American Banker (06/25/08) P. 5; Bills, Steve
Fiserv Inc.'s Prism and Home Retention Solutions suite is intended to help lenders curtail mortgage defaults by identifying borrowers who are making timely payments but could eventually fall behind. The Prism (Predictive Risk Index Score Modeling) tool monitors borrowers' credit ratings to identify customers who are current on their payments but whose credit scores are dropping. It also keeps track of the Case Shiller Home Price Index to identify weakening housing markets and takes into account property type, price and geographic area when recommending that lenders look at restructuring and other foreclosure alternatives.
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