First American Real Estate purchases Nexala's platform to provide the platform to launch the world's first automated mortgage scoring application, PreTell.

Nexala's suite of applications were selected to provide enterprise integration, process automation and comprehensive analytics. About PreTell (powered by Nexala). Dr. Richard Harmon, Senior Vice President First American said that Nexala's technology has enabled First American to provide a real-time automated mortgage approval and decisioning system to the leading US banks supporting over 80% of the active US mortgage loans"

The United States mortgage industry's most sophisticated prepayment scoring platform, First American's PreTell automatically provides current-even real-time-scoring that predicts the likelihood of mortgages prepaying with unprecedented accuracy. PreTell goes beyond traditional prepayment-measuring approaches with advanced analytics and deeper, significantly more robust information about borrower-level household, property, and loan performance history.

Powerful Multi-Source Data Inputs:
PreTell not only leverages First American's databases tracking 46-million individual mortgages and over $1 trillion in non-agency mortgage and asset-backed securities, it pulls demographic and property details as needed via live data links to leading data providers, including:

PreTell represents a major step forward in mitigating the financial impact of prepayment risk at the borrower level. New Level of Predictive Precision

PreTell is the result of a development process that included the active support of industry-leading mortgage originators, servicers, traders, investors, and guarantors. Working together with these industry participants, developers examined over 1000 prepayment-affecting factors:

The resulting PreTell scoring models predict prepayment behavior based on a richness of factual detail and borrower-level information that transcends any previous prepayment software inputs by a significant margin. To guard against data defects, PreTell incorporates elaborate error-checking and data audit capabilities.

Seamlessly Integrates with Existing Systems
Web-accessible PreTell is designed to integrate seamlessly with existing infrastructures, offering an enterprise-wide platform that automatically updates prepayment scoring on a regular schedule or in real time, enabling users throughout the organization to evaluate:

PreTell also integrates seamlessly with customer-facing systems, enabling automated delivery of prepayment scores into trading, risk management, operational, call center, marketing, and accounting systems.