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Article: BasePoint Adds EPD Alert Tool.
- Article from:
- Mortgage Line
- Article date:
- October 19, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CARLSBAD, CA -- Responding to widespread mortgage industry demand for ways to curtail early defaults, BasePoint Analytics has just released BasePoint EPD alert, an early payment default statistical pattern recognition product designed to assess the risk of early payment default in mortgage applications and loans.
EPD alert's patent-pending analytic scoring technology enables mortgage lenders and investment banks "to score and identify each loan's early payment default risk in real time during the underwriting process," the company said.
The product identifies historical patterns in both performing and nonperforming mortgage loans in order to define ...