First American Launches Second Lien Scoring Model


First American Subordinate Lien Outsourcing, a member of The First American Corporation family of companies, has debuted its Second Lien Scoring Model (SeLi), an analytical risk/reward rating system that quantifies the actual potential of a second lien.

SeLi triangulates existing second lien information through First American's extensive property and consumer databases to provide the accurate risk scores needed to determine true trade value, ability to collect, potential to revive the loan, and recovery and loss severity.

By applying First American's verified data through SeLi, investors and servicers have the precise information and rating system needed to make better trading decisions and prioritize management of second liens for optimal results, the company says.

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