DataQuick’s PortfolioQ Helps Equity Lenders Respond To Interagency Guidelines
SAN DIEGO, March 19, 2012 – Equity lenders today are tasked with accurately identifying risk in their loan portfolios – whether superior lien risk, compliance risk, or profit risk – and calculating the correct level of loss reserve to maintain.
DataQuick®, the nation’s leading independent provider of advanced real estate information solutions powered by data, analytics and decisioning, has responded to the need for in-depth portfolio analysis and adherence to Interagency Supervisory Guidance on Allowance for Loan and Lease Losses Estimation Practices for Loans and Lines of Credit Secured by Junior Liens on 1-4 Family Residential Propertieswith the development of PortfolioQ.
PortfolioQ provides equity lenders with an in-depth analysis of outstanding liens against the property, including position, balances and delinquency data to accurately calculate current equity position and related risk. PortfolioQ then aggregates the individual loan or line data and analysis to provide a summary on the entire portfolio, segmenting by risk characteristic, e.g. status, credit quality, equity exposure, property and origination details. In addition to pinpointing immediate risk, this process enables the identification of emerging risk factors to enhance early loss mitigation efforts and maintain performance.
“With past uncertainty in the economy still impacting the housing market today, equity lenders must be able to accurately and effectively manage the risk in their portfolios and loss reserve to the satisfaction of internal company standards as well as those of regulators,” said John Walsh, president of DataQuick.
PortfolioQ, an automated and hosted solution that requires little to no client IT assistance, can also be used to evaluate policy impact on portfolio performance and identify areas for change or refinement.
Attendees of the Consumer Bankers Association CBA LIVE conference in Austin, Texas, March 19 – 21 can learn more about PortfolioQ at booth 8.
San Diego-based DataQuick delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick’s integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, title insurance and property information, property research portals and marketing tools. For more information, visit the company’s website at www.dataquick.com, on LinkedIn or on Twitter at @DataQuick.