LoanCare launches LoanCare Analytics™ – Fintech Finance
LoanCare, a top US mortgage subcontractor, announced the launch of a proprietary, all-in-one portfolio management solution, LoanCare Analytics™. The platform was built to support MSR investors with a focus on customer engagement, liquidity and credit risk.
“Having an all-in-one tool to manage service portfolios is more important than ever as the market continues to move through volatile economic conditions. This is a significant technological advance for the industry. It gives our customers unprecedented transparency into their loan portfolio and doesn’t require lenders to hire analysts to sift through the information,” said Dave Worrall, president of LoanCare. “Our investment in LoanCare Analytics was rooted in our quest to deliver levels of insight into loan portfolios like never before. Portfolio managers will benefit from real-time analytics when they need to make a quick decision about when to buy or sell MSRs, without had to mine through millions of data points.”
According to the January 2023 Economic & Housing Outlook Commentary from Fannie Mae’s Economic & Strategic Research Group, there has been a recent upward trend in continued jobless claims, which, while still low, historically suggests a broader economic center is imminent if there is a meaningful move from a cyclical bottom in this measure. LoanCare recognizes this trend and empowers MSR owners with real-time analytics to make timely, informed decisions and actions as needed.
LoanCare Analytics accelerates portfolio optimization analysis with comprehensive views and filtering, allowing MSR owners to connect the dots across the portfolio and take action down to the loan level. No matter the size of the company or the skill level of the team, LoanCare Analytics can help everyone take advantage of data analytics to make smarter decisions across the service spectrum.
The platform helps you answer the following questions:
Should we buy or sell loans?
What are the segments in the portfolio to focus the areas of operation?
What are the optimal portfolio attributes (geography, loan type, year, etc.)?
“In times of economic uncertainty, having access to real-time analysis of portfolio performance is critical, the companies that can quickly leverage their portfolio data to make confident decisions will be best positioned for success. LoanCare uniquely offers the capabilities needed for clients to effectively manage their portfolios in today’s market,” Worrall said.
