FIS Introduces Portfolio Management Tool

Fidelity National Information Services (FIS), a mortgage technology provider headquartered in Jacksonville, Fla., has introduced a new portfolio management system that integrates default and prepayment algorithms from the FIS applied analytics division with property valuation and pricing trend data from FIS' valuation and data solutions divisions.

This tool is designed to enable lenders, servicers and investors to identify and mitigate prepayment and default risk on an individual loan or portfolio basis, the company says.

‘There is a compelling nexus between prepayment and default propensity and other critical business drivers, such as responsible risk policy, borrower retention campaigns, default staffing models, and buy-and-sell pricing opportunities for mortgage servicing rights valuation and mortgage-backed securities,’ notes Greg Whitworth, president of FIS' loan portfolio solutions division.


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