ATLANTA – Credit bureau Equifax yesterday said it has introduced a new solution to help financial institutions determine the likelihood that a consumer has an adjustable rate mortgage.
With about two million loans expected to reset over the next 18 months, Equifax said its “ARM Predictor” gives lenders the information they need to further refine their portfolio risk management and mortgage refinance strategy. This is especially important in the current marketplace, in which ARM resets are raising payments and impacting behavior.
Through custom modeling, advanced analytics and risk scores, Equifax Predictive Sciences equips businesses with valuable insight for account acquisition, marketing and portfolio management.
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