LoanPerformance, San Francisco, has announced the introduction of PreTell, a prepayment scoring platform developed with the aid of originators, servicers, traders, investors, and guarantors to form an industry standard.PreTell provides a numeric score on an index of zero to 1,000 designed to predict the likelihood that an individual loan will prepay within a six-month forecast window. Scoring is currently available for 30-year fixed-rate, jumbo 30-year fixed-rate, 30-year alternative-A, subprime 2/28 hybrid adjustable-rate, and subprime 3/27 hybrid adjustable-rate mortgages. The announcement was made at the Mortgage Bankers Association convention in San Francisco. LoanPerformance can be found online at http://www.loanperformance.com.
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