When you package a mortgage pool, you want to make certain the loans within it represent a compelling investment on the secondary market. With 90 percent of Wall Street using First American CoreLogic collateral-risk assessment tools, if you don’t identify risky loans, it’s almost certain your investors will. The last thing you want is a mortgage pool spotted with kickouts that will sour the deal and harm your reputation. Having solid data that assures you the loans represented are sound enables you to construct a bid package you feel confident offering to top-tier investors.
With the rise in mortgage fraud and real estate market price instability, putting together mortgage pools that represent a good value to investors helps protect your reputation and long-term liquidity. Your institution has a reputation on the secondary market; your job is to ensure it’s an excellent one.
Using First American CoreLogic’s automated tools allows you to pre-sort mortgages into risk categories quickly, yet effectively. We provide tools that assess value and grade collateral risk, allowing you to set aside any loans you don’t feel confident about presenting to investors. Using our tools adds certainty to creating a mortgage pool and credibility to the pools you offer to investors.