Experian announced that CreditHorizonsSM for Securities, which delivers Experian’s consumer credit information for non-agency MBS.
The addition enables clients to link consumer credit data to Lewtan’s private-label deal library, ABSNet Loan.
This capability expands the CreditHorizons for Securities by offering it to a broader base of non-agency RMBS investors.
By linking consumer credit data to loan-level data, CreditHorizons for Securities offers an added set of influencers that helps investors better predict delinquency and default probabilities, obtain more granular data about the underlying collateral and understand how consumer trends impact their RMBS portfolios.
Using a proprietary matching algorithm developed by Experian’s credit and industry experts, Experian has achieved a high consumer-to-loan match rate in linking to Lewtan’s data.
“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.”
“Lewtan shares Experian’s commitment to providing further transparency and clarity to the securitization marketplace,” said Ned Myers, chief marketing officer of Lewtan. “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. This solution provides greater insight towards delinquency and loss forecasting, pricing strategies and for making RMBS buy and sell decisions.”