Equifax Joins Forces with Lewtan (TM) to Give Mortgage Investors Greater Transparency into Borrower Credit Health
Atlanta, GA, November 17, 2010 — Equifax Inc. (NYSE: EFX) announced that its breakthrough solution for the secondary market is now available to investors who use one of the industry’s largest sources of loan-level data backing non-agency MBS securities. Equifax ABS Credit Risk Insight Direct™ now links up-to-date borrower credit information to Lewtan’s ABSNet Loan comprehensive database of residential deal and mortgage performance data. The solution’s expanded capability brings another dimension of transparency into the analysis of mortgage-backed securities – enabling investors to better predict loan delinquency, default and prepayment and make more informed trading decisions.
This latest enhancement to the ABS Credit Risk Insight product line is the result of Equifax’s relationship with Lewtan, a leading provider of asset-backed securities performance data and analytics for the global securitization industry. ABS Credit Risk Insight provides leading indicators of loan performance such as updated credit scores and detail on all mortgage and home equity payments, owner-occupancy and performance on past mortgages. By statistically matching anonymous borrower credit information to Lewtan’s ABSNet performance database, Equifax’s solution gives investors deeper insight to improve model accuracy, identify current healthy deals and strengthen deal surveillance.
Lewtan is part of DMGI, a division of the Daily Mail and General Trust, plc, one of the UK’s leading International media groups. For more information on the full range of Lewtan solutions, please visit www.lewtan.com Source: Lewtan Press Release