LPS Applied Analytics has made its powerful Mortgage Scores product available at the point of origination. Now, using this behavior-based scoring product, originators can better determine which loans are most at risk for default based on origination characteristics.
LPS Applied Analytics’ Propensity to Default score is a percentage that is calculated using industry-leading behavioral models combined with projected paths of interest rates and housing prices. By conditioning on future economic scenarios, you gain a more accurate performance analysis than traditional history-based industry alternatives.
Armed with this information, you can create more effective compensation plans for your loan officers, set performance benchmarks and better understand the risk of alternative loan programs.
For more information, call 866.964.8343 or e-mail lpsAAsales@lpsvcs.com.