Breaking
December 4, 2024

Lending | TransUnion’s TruVision Consumer Property Insights for Portfolio Management provides holistic risk view | usagoldmines.com

TransUnion’s new TruVision Consumer Property Insights for Portfolio Management solution protects borrowers and lenders alike by providing a more holistic view of potential risks posed by property value fluctuations. Senior vice president, auto, and mortgage business leader Satyan Merchant said the tool offers such insights as combined loan-to-value on each property a consumer owns, along with individual property characteristics that deliver a more profound understanding of the underlying assets securing a loan.

How TruVision Consumer Property Insights for Portfolio Management works

A unique algorithm links property lien data with the corresponding tradeline. This provides lenders greater accuracy about an underlying asset by using the actual value for the amount owed instead of an estimated or derived total. TransUnion can provide information on up to five properties a consumer owns.

Satyan Merchant said TruVision Consumer Property Insights for Portfolio Management provides a more holistic view of risk.

Merchant said TruVision Consumer Property Insights for Portfolio Management has been eight years in the making and grew from a need to provide the information that those holding risk against a portfolio might need. It utilizes data from more than 3,000 local jurisdictions on property taxes, sales and assessments.

Normally, assessments access detailed information on the borrower and the property. That view falls short because it needs to account for the financial state of a borrower’s other properties. That customer may have fully paid off their primary residence, but they owe a bundle on a little pied-a-terre somewhere in the mountains.

“We decided to build this product that links it all together,” Merchant said. “We built a proprietary algorithm that can link a consumer and all of the mortgages on their credit file and home loans and credit file to all of the properties, and with some very high certainty, we’re ensuring we’re looking the right properties to the right consumer.”

Stakeholders can quickly see how many properties a consumer has, what type they are, their total value, and net equity. They can compare information from across the United States.

“That is a view that we don’t believe exists anywhere in the industry,” Merchant said. “So that’s why we went out and built it.”

Is Merchant surprised such a tool hasn’t been developed yet? Some have long identified the need, and some have sought to build it. However, building the proper links while staying compliant is more complicated than it looks.

“We can leverage what we do great, which is consumer identity and pulling together information about a consumer,” Merchant said. “It’s just adding another layer. We want to do the credit side. Let’s just add the property side to that.”

How lenders and borrowers benefit

Merchant said such tools benefit lenders because it allows them to determine how leveraged their portfolio is across all properties. Those insights will help them decide whether to expand their portfolio or hold back due to significant exposure. Such information is especially vital in today’s environment when folks are waiting for rates to fall.

Lenders are preparing to generate growth as those rates fall, and TruVision Consumer Property Insights for Portfolio Management helps them do just that.

“Having this additional insight into the current state of the portfolio will help them with their strategies,” Merchant said. “A lender needs to know these things across their existing portfolio to make strategic decisions moving forward in what we expect will be a growth market in the next couple of years.”

Refinancing opportunities abound as home equity hits $20T

Merchant said that while delinquencies have crept up, they are still relatively low, just above 1%. The story is in the sad state of originations, which in Q1 of 2023 were less than one million. Compare that to Q1 of 2021, when there were four million. In Q3 of 2023, they were only 1.2 million. The moving target is when rate cuts will happen and warm up the market.

What today’s climate does lend itself to is refinancing, Merchant said. Those who did buy homes when rates were higher could seek lower terms as they fall. Others who may have moved up or elsewhere in the country stayed put due to the earlier low rates.

Home equity has surged to an all-time high of $20 trillion. As folks consider leveraging it, Merchant said they can look to TruVision Consumer Property Insights for Portfolio Management to assess their current risk level. Lenders can use it to launch incentive programs, such as encouraging those with a chunk of record-high credit card debt to consolidate at lower rates.

Merchant expects fintechs to be among those who benefit the most from TruVision Consumer Property Insights for Portfolio Management.

“This is an example of us expanding beyond credit and trying to pull valuable and large data sets together and make them available to fintechs, lenders and whoever can use this to serve a consumer,” Merchant concluded.

Also read:

 TruVision Consumer Property Insights for Portfolio Management protects borrowers and lenders through a holistic view of property value fluctuation risks. digital lending, Fintech, Home, Lending, News, credit assessment, real estate investing, Satyan Merchant, TransUnion 

Recent:

