Industry-Standard Mortgage Diagnostics Move Online
Many servicers know how well an active portfolio is performing against internal metrics or historical reference points, but few know how well the entire portfolio or particular loan types are performing in relation to the market or other lenders. TrueStandings® Servicing revolutionizes mortgage portfolio risk management by enabling portfolio managers to evaluate portfolios, benchmark against the market and specific lenders, and analyze risk online in less time—and with greater accuracy—than ever before, even with locally installed software. With instant access to LoanPerformance prime and subprime databases, filled with fresh data contributed by the nation’s largest lenders, TrueStandings Servicing provides mortgage professionals the ultimate in online speed and processing power.
Most Trusted Mortgage Data
TrueStandings Servicing monitors portfolio performance and benchmarks it to national markets, using the industry’s largest and most trusted mortgage databases:
- LoanPerformance Prime: Loan-level data on more than 80 percent of the nation’s active first mortgages—more than 39 million—including all of the Fannie Mae and Freddie Mac portfolios
- LoanPerformance Subprime: The nation’s largest subprime resource—loan-level data on more than three million active subprime mortgages—including cooperative data from more than 20 top subprime lenders
Powerful Online Tool
TrueStandings Servicing combines the latest advances in processing power, data management and the high-speed Internet to help you perform complex financial risk diagnostics quicker and more accurately:
- Single App—Multiple Data Types: Work with prime and subprime data simultaneously
- Automatic DataUpdating: Get the most current LoanPerformance data
- Anytime- Anywhere Access: Access TrueStandings Servicing 24/7 from any Internet-connected computer
- Multidepartment Adaptability: TrueStandings Servicing adapts to different functional uses (servicing, risk management, portfolio management, retention, finance, marketing, etc.)
- Unprecedented Processing Speed: Working online is significantly faster than using in-house legacy software
Expanded Diagnostic Capabilities
In addition to breakthrough online performance, TrueStandings Servicing offers a rich user experience and simple diagnostic capabilities:
- Flexible Metrics: Select only those data metrics you want, individually or in combination
- More Accurate Benchmarking: Use Rest of Market (ROM) benchmarking to produce accurate competitor analysis
- Expanded Performance Measures: Analyze performance from many views; include prime loan counts/balances and weighted averages (loan portfolio, characteristics, seriously delinquent, foreclosures, etc.)
- Multidimensional Delinquency Analysis: Choose MBA or OTS to measure delinquency using six different parameters, including bankruptcy and REO information.
- Prepayment Analysis: Identify and analyze monthly portfolio prepayments and prepayment trends
Optional Modules
You can easily customize TrueStandings Servicing to serve your needs—while not paying for capabilities you don’t need—by adding the following modules:
- Roll-Rate Analysis and Reporting: Base future roll-rate estimates on your portfolio’s actual roll-rates
- Zip Code-Level Analysis and Reporting: Enhance diagnostic detail by including ZIP code/subset-level data analysis
- CoreLogic HPI 3.0 & Forecast Integration: Current first LTVs adjusted for HPI to analyze LTV drift exposure
- TrueLTV Integration: Analyze additional risk exposure due to other associated property mortgage liens
