Equifax, Insurer Focus On Loan Repurchase Protection

Atlanta-based Equifax and international insurance brokerage Arthur J. Gallagher & Co. have teamed to offer lenders protection against loan repurchases resulting from undisclosed borrower debt. According to the companies, the combined solution enables lenders to reduce their loan loss reserves and improve efficiencies.

As part of its Decision 360 product suite, Equifax has brought to market its Undisclosed Debt Monitoring service, which alerts lenders of borrower activity that changes a transaction's risk profile and may result in a loan becoming ineligible for delivery to investors, the company explains. Arthur J. Gallagher's insurance offering protects lenders against losses often stemming from mortgage repurchase requirements, the companies add.

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