Samsung to revamp iPhone memory for AI boost Chris Mendez | usagoldmines.com
A new way to create realistic 3D shapes using generative AI | MIT News Gaylord Contreras | usagoldmi...
Trading | Analyst Sees Avalanche (AVAX) Printing Bullish Technical Pattern, Updates Outlook on Polka...
Nvidia Rules A.I. Chips, but Amazon and AMD Emerge as Contenders Ali Guerra | usagoldmines.com
Bridging IoT Efficiency: The Transformative Power of Edge Computing Ali Guerra | usagoldmines.com
Ctrl Wallet Launches Multichain Wallet To Set New Standard for Cross-Chain Crypto Management Chainwi...
AI Analysis, Quantum Computing Is Redefining Crisis Management Ali Guerra | usagoldmines.com
XRP’s Quantum Leap? How Quantum Computing Could Transform XRP! Ali Guerra | usagoldmines.com
Save up to 85 percent on online tech courses during Udemy’s Cyber Monday sale Gaylord Contreras | us...
Silent Hill 2 dev Bloober Team enters pre-production on its next game Hallie Frederick | usagoldmine...
Crypto News | 3 Possible Reasons Behind XRP’s 350% Monthly Surge to $2.5 Jordan Lyanchev | usagoldm...
Crypto News | Justin Sun Honors Maurizio Cattelan’s Iconic ‘Comedian’, Bridging Art and Crypto Cultu...
Crypto News | Pepeto and Pepe Unchained Introduce Zero Fee Trading and Cross Chain Solutions vs Lay...
Crypto News | TradFi foreign exchange currency trading in decline as stablecoins usage surges Liam '...
Japan’s NEDO Launches Quantum Computing Contest with ¥200 Million ($1.32 Million) in Prizes to Solve...
TON teleport Bitcoin whitepaper unveiled, tgBTC plans revealed Ashish Kumar | usagoldmines.com
I gave away my Kindle and iPad within hours of testing this tablet – and it’s up to $180 off Hallie ...
The Best Laptop in the World Renato Bond | usagoldmines.com
A Call For Decentralization Innovation Gaylord Contreras | usagoldmines.com
The Apple iPhone 16 Pro Review – The Simpsonian Renato Bond | usagoldmines.com
No, Microsoft isn’t using your Office docs to train its AI Gaylord Contreras | usagoldmines.com
Memecoin whale “sbfonchain.sol” jumps to new meme tokens after big WIF loss Hristina Vasileva | usag...
IQM Spark Quantum Computer to Accelerate Taiwan’s Quantum Computing Research Ali Guerra | usagoldmin...
Crypto News | Lightchain Protocol AI’s ICO Is Blowing Up The Hottest New Layer 1 Presale in Years Ne...
Crypto News | Altseason Speculations Heat up as Altcoins Market Cap Near May 2021 Levels (Bitfinex)...
Regulators | Ripple Chief Legal Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in N...
Binance to stop listing meme coins? Shraddha Sharma | usagoldmines.com
Archax Launches $3.8B Tokenized Fund on XRP Tari | usagoldmines.com
My Neighbor Alice: Bridging Traditional Gaming & Web3 Through Cozy Island Building Nicholas Say ...
Synesis One: Transforming AI Data Sourcing and Monetization Nicholas Say | usagoldmines.com
Crypto Hack Weekly Report: Advanced Scams, New Tactics, Bigger Losses Elena R | usagoldmines.com
Reimagining the Future of Data Computing with Compute Express Link (CXL) Interconnects Ali Guerra | ...
Arcana Network Launches the First Ever Chain Abstraction Wallet, Ushering a New Era of Multi-Chain T...
Crypto News | Top Ripple (XRP) Price Predictions as of Late Dimitar Dzhondzhorov | usagoldmines.com
Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Gover...
Google Pay integrates Afterpay and Klarna BNPL services in US Chris Mendez | usagoldmines.com
15+ Best Ethereum (ETH) Slots Casinos & Gambling Sites: Top Picks Ranked Oliver Dale | usagoldmi...
Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme Daily ...
60 Mac Tips for new setups (maOS Sequoia edition) [Video] Renato Bond | usagoldmines.com
The need to seek return on investment on AI | usagoldmines.com
Crypto News | Goldman Sachs sets sights on standalone blockchain entity for digital assets expansion...
Google Docs now lets you generate AI images directly within documents Gaylord Contreras | usagoldmin...
One UI on Galaxy S25 could offer smoother gameplay with this game mode addition Chris Mendez | usago...
One UI on Galaxy S25 could offer smoother gameplay with this game mode addition Chris Mendez | usago...
M4 Macs Unable to Run macOS VMs Earlier Than Ventura 13.4 Renato Bond | usagoldmines.com
Bitcoin , A Decade Ahead !
Bitcoin in the market
Bitcoin vs all cryptocurrencies in 2024
Bitcoin in last years
Future of Bitcoin
Best iPhone 16 Deals: These Are the Lowest Prices You Can Get on the Latest Apple Phone Chris Mendez...
Regulators | FTX Sues Binance and Changpeng Zhao for $1,800,000,000 Over ‘Fraudulent’ Transfers From...
Crypto News | Polymer Launches Real-Time Interoperability For Ethereum Rollups Chainwire | usagoldm...
Is Android poised for a US comeback? Chris Mendez | usagoldmines.com
Week 10 NFL betting guide, odds, props: Expert, AI, model, DFS, parlay, and season-long fantasy pick...
What Is Quantum AI? Everything to Know About This Far-Out Twist Ali Guerra | usagoldmines.com
Press Release Distribution Services – WebWire Hallie Frederick | usagoldmines.com
AI can drive business growth in Southeast Asia. But some big challenges remain Macky Briones | usago...
Best Samsung Galaxy deals: S24, Buds, Watches and more Macky Briones | usagoldmines.com
Crypto News | Bitcoin community celebrates victory as Donald Trump and allies elected to reshape US ...
Apple’s Latest Nod Toward Smart Glasses: Getting Input From Its Employees, Report Says Ali Guerra | ...
Trading | Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment Rhodilee Jea...
Chainwire | Flipster Partners With BNB Chain for Fee-Free Withdrawals Chainwire | usagoldmines.com
Chainwire | Mawari Announces Node Sale To Bring Immersive Content to the World Chainwire | usagoldmi...
White House pushes adoption of AI in agencies for military intelligence purpose Noor Bazmi | usagold...
Trump’s odds are behind the US dollar rally: Standard Chartered Jai Hamid | usagoldmines.com
Chainwire | Scroll Launches SCR Token To Recognize Global Community Contribution and Decentralize It...
Teenage Mutant Ninja Turtles: Mutants Unleashed Review (Switch) Hallie Frederick | usagoldmines.com
A basket of prominent meme coins outperformed Bitcoin (BTC) and S&P500 in 2024 Hristina Vasileva...
Motorola Razr update finally adds Circle to Search Chris Mendez | usagoldmines.com
Pera: The Zero Trust Interoperability Platform for Creating Zero Trust Protocols (ZTPs) Nicholas Say...
Quantum Processing Units: The Future of Computing Ali Guerra | usagoldmines.com
Jupiter opens new round of active staking rewards Hristina Vasileva | usagoldmines.com
Why and How Lenovo Is Dominating the Field in AI Macky Briones | usagoldmines.com
How Does The iPhone Camera Compare to a Real Camera? Renato Bond | usagoldmines.com
The best Windows laptops of 2024: Expert tested and reviewed Macky Briones | usagoldmines.com
Why is Dogecoin pumping today? Randa Moses | usagoldmines.com
Merlin holds the leading position among Bitcoin L2 chains Hristina Vasileva | usagoldmines.com
This HP Chromebook made living without Windows easier than I expected (and it’s $137 off) Macky Brio...
Bitcoin | Trader Justin Bennett Issues Ethereum Alert, Says ETH Potentially Forming Bearish Pattern...
Altcoins | XRP Rival Stellar (XLM) Announces New Partnership With Mastercard To Aid Consumers and Bu...
Binance vs. SEC: U.S. Court Confirms Key Focus Areas for Investigation Zameer Attar | usagoldmines.c...
Ripple Vs SEC Appeal News: ChatGPT Says Case Won’t End if SEC Misses Deadline Today Anjali Belgaumk...
Apple teases when iOS 18.1 update will arrive with Apple Intelligence features Renato Bond | usagold...
Samsung rolling out October 2024 update to these Galaxy devices Chris Mendez | usagoldmines.com
Best YouTube Alternatives: The Future Decentralized Video Platforms Daniel Dob | usagoldmines.com
Altcoins | Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonc...
Crypto News | Trump family-backed WLFI token pre-sale resumes after website outage, $7.9 million rai...
Crypto News | Bitcoin Price Analysis: BTC Soars to $65K, This is the Next Target CryptoVizArt | usa...
BigBear.ai stock surges on $165M Army contract: CEO Gaylord Contreras | usagoldmines.com
Bitcoin Price Crash Looms as Whales Sell Off Over 30K BTC, Says Peter Brandt Qadir AK | usagoldmines...
Altcoins | Here Are 20 Crypto Assets With the ‘Best Chance’ of Rallying Based on Sentiment, Accordin...
Games like tic-tac-toe paved way for modern computers Ali Guerra | usagoldmines.com
New Galaxy Z Flip 6 update brings October security patch Chris Mendez | usagoldmines.com
Ripple News: Will the U.S. Approve an XRP ETF? Experts Weigh In Amid Legal Turmoil Nidhi Kolhapur | ...
Google may be forced to break up its search business luke.hughes@futurenet.com (Luke Hughes) | usago...
Harris Proposes a Medicare Plan to Provide Home Care for Seniors Reed Abelson and Margot Sanger-Katz...
U.S. Budget Deficit Rises to $1.8 Trillion in 2024 Alan Rappeport | usagoldmines.com
Steve Davis, Top Elon Musk Lieutenant, Joins Trump Super PAC Theodore Schleifer | usagoldmines.com
On Drug Prices, Harris Pushes for Deeper Cuts While Trump Offers Few Specifics Reed Abelson and Rebe...

Leave a Reply