Mortgage executives can utilize Income360 household-level total income estimate to better understand borrowers’ current financial capacity, and identify and segment loans that are more likely to prepay.
An analysis that examined performing mortgages across a one year time period showed that an Income360 measure:
- Identified a segment of loans that was up to 7 times more likely to prepay
- Provided enhanced differentiation even when holding constant Current Combined Loan-to-Value (CCLTV) or credit score groups
