhanced transparency into individual loan risk. You can use this information to strategically guide origination opportunities, greatly saving time and expense. DefaultRisk is the only solution to leverage pattern recognition technology and apply it to the specific characteristics that result in fraud and default loss. Apply DefaultRisk scoring to help pinpoint mortgage loans with increased default risk propensity based on property, borrower risk, borrower affordability and geographic risk variables.
