The Client
Independent Mortgage Lender
Challenge
- Looking to create analytical models to:
- Check integrity and accuracy of income calculations
- Provide insights on the borrowers capacity to repay/ chances of defaulting
- Identifying borrowers to contact for loan modification, revised payment plan etc.
- Forensic examination of portfolio for sale of loans in the secondary market
Solution
- Coforge supported the analytics by re-computing DTI for the full portfolio of loans
- Analysis of DTI by:
-
- Credit Score
- LTV
- Gift Amount
- Loan Product
- Property Type
Execution
Other analysis by:
- Number of borrowers
- Additional income and health benefits
- Area of the property
- Number of vehicles owned
Value Delivered
Early warning of possible default
- Potential reduction in repurchase
- Rebalancing of portfolio to manage risk
- Reduced foreclosure risks
