KXEN Analytic Framework Selected by LoanPerformance

Friday 21 January 2005 08:02 CET | News

KXEN was chosen by LoanPerformance to provide the underlying technology for the company’s new PreTell mortgage prepayment scoring system.

Utilizing the KXEN Analytic Framework, PreTell provides a numeric score on an index of zero to 1,000 that predicts the likelihood of an individual loan prepaying within a six-month forecast window. In addition to predicting the overall likelihood for a loan to payoff, PreTell provides Refinance and Mover scores that measure the likelihood for the payoff being a refinance or a home sale, respectively. Because different factors drive the decision to move or refinance, mortgage lenders and servicers can more precisely target their retention marketing efforts and internal models can more accurately reflect borrower behavior. PreTell scores differ from traditional prepayment models by the fact that they take into account a much wider, deeper and robust level of information about the household, the property and the loan performance history.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce