Informative Research has launched new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions.
The advanced alerts offer sophisticated monitoring capabilities, the firm says in a release.
“Fast and accurate information is power in today’s market, especially when it comes to borrower retention,” says Shannon Santos, executive vice president, Informative Research, in a release. “These new alert types are innovative, time sensitive and highly adaptable, offering significant value to our clients by empowering them to proactively engage with borrowers and recapture as much of their existing business as possible.”
One of the most significant additions is the PMI removal alert, which notifies the lender when their borrower’s equity position reaches the appropriate level to eliminate PMI and ultimately reduce the borrower’s monthly mortgage payment. Other newly introduced alert types include the following:
* Rate watch, which notifies when the rate changes by a specified threshold;
* Early payoff warning;
* Equity watch alerts for changes in a borrower’s equity position; and
* MLS alerts for properties listed as active on the MLS.
The new alerts can be seamlessly integrated into existing systems for daily updates to loan officers, allowing for proactive outreach to existing borrowers. Informative Research’s advanced suppression logic ensures a seamless borrower experience by preventing duplicate alerts.
“In light of recent regulatory changes and market demands, Informative Research’s introduction of these new alert types represents a significant advancement in mortgage portfolio monitoring technology,” Santos adds. “As a leader in data products, Informative Research continues to set the standard in the industry, enabling our clients to stay ahead of the curve and maintain a competitive edge.”