First American CREDCO, which provides specialty credit reports to the mortgage industry, has launched a new product suite that aims to help mortgage lenders manage risk and proactively retain customers. The Portfolio Services product enables lenders to monitor specific activities on an individual consumer's credit file, evaluate credit-specific trends and receive summarized credit-related demographics for consumers within their portfolio. The product can inform lenders about the behavioral patterns of consumers within their portfolios. For example, lenders can learn which customers are shopping around for other loans or which have stopped paying their credit card bills Portfolio Services contains three tools. Account Monitoring alerts the user when the consumer's credit file is updat...
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