Los Angeles-based MDA MindBox, a division of MDA Lending Solutions that provides advanced-decisioning

solutions to the mortgage lending industry, recently announced an update to ARTAdvisor, its automated portfolio review tool.

ARTAdvisor, which provides risk management from early risk detection through loss mitigation by automating the review, analysis, and management of any size portfolio, now includes short sale, foreclosure, and deed-in-lieu analysis. The technology platform combines comprehensive credit and collateral analysis with a customizable rules engine to identify loans at risk and strategies for managing those already underperforming.

MDA Mindbox says ARTAdvisor proposes the best resolution for the lender, servicer, and borrower, which can range from lender-specific modification and forbearance plans to short sales, deed-in-lieu options, and government-sponsored programs, such as the Home Affordable Modification Program. In addition, the review tool provides detailed cost benefit analysis of each viable option to define the financial impact of the final decision.

ARTAdvisor also identifies unseen or emerging points of risk, such as housing price indices, distressed market analysis, and regional unemployment. Additionally, the platform analyzes data from multiple sources to show trends in performance, accelerates loss mitigation strategies at the individual loan level, and can be used to review loans for purchase or sale to stratify and quantify risk, enhancing pricing and decisioning.

“With the myriad of workout options available both in-house and government-defined, it is important that lenders and servicers have an objective means of weighing the alternatives,” said Bill Richer, president of MDA MindBox. “It is in everyone’s best interest, especially the borrower’s, to proactively identify risky loans and the best available workouts for each situation. For lenders and servicers with a great deal of volume, ARTAdvisor also helps them increase efficiency and maintain profitability.”