The company unveils loanDNA as a "practical application of AI in the mortgage space"
Consolidated Analytics has announced the launch of an AI-powered tool designed to improve servicing workflow strategy, and enhance transaction pricing decisions.
The newly launched loanDNA provides cashflow projections for individual and bulk mortgage assets. loanDNA's base-AI engine, AICurio, utilizes historical and current loan, property, and market data from public and private sources to accurately project actual cash flows, default, and prepayments.
"The introduction of the loanDNA solution to our clients is a timely one," said Consolidated Analytics CEO Arvin Wijay. "The COVID-19 crisis rapidly changed portfolio conditions, leaving buyers and sellers anxious about mortgage prepayment speeds and early payment defaults. As a result, executive decisionmakers are pressed for time and deeply concerned with decision accuracy. loanDNA offers our clients accelerated access to data-driven and actionable portfolio intelligence that might otherwise take weeks to render."
The loanDNA tool is available as an individual analytics tool and as a product that can be integrated with a company's existing due diligence, servicing surveillance, and loss mitigation.
"We believe that by pairing loanDNA with expert human capital and exceptional service, we can help the industry move beyond 'AI as a concept'," Wijay said. "In taking this approach, we can enable the practical application of artificial intelligence in the mortgage space – not through force but as an enabler and a best-friend to your analysts and number crunchers."
