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LoanPerformance Tests 'TrueStandings Servicing'.

Mortgage Servicing News

| November 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

San Francisco -- Loan Performance, a subsidiary of First American Real Estate Solutions that provides data, research and analytics for the mortgage industry and Wall Street, has released the beta-test version of a new Web-based analysis and reporting tool for mortgage servicers.

LoanPerformance said that the service, TrueStandings Servicing, represents the next generation of the company's prime and subprime loan information products.

TrueStandings provides instant access to delinquency, prepayment and loan characteristics on LoanPerformance's database of more than 40 million active mortgage loans and offers additional access to a historical database of more than 100 million loans, the company said.

New features include ZIP code reporting for more localized analysis; additional risk metrics for analysis of prepayments and delinquencies; interactive mapping; an expanded enterprise class server for expanded usage and enhanced performance; a custom reporting tool that allows users to simultaneously analyze multiple data attributes such as product type, origination year, loan purpose, credit ...

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