CRS’s Mortgage Trac™ Score consists of two key components, Prepayment Analytics and Refinance Recommendations.
Prepayment analytics involve multiple data sets and various predictive techniques to create a scoring model that is used to rank the loan portfolio most at risk to prepay.
The mortgage refinance recommendation designates a specific loan type that will provide the best economic benefit scenario for your most at-risk-to-prepay customers.
The Mortgage Trac™ Score can be run on a monthly, quarterly, or by-request basis and is fully customizable for your organization’s needs. No Personally Identifiable Information (PII/NPI) is needed to run the Mortgage Trac™ Score.
How Does Mortgage Trac™ Score Work?
CRS’s Mortgage Trac™ Score assigns a 1 through 10 score to each loan in your servicing portfolio. The higher the score, the more likely the loan will prepay. On average, loans with a score of 10 are two to three times more likely to pay off than the portfolio in general.
Our clients typically see that 50%-60% of their monthly runoff was scored an 8, 9, or 10 the previous month.
Loans scored as an 8, 9, or 10 also receive a refinance recommendation. These recommendations would be Rate/P&I Reduction, Rate/Term Reduction, or Cash Out.
The prepayment analytics and refinance recommendations you receive with Mortgage Trac™ Score will help your team gain insight into your portfolio so they can focus their efforts on high return opportunities. This proactive approach is designed to help retain customers before they ever decide to look elsewhere.
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