Industry News

New Web-based system launches for real estate loan servicers

LoanPerformance releases TrueStandings Servicing in beta

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LoanPerformance has released the beta version of TrueStandings Servicing, a Web-based analysis and reporting system for mortgage servicers, the company said today. TrueStandings provides instant access to delinquency, prepayment and loan characteristics on more than 40 million active mortgage loans and offers additional access to a historical database of more than 100 million loans. New features include: ZIP code-level reporting for more granular, localized analysis; Additional risk metrics for expanded analysis of prepayments and delinquencies; An interactive mapping feature that enables users to geographically plot metrics and visually identify risk concentration; An enterprise-class server system that delivers scalable architecture for expanded usage and enhanced performance; An easy-to-use custom reporting tool that enables users to simultaneously analyze multiple data attributes such as product type, origination year, loan purpose, credit score, conforming versus nonc...