First American Adds Mod, LTV Info to Database
First American CoreLogic, a member of the First American Corp. (FAF) enhanced its TrueStandings Securities, a Web-based platform that provides access to 96% of active non-agency securitized mortgages with history dating to 1993. TrueStandings Securities now includes data on loan-level loan modifications, which is updated monthly as data becomes available. The platform also includes the option to display updated loan-to-value (LTV) measurements and provides the property record count of outstanding liens. Its previous data export feature now includes a data importation service that integrates with the LoanPerformance RiskModel that simultaneously considers credit, interest rate and home-price risk to predict cashflows and defaults. Once installed, the data import option can download bulk export files and run them through its RiskModel. The projections are then ready for retrieval and analysis for the user. Write to Jon Prior.