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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now