BasePoint Introduces Portfolio Risk Solution

BasePoint Analytics, a provider of scientific risk and fraud analytic scoring solutions, has released its BasePoint DefaultRisk score, a risk modeling solution designed to address the immediate need of identifying default risk within loan portfolios and to provide transparency into the propensity for default risk by mortgage loan portfolio investors.

The DefaultRisk model produces a score-based ranking of loans, identifying the likelihood that a loan contains predictive characteristics indicative of future loss, according to the company. These scores are based on the confirmed risk patterns that are captured and updated daily as part of BasePoint's data consortium. Accompanying the risk score are likely risk indicators for the potential high-risk loans.

Lower-scoring loans can be utilized for prioritizing loss mitigation efforts, enabling the lowest-risk loans to be processed more quickly, which BasePoint says provides efficiency, expense reduction and meaningful savings to the investors and borrowers in the modification and refinance process.

‘The mortgage investment community is under tremendous pressure to quickly evaluate loan and borrower risk in an effort to maximize performance and reduce the increasing rate of delinquency and default within loan portfolios,’ said Tim Grace, CEO and president of BasePoint Analytics. "This solution will further help to stem the current default and foreclosure cycle by increasing the efficiency and success rates of modification and refinance programs.’

BasePoint: (760) 602-4971

SOURCE: BasePoint


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