First American LoanPerformance Introduces RiskModel 4.0

First American LoanPerformance, a member of The First American Corporation, has released RiskModel 4.0, the latest version of its analytics solution that forecasts future mortgage prepayments, defaults, losses and projected cash flows.

Highlights of version 4.0 include a new desktop graphical user interface, a new conversion tool that allows greater flexibility with data file inputs, an updated application programming interface that enables users to automate their analytics research and reporting by integrating it directly into a company's existing business workflow, and several model enhancements. Subprime delinquency, default and prepayment equations have been fully redeveloped to better capture the current dynamics of the mortgage market, First American LoanPerformance says.

RiskModel contains multiple statistical models that can be used with prime, Alt-A and nonprime loans, and home equity lines of credit. According to the company, RiskModel enables institutions to more accurately set loan loss reserves and to perform a full spectrum of risk management processes.


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