Equifax Adds Data Mining For Mortgage Default Predictions
ATLANTA – Equifax said it has teamed with KXEN so that its Equifax Capital Markets division can better mine data to predict mortgage loan defaults.
Equifax said it now can build models faster and identify variables that are most predictive of mortgage loan default and delinquency. Together, Equifax and KXEN said they provide investors with access to data sources and tools that provide precise indicators of securitized loan performance.
KXEN technology advances the analytic capabilities of Equifax Capital Markets by isolating selected credit variables to build highly accurate and reliable models. The added speed and scalability enables rapid testing and delivery of credit data to the mortgage-backed securities marketplace.