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The significant rise in non-performing Assets is creating an opportunity for mortgage and investment banks to acquire these assets at an attractive discount. The performance of these assets drives the discount in price. However, this performance also implies a certain level of risk. Commerce Velocity’s Assetx module enables investors to capitalize on market opportunities, by consolidating every data point required, processing this data according to guidelines, and presenting traders with an unmatched level of transaction insight. |
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Deteriorating portfolios are imposing numerous challenges for servicing organizations, and making it difficult to become proactive. These are the challenges that Commerce Velocity’s Optimizer module is designed to minimize, while maximizing cash flow from your portfolio. Our Optimal Outcome module monitors your portfolio and assigns loans based on performance and other characteristics. By enforcing consistency, and determining optimal cash flow workout solutions, Optimizer will help your organization realize better cash flows and more consistency. Optimizer can also be extended directly to your borrowers to offer an alternative medium for understanding which workouts they might qualify for. The Borrower Resolution Portal provides helps borrowers understand their options without having to speak with anyone. This solution can be linked from within your website, and borrower data can be uploaded to your current default management systems for fulfillment. |
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Most pricing and eligibility engines consider only a fraction of the information needed to make an informed decision to lend. The majority of risk factors are often left for your internal production team or a third-party AU engine to evaluate. Our Process Integrity Engine, Insight, represents the next generation of decisioning by combining pricing and eligibility, automated underwriting, automated workflow, business rules management, and risk calculation to give you a total evaluation of the loan. By collecting and processing multiple discrete pieces of information from multiple sources, it becomes easier to understand the true story behind any loan and make appropriate decisions that help mitigate risk for the lender. |
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Commerce Velocity’s multi-channel point-of-sale module, Prism, is an intuitive web-based interface for submitting and approving loans that provides a true commitment-to-lend decision for your customers. Through its integration with the Insight Process Integrity Engine, Prism has the capability of automatically determining credit risk, applying appraisal checks, verifying title and other operations immediately after the loan has been submitted. Depending on the level of automation required and the lender’s tolerance for risk, Prism is versatile enough to provide any degree of risk mitigation at the beginning of the loan origination lifecycle. |
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There are a lot of external risks associated with originating mortgage loans – the last thing you should worry about are things you can control. Small errors such as inefficient workflow or data entry errors can add up to big losses down the road. That’s why Commerce Velocity developed Focus, our web-based loan workbench. |