Beta Version of Servicing System Released

San Francisco-based LoanPerformance has announced the release of the beta version of TrueStandings Servicing, a Web-based analysis and reporting system for mortgage servicers.The company said TrueStandings provides instant access to delinquency, prepayment, and loan characteristics on more than 40 million active mortgage loans and a historical database of more than 100 million loans. Among the new features of the system are ZIP code-level reporting, additional risk metrics for prepayments and delinquencies, and an interactive mapping feature. "A client-driven evolution of our previous data applications, TrueStandings Servicing provides unprecedented reporting and analysis flexibility," said Dan Feshbach, president and chief executive officer of LoanPerformance. Beta testing of the system is expected to end in December, with general availability in the first quarter of next year, the company said. LoanPerformance, a subsidiary of First American Real Estate Solutions, can be found online at http://www.loanperformance.com.