- Collections Studies:
- Collection Firms: Improve Collections Strategies with Household Ability to Pay
- How Consumer Ability to Pay Optimizes Collections Analytics and Operational Efficiency
Mortgage Study:
- The Next Frontier in Mortgage Predictive Analytics: Using Total Income from Salary and Assets to Improve Mortgage Risk Management.
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As more and more consumers face rising mortgage obligations and plummeting home values, the need for mortgage companies to examine their collections strategies becomes more vital.
By supplementing traditional credit scoring and decisioning processes with an economic profile of clients, mortgage issuers and collections agencies can better assess delinquent accounts based on a customer’s ability to pay their mortgage obligations.
IXI’s Ability to Pay Solutions are modeled from multiple sources, including summary factors produced by IXI’s proprietary database of consumer investable assets. These solutions enable mortgage firms to filter delinquent accounts in order to:
- Prioritize or refinance delinquent accounts with significant ability to pay
- Set up modified payment plans for delinquent accounts with moderate ability to pay
- Sell accounts that have low ability to pay. Learn more about our tools to enhance Portfolio Valuation.
- Carefully monitor mortgage-holders who have traditionally been on-time in meeting their mortgage obligations, but who have recently become delinquent; examine their economic profile to assess the likelihood that they can meet their mortgage obligations as rates change
Learn more about our Ability to Pay Solutions: Ability to Pay Index, Income360, Comp360, DSI, DS$, and CreditStyles Pro*.
Check out our segmentation solutions to help fine-tune your communications to your target audience: Financial Cohorts and Economic Cohorts.
Learn more about how your firm can better understand the credit health of target markets with CreditMix.