Equifax Launches Tool For Whole-Loan Analysis

Equifax Inc. says it has developed a new whole-loan solution that provides lenders and investors with current borrower credit scores and data across all accounts for non-securitized mortgage and home equity loans.

According to the company, the new offering enables investors and lenders to better predict loan delinquency, default and prepayment trends, as well as more accurately value and price investments.

The whole-loan suite contains three products: Credit Risk Insight Pre-Bid, Credit Risk Insight Post-Bid and Credit Risk Insight Surveillance. Pre-Bid statistically matches anonymous borrower credit information to loan-level data and then appends various indicators of loan performance such as updated credit and bankruptcy scores, performance on past mortgages, debt balances, delinquencies and monthly payments, Equifax says. The company explains that Pre-Bid provides 12 months of anonymous credit history for each loan, while the Post-Bid and Surveillance products provide access to current borrower data.

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