- New Loans: Flags new loans recorded since loan input, alerting the user if two or more HELOC loans occur in a six-month period, with early warning of potential default activity.
- Value Change: Identifies period-over-period value changes based on customer-specified business rules; can identify upside down loans as well.
- Property Tax Delinquency: Identifies delinquent taxes, provides early warning of potential default activity and identifies potential curative issues for short sales.
- Foreclosure Activity: Identifies properties with an active default action and monitors for any changes in status all the way up to the foreclosure sale.
- ARM Reset: Provides notice of upcoming ARM rate adjustment and an early warning of potential default activity if the rate has increased.
- Bankruptcy: Provides an early warning of potential default activity, identifies active bankruptcies and monitors loans for new activity.
Monitoring & Alerts
Effectively manage and mitigate collateral risk with a suite of solutions to help you stay continuously updated on changes to individual loans, groups of loans or entire portfolios.
Oversee loans. Stay alert. Support compliance.
Remain vigilant and alert of key indicators that could impact the value of your underlying collateral, with actionable capabilities and configurable alerts catered to your needs.
Tailor
Configure alerts based on your desired rules (ARM reset dates, value change, MLS, ownership change, processing configurations and more).
Analyze
Stay up to date with critical information on loans in your portfolio with continuous surveillance of key alerts or specific risk areas.
Apply
Effectively manage risk, improve decision making and better protect security interests with enterprise applicability.
Report
Automatically generate a summary property report with comprehensive information detailing the specifics of the alert.
A full range of alerts to help monitor loan events and risk
Altogether, ICE provides 16 alert and monitoring solutions that serve as a powerful “check engine” light to keep users informed of property, ownership, loan or lien-related changes, with the ability to set frequency so you stay informed on the information that’s relevant to your business.
Loan Alerts
Property Alerts
- HOA Indicator: Detects if a property is associated with an HOA, enabling users to efficiently confirm HOA status and focus on the loans that require evaluation and monitoring.
- Disaster: Notifies the user when a property has been impacted by a disaster or is in the path of a disaster.
- Building Permits: Flags when a property has a building permit filed on the property; can also be used to monitor construction loans.
- Tax Delinquency: Indicates if there is an active tax delinquency (current or historical) on a property.
Ownership Alerts
- MLS Listing: Alerts users when a property has an active listing on an MLS, identifies short sale candidates and aids in customer retention.
- Ownership Change: Notifies the user if the homeowner does not match public records and flags it as a potential fraud scenario.
- Occupancy Change: Indicates a change in occupancy for the property to easily address potential different loan terms.
Lien Alerts
- Involuntary Liens and Judgements: Identifies and monitors the status of properties and/or borrowers with an active involuntary tax lien or civil judgement.
- Lien Position Change: Identifies current lien position on first run and monitors for new loans and changes, including unexpected lien position change.
- Statutory Lien: Provides alerts for liens that can take priority position and result in foreclosure, including HOA super liens, property tax lien and mechanic liens.
Lien Alert
Lien Alert is an intuitive solution that keeps you updated on important changes that might affect the collateral supporting your loans. By receiving early warnings about significant property events, you can stay ahead of the competition, seize new opportunities and manage risks effectively. Additionally, ICE’s Statutory Lien Alert provides near real-time details for liens that can take priority position and result in foreclosure, including HOA super liens, property tax lien and mechanic liens.
Robust property data and delivery options that fit your needs
Powered by an industry-leading database providing nationwide coverage:
- Nearly 160 million property records representing 100% of the U.S. population and households
- 105+ million residential property records
- Historical data on more than 980+ million real estate transactions
- More than 80% of all U.S. county, municipal, and special tax jurisdictions tax records
- Greater than 98% county coverage for MLS
- Tax payment history on more than 100 million parcels
Leverage data through several delivery options to support your business needs, including:
- Integration with MSP®, ICE’s best-in-class loan servicing system
- Web portal for alerts on demand
- Match and append
- FTP