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February 08, 2008
First American’s New Second Lien Scoring Model Revolutionizes Investor And Servicer Lien Management
First American Subordinate Lien Outsourcing today announced the debut of its Second Lien Scoring Model (SeLi), an analytical risk/reward rating system that quantifies the actual potential of a second lien.
SeLi is changing the way second liens are managed by triangulating existing second lien information through First American’s extensive property and consumer databases to provide the accurate risk scores needed to determine true trade value, ability to collect, potential to revive the loan and recovery and loss severity.
By applying First American’s verified data through SeLi, investors and servicers have the precise information and rating system needed to make better trading decisions and prioritize management of second liens for optimal results.
Posted by S. Germain at February 8, 2008 08:44 AM