RiskSpan has unveiled its latest Credit Model 7.1, specifically tailored for non-Qualified Mortgage (non-QM) loans. This advanced model is built upon an extensive dataset, having been trained on a substantial $87 billion in outstanding principal balance (UPB). The introduction of this model comes at a significant time, with the issuance of non-QM loans experiencing a dramatic surge, rising by 97% to reach an impressive $20.9 billion. This uptick in issuance highlights a growing confidence in the non-QM market amid evolving lending landscapes and borrower needs, positioning RiskSpan’s new model as a vital tool for lenders seeking to navigate this expanding sector.
The launch of Credit Model 7.1 is expected to enhance lenders’ ability to assess and manage risk associated with non-QM loans. Key components of this model include:
– **Training Dataset**: Utilizes a robust dataset of $87 billion UPB, ensuring accuracy in risk assessment.
– **Significant Growth**: Non-QM loan issuance has soared, indicating increased market activity and demand.
– **Risk Management Enhancement**: Aimed at providing lenders with improved risk assessment capabilities in the evolving lending environment.
– **Market Positioning**: By introducing this model, RiskSpan reinforces its role as an industry leader in credit analytics for non-QM loans.
You can read this full article at: https://www.housingwire.com/articles/riskspan-releases-credit-risk-model-built-for-non-qm-loans/(subscription required)
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