DATA SETS THAT MIRROR RISK CONCENTRATIONS AND HELP MANAGE RISK
LPS Data & Analytics
’ loan data assists in the evaluation of loan portfolios through standard and customizable aggregations. These data sets are updated monthly and span up to 15 years of information. Harness the power of loan-level data with pivot tables or data sets that are conveniently delivered and designed for model development. Multiple analysis options are available including prepayment and default curves as well as delinquency migration and market share analysis.
ADD A MODULE FOR FURTHER INSIGHT
McDash Loan Data is comprehensive, but sometimes you need more. That’s why LPS now offers supplementary data to help you get all the information you need. Our offerings will continue to evolve to meet your requirements and help you to protect your investments.
MCDASH CREDIT BUREAU MODULE POWERED BY EQUIFAX®
This module allows clients to independently leverage Equifax’s consumer credit data to produce a comprehensive view of the loan and the borrower. The added power of credit bureau data allows modelers, servicers and investment professionals to benchmark, identify trends and evaluate borrower behavior. This provides the ability to analyze strategic default scenarios, and proactively create risk management strategies based on trusted, reliable information.
The McDash Credit Bureau Module Powered by Equifax
brings added insight into borrow behavior that affects portfolio value and supports informed risk management. In addition, the ability to anonymously match servicing loan-level data to credit bureau data provides refreshed credit score information as well as supplemental information on non-mortgage-related debt.
- Unleash powerful insight from multiple data sets
- Independently leverage credit bureau data for added insight into borrower behavior that may affect portfolio value
- Identify additional liens
- View loan characteristics including term, coupon, payment history and stage of delinquency
- Can be used for benchmarking, identifying trends, evaluating borrower behavior and developing proactive risk management strategies
MCDASH LOSS MITIGATION MODULE
This module allows servicers, investors and other professionals to benchmark and evaluate the effectiveness of loan modifications, examine trends such as re-default rate and create sound asset protection strategies based on trusted, reliable information.
The McDash Loss Mitigation Module adds more than 20 supplemental data fields for better insight into modification activities that affect portfolio value, supporting informed risk management:
- Terms of modification (interest rate, payment, principal)
- Government program identifiers
- Trial and payment plan information
- Flags for short sales and deeds in lieu
MCDASH MORTGAGE SCORES MODULE
LPS has increased the power of McDash loan data by offering the McDash Mortgage Scores Module. This supplemental add-on data set provides loan-level metrics for identifying, prioritizing and predicting the risk of prepayment, default and loss over various periods of time. Leveraging LPS’ industry-leading Behavioral Library, Mortgage Scores offers probabilities of specific borrower behavior based on economic conditions. The Mortgage Scores Module is updated monthly to reflect changes in the overall market and in specific loan characteristics.
The McDash Mortgage Score Module can show the following 12-month probabilities:
- Voluntary prepayment
- Seriously delinquent or default
- Lifetime payment metrics
- Probability of default
- Expected loss
- Loss severity
- Average life of the loan (in months)
MCDASH PROPERTY MODULE
A “one-stop-shop” with more data offered from one trusted source, the McDash Property Module provides supplemental property-specific information, including previous sale price, second lien amount, HPI adjusted current property value and estimate of current combined LTV.
The McDash Loan Data Property Module enables capital markets professionals to easily analyze borrower equity nationwide, providing opportunities to align investment strategy with risk tolerance. It is also useful for servicers, helping them to identify mortgages with negative equity, which may be at risk of strategic default. The McDash Property Module is the ideal solution for effectively managing risk and prioritizing loss mitigation efforts.
Check back often to learn about new McDash Modules.