Outamation Delivers Equifax Soft-Pull Credit Data into OutamateMods to Help Servicers Retain Performing Loans

Outamation, an AI-native mortgage operations technology company, is improving the process to help loan servicers identify performing borrowers who are good candidates for a loan modification by now offering Equifax® consumer credit data integrated into OutamateMods. In today’s rate environment, refinance activity is low, but that will change once rates fall. To prepare for a refinance wave, this new integration allows servicers to react on day one. This gives qualified consumers new opportunities to improve their cash flow while helping servicers maintain their portfolios. With the integration, servicers get:

• Equifax soft-pull credit data inside OutamateMods and across the Outamation platform.

• Portfolio retention review to identify performing borrowers who are candidates for a modification.

• End-to-end execution in OutamateMods, from eligibility through documents and closing.

• Support for retention and recapture programs, including performing loan modifications for portfolio loans.

“The time to build a retention program is before the next refinance wave, not during it,” said Ron Morton, Chief Revenue Officer at Outamation. “Keeping a borrower costs far less than winning one back, so having the tools in place now to prepare is a critical step to create compelling offers for consumers quickly.”

“Mortgage servicers need timely insights to help match borrowers with the right loan,” said Carrie Doyle, VP of Business Development, Digital Alliances for Mortgage & Housing at Equifax. “Bringing Equifax soