Andrew Davidson & Co Teams Up With Equifax To Bring New Analytic Insights To Mortgage Capital Markets
Andrew Davidson & Co Teams Up With Equifax To Bring New Analytic Insights To Mortgage Capital Markets New, Enhanced Version of AD&Co Credit Model to Leverage Trended Credit Data from Equifax |
[23-September-2019] |
NEW YORK and ATLANTA, Sept. 23, 2019 /PRNewswire/ -- Andrew Davidson & Co., Inc. (AD&Co) and Equifax Inc. (NYSE: EFX) today announced a new collaboration designed to bring enhanced analytic insights to mortgage capital markets. This joint effort will couple the advanced analytics and modeling capabilities of AD&Co with comprehensive data and information from Equifax. The first collaborative offering is designed to help investors in Fannie Mae Connecticut Avenue Securities® (CAS) leverage trended credit data from Equifax via a new, enhanced version of AD&Co's credit model.
"By combining Equifax trended credit data and Fannie Mae CAS data, you gain an unprecedented opportunity to study the interaction of borrower characteristics and loan dynamics at scale," said Andrew Davidson, President of Andrew Davidson & Co., Inc. "Trended data from Equifax helps to deliver more predictive insights and adds another dimension to our modeling that was previously unavailable." Equifax trended credit data reveals useful patterns in how consumers are making payments and managing credit lines based on 24 months of FCRA-regulated tradeline level data. Trending and analyzing anonymized data over a period of time can reveal insights into financial behavior. This view supplements the traditional static credit snapshot with a dynamic picture of lending product risk levels, behaviors and characteristics. "AD&Co has been working with some of the world's leading financial institutions and investment managers for nearly three decades. They recognize that trended credit data has become the new paradigm in consumer credit analytics," said Geoffrey Hickman, Managing Director of Capital Markets at Equifax. "We believe that the new AD&Co model will enable Fannie Mae CAS bond investors to harness the potential of this important information in their analytics. We are pleased to be combining forces with such a respected industry leader for this initiative." Laurel Davis, Vice President of Risk Transfer at Fannie Mae, said, "We applaud Andrew Davidson & Co and Equifax on their new collaboration. We support their efforts to advance the quality of mortgage data and analytics and make it available to the broader market. Improved understanding of the risks and compensating factors in Fannie Mae mortgages can improve investor confidence in our CAS program." The enhanced AD&Co credit model leveraging trended credit data from Equifax will be available in 2020. Development of this new model was sparked by intensive AD&Co research on Fannie Mae CAS data in early 2019. A white paper on the use of trended data in analyzing and forecasting mortgage delinquency rates is available here. ABOUT AD&CO ABOUT EQUIFAX INC. FOR MORE INFORMATION Ashlea Bonds Kate Walker
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Company Codes: NYSE:EFX |
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