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""Experian"":http://www.experian.com/, a global information services company based in New York, recently announced that its CreditHorizons[IMAGE]
for Securities offering, which delivers Experian's consumer credit information for non-agency mortgage-backed security deals, now offers the ability to link consumer credit data to loan-level data through technology provider ""Lewtan's"":http://www.lewtan.com/ private-label deal library, ABSNet Loan.
The CreditHorizons for Securities offering, which Experian says provides ""the missing link to understanding the true creditworthiness"" of the underlying borrowers in secondary market mortgage deals, was ""launched just last month."":http://dsnews.comarticles/experian-offers-default-predicting-technology-for-non-agency-mbs-2010-05-10 And the company said the added capability of linking loan-level data expands the offering to a broader base of non-agency residential mortgage-backed securities (RMBS) investors.
""Experian is committed to providing the market with insightful, relevant, and transparent data,"" said Ethan Klemperer, general manager of Experian Capital Markets. ""By enhancing CreditHorizons for Securities with Lewtan's robust loan-level database, we are able to deliver consumer-centric information to an even greater population of market participants.""
By linking consumer data to loan-level data, CreditHorizons for Securities will be able to provide an additional set of influencers that will help investors better predict delinquency and default probabilities, obtain more granular data about the underlying collateral, and understand how consumer trends impact their RMBS portfolios, Experian explained.
The company said it has already achieved a high consumer-to-loan match rate in linking to Lewtan's data by using a proprietary matching algorithm developed by its credit and industry experts.
""We feel this relationship brings a depth of data about the borrower, the loan, and the property value, which will help restore investor confidence by enhancing the sophistication of credit analysis that can be performed,"" said Ned Myers, chief marketing officer of Lewtan. ""This solution provides greater insight towards delinquency and loss forecasting, pricing strategies and for making RMBS buy and sell decisions.""
