TrueLTV

The Power of Transparency

Mortgage pool and portfolio data typically hides the impact of a loan’s subsequent liens on its actual value, dramatically lowering trading and modeling analytics dependability. In the run-up to the recent 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 restores transparency, automating accurate portfolio value discovery by revealing and evaluating its hidden liens.

See the Full Impact of Second Liens on Portfolio Value

TrueLTV lets originators, servicers, secondary marketers, issuers, investors and insurers evaluate the complete impact of HELOCs and other liens against a property, mortgage pool or portfolio. It first uncovers all liens, even hidden ones (silents, piggybacks, and borrower-initiated liens) and 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 preforeclosure or foreclosure activity on the property

When analyzing pools and portfolios, TrueLTV subjects all loans with open liens or other performance challenges to dynamic LTV profiling, using market-adjusted AVM and default AVM technologies. Then, it 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.

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Industry-Leading Data Resources

To enable such all-inclusive granularity, TrueLTV draws on our industry-leading mortgage, property and collateral fraud databases. These combined resources provide unprecedented detail, enabling TrueLTV to spot and evaluate shadowy second liens and update mortgage files with missing liens and all value-affecting lien characteristics.

Available Online

TrueLTV is available online via RealQuest Professional, our all-encompassing property and ownership search engine and Vector Portfolios, the premier mortgage portfolio analytics platform. RealQuest Professional allows you to perform single property searches, while Vector Portfolios offers self-service batch processing. Both require minimal back-office support and offer extremely fast turnaround times.

Easy to Get Started, Easy to Use

TrueLTV via RealQuest individual property search tells you the amount of money a current owner owes on a property as a percentage of the property's value. Resulting data elements include the TrueLTV (percentage), the total open lien count and amount, the current estimate of market value (AVM), and key mortgage data, including lender, recording date and loan amount.

For mortgage pools and portfolios that are run on Vector Portfolios, TrueLTV offers one-time, monthly or quarterly monitoring of mortgage portfolios. It can also provide rigorous daily monitoring, with automated alerts, for servicing and portfolio managers.

Getting up to speed with TrueLTV is fast and easy. Enter a property address and TrueLTV returns the following:

  • 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 preforeclosure or foreclosure activity against the property

Subordinate claim growth in recent years has contributed to dramatically increased risk in many mortgage portfolios. TrueLTV data enables you to:

  • Spot key risk indicators (silent second, concurrent junior, third party second)
  • Identify changes in lien position
  • Review lien characteristics (rate, term, ARM details)

On individual loans and combined pools and portfolios, TrueLTV helps you make sound business decisions based on real value and actual risk.

 

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