Despite efforts to verify appraisals and valuations, hidden collateral risk continues to creep into loan portfolios. Flipping, REO activity and unusual price fluctuations in a subject property’s sales history are difficult to discern through traditional due diligence. To keep collateral-related risk out of your portfolio, you must detect and pinpoint any suspicious activity surrounding properties used to secure the loans you fund. You also need a clear understanding of the level of risk involved and what to do about it – immediately. LPS' sophisticated InSight collateral risk screening tool allows you to see, within seconds, the likelihood of collateral-related risk in your originations.
Gain a quick, but thorough understanding of the potential collateral risk with a brief, easy-to-read summary. For fast risk determination, use the report’s simplified red/yellow/green traffic-light-style indicator. Supporting raw data is also included allowing you to conduct your own analysis. All the details you need are at your fingertips quickly and easily.
- 10-year subject property transaction history, including multiple sales, REO transfers, excessive valuation differential between recent sales and the significant presences of REO properties in the surrounding area
- Transaction histories for up to 15 comparables from the same neighborhood
- Detailed property data from a random cluster of properties in close proximity, including ownership and valuation data
- Clear recommendations for additional due diligence
Scanning your entire portfolio for collateral risk factors used to be a costly luxury and far too time-consuming to consider. Insight’s automation and exceptional affordability make it easy to detect risk and prevent loss. InSight’s economical price point allows you to scan every single loan for potential collateral risk, and analyze only those flagged as needing additional investigation. Nothing else is more effective at helping you manage collateral risk.
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