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Portfolio 360 launches Mosaic Loan Intelligence Platform

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LAGUNA NIGUEL, Calif. (10/2/12)--Portfolio 360 Inc. (P360) has developed a software platform that allows credit unions to manage loan portfolio data from a single centralized system.

Mosaic Loan Intelligence Platform, a proprietary system, aggregates and stores loan information from a variety of systems and file formats.

"Credit unions can generate regulatory and financial reports, as well as perform risk assessment, risk grades, pricing and more within seconds," said Carl Meiswinkel, P360 president. "They can analyze their data and supporting documents, giving a 360-degree view across their portfolio from Mosaic's dashboard."

Among the Mosaic Loan Intelligence Platform's features:

  • Instant reporting--allowance for loan and lease losses, financial footnotes and disclosures, and valuation;
  • 24/7 access--all loan data available in one system, on financial managers' schedule;
  • Drill-down reporting--customizable on all asset classes and cross-pool analytics;
  • 360-degree view--ability to see information across portfolios, asset types and borrowers;
  • Flexible reporting--includes more than 300 loan-level data points per asset; and
  • Loan-level analysis--loan-level risk assessment, pricing, reporting and disclosure.
P360 works with credit unions, investment banks, lenders and loan servicers. Its Mosaic product is a software as a service, providing tools for improved decision making. Financial institutions use the detailed analysis for audit, product development, marketing, accounting and fraud detection.

Harland Clarke enhances predictive modeling site

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SAN ANTONIO (10/2/12)--Harland Clarke Corp., a provider of marketing services, payment and security solutions, has enhanced to its Stratics predictive modeling suite.

Harland Clarke is a CUNA Strategic Services provider.

The enhanced models reflect fundamental changes in the economy, banking regulations, financial product offerings and consumer behavior. Harland Clarke leverages Stratics in its Opportunity Analysis, a tool that provides financial institutions with actionable insight into the opportunities and risks associated with their portfolio.

Stratics is a suite of more than 50 predictive models that help financial institutions identify high-value account holders and those who are at risk of attrition and balance diminishment. The models are based on Harland Clarke's proprietary National Financial Industry Database, which is built from banking behavioral data of more than 55 million households of account holders at financial institutions of all asset sizes. The models help financial institutions understand account holders' needs and assist them in customizing marketing efforts, Harland Clarke said.

The enhanced Stratics models measures changes in the industry and changes in consumers' lifestyles and purchases. "For example, as consumers have sought greater liquidity, there has been a 25% increase in the number of new money market and savings customers compared with the same period last year," said Sandeep Kharidhi, vice president of analytics and business Intelligence for Harland Clarke. "And we're seeing a 20% increase in new credit card and loan customers versus last year, as interest rates have remained low and financial institutions have sought to grow their loan portfolios."