First American Business Unit Selects Response Analytics


Response Analytics (RAI), a provider of solutions for driving business growth in financial services institutions, says that First American Subordinate Lien Outsourcing, a business unit within the Default Information Services division of First American Inc., has selected its distressed portfolio management (DPM) solution to support its technology strategy.

An industry first, RAI's DPM solution combines software and services and uses optimization-based technology to provide continuous portfolio valuations and optimal recovery rate recommendations matched to appropriate collection channels.

By adaptively learning and therefore predicting how borrowers and portfolios will react to changing market and economic conditions, mortgage organizations can increase accuracy for valuations and cashflow forecasts – as well as optimize workout recommendations – in order to rapidly adapt business strategy to the current business climate, the company explains.

Source: First American

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