Recognizing the evolving needs of today’s whole loan secondary market, Equifax Inc. developed an online solution for investors and lenders that provides borrower credit scores and data across all accounts for nonsecuritized mortgage and home equity loans. The solution enables investors and lenders to better predict loan delinquency, default, and prepayment and more accurately value and price investments using hundreds of leading indicators of mortgage loan performance, and highly accurate risk models, the company says.

Equifax designed this latest innovation as an online platform consisting of three products: Credit Risk Insight Pre-Bid, Credit Risk Insight Post-Bid, and Credit Risk Insight Surveillance.

Pre-Bid statistically matches anonymous borrower credit information to loan-level data and then appends various leading indicators of loan performance such as updated credit and bankruptcy scores, performance on past mortgages, debt balances, delinquencies, and monthly payments. With Pre-Bid, investors receive 12 months of anonymous credit history for each loan while investors and lenders using Post-Bid and Surveillance benefit from timely access to current data on each borrower. Investors and lenders have the option of applying this analysis at the loan level as early as pre-bid—giving them a more complete picture of the collateral health underlying non-securitized mortgage and home equity loans.

For more information click here, and, under “2011 Press Releases,” look for 10/18/11 release.