SAN FRANCISCO, Jan. 12 /PRNewswire/ -- LoanPerformance, a subsidiary of First American Real Estate Solutions (RES(R)) and a leader in residential mortgage data and analytics, today announced the dates and locations for its 5th annual complimentary symposium series on new innovations in best-practice mortgage risk management strategies and solutions.
Topics for the 2006 Symposium Series include:
Forecasting Home Equity Risk -- Learn about the new LoanPerformance Home Equity RiskModel, the first home equity risk forecasting analytics modeling solution of its kind. This tool is designed to simulate multiple economic environments and provide near and long-term scenarios for losses, default and prepayments in home equity products. The model, currently in development for introduction during the second quarter of 2006, incorporates economic factors such as interest rates, housing price changes and employment with multiple loan characteristics, enabling practical application of the simulations to enhance reserve setting, pricing, credit risk, economic capital and more.
Leveraging New Data and Analytics for Enhanced Risk Management -- With the combined data power of LoanPerformance and its parent company, First American Real Estate Solutions (RES), the opportunities for more informed risk management analysis have expanded exponentially. First American RES maintains property detail on more than 97 percent of all U.S. properties and, together with LoanPerformance mortgage databases and analytical solutions, allows credit risk managers, portfolio managers, investors and issuers to identify and leverage new sources of property and mortgage data and analytics with immediate and valuable application in payoff and retention analysis, due diligence, data verification, collateral risk and other market indicators.
Innovative Diagnostic and Reporting Solutions for Servicers -- View a demonstration of TrueStandings Servicing, a new diagnostics and reporting solution offering instant Web access to the largest repository of mortgage performance information tracking the delinquency, prepayment and loan characteristics on more than 40 million active prime and subprime mortgage loans monthly with additional access to a historical database of more than 100 million loans. The short demonstration will showcase the various uses of the solution including targeting geographic risk, roll rate reports, zip code level reporting and more.
2006 LoanPerformance Symposium Schedule:
Date City Location (subject to change)
Jan. 25 Charlotte, N.C. The Westin Charlotte
Jan. 26 Atlanta The Westin Buckhead
Mar. 1 Thousand Oaks, Calif. Hyatt Westlake Plaza
Mar. 2 Costa Mesa, Calif. The Westin South Coast Plaza
Mar. 14 Cleveland The Ritz-Carlton Cleveland
Mar. 15 Minneapolis Graves 601 Hotel
Mar. 16 Chicago The Westin Chicago River North
Apr. 19 Washington, D.C. The Fairmont Washington D.C.
Apr. 20 New York The Westin Times Square
May 17 Philadelphia The Rittenhouse
May 18 Boston The Fairmont Copley Plaza
All symposiums will be held from 9 a.m. to 12:15 p.m. and will be preceded by registration and a complimentary breakfast buffet beginning at 8 a.m. A complete agenda and location details are available at http://www.loanperformance.com/symposiums. Attendees can register online by selecting the appropriate link for the city of their choice. Questions regarding the 2006 LoanPerformance Symposium Series can be emailed to
LoanPerformance is a subsidiary of First American Real Estate Solutions and a member of The First American Corporation family of companies. LoanPerformance's databases track the delinquency and prepayment performance of 46 million active individual mortgage payments per month and provide loan-level information on more than $1 trillion in non-agency mortgage and asset-backed securities. The company's data and suite of predictive prepayment and risk modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment. For additional information, visit http://www.loanperformance.com/ and http://www.firstamres.com/.
The First American Corporation , a FORTUNE 500(R) company that traces its history to 1889, is the nation's largest data provider. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.72 billion in 2004, First American has approximately 2,000 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com/.
Contact:
David Schulz
Corporate Communications
The First American Corporation
(714) 800-3298
