DataQuick has deployed enhancements to the underlying logic within its Precision Loan Model (PLM), providing a more accurate way for lenders and investors to identify and position all relevant loans on a property. The advanced logic afforded by DataQuick’s PLM lets lenders and investors calculate combined loan to value (CLTV), quickly assess lendable equity, understand and manage changing risk in relation to property-level loan-to-value ratios and make accurate default management decisions. Clients are able to assess and monitor all additional liens on the property that may be ahead or behind their own loan. PLM also delivers a full profile of the other loans on the property over a regular time series which includes new lien dates, lender information and amounts. More advanced solutions from DataQuick can also provide insight on borrower performance on each of the loans on a property for a full view of loan-level portfolio risk.
“Lenders and investors need a complete picture of their exposure on every loan, but if they only have loan origination data, they’re likely missing key details. PLM provides our clients with the insight they need, and with these enhancements, they’ll be in an even better position to evaluate their risk,” said John Walsh, president of DataQuick. “Deploying our enhanced logic along with the other loan and property level intelligence included with PLM results delivers both the loan-level view needed to accurately evaluate individual borrowers as well as a more comprehensive overall portfolio review process.”