Underwriting Solution Measures Collateral Risk
Property valuation and collateral risk management service provider Solidifi on Thursday unveiled the newest version of its collateral risk scorecard. The new loan origination system and underwriting platform, Solidifi Decision, enables lenders and mortgage insurers to manage the collateral policy at an enterprise level. The offering manages the system, from underwriting to portfolio management to collections and recovery. Solidifi combines data from appraisers and other sources to deliver a comprehensive range of collateral risk solutions. Lenders and insurers that use the system are able to define and manage business rules, manage underwriting policies and ensure adherence to risk guidelines and compliance requirements as well as measure appraiser compliance. "Solidifi Decision provides a more sophisticated approach to traditional underwriting methods and portfolio analytics," said a leading Solidifi executive, Sharon Castelino, in a press statement Thursday. "It's proactive risk management technology that empowers lenders and mortgage insurers to achieve the balance between identifying collateral risk more efficiently, while approving applications even faster." Write to Diana Golobay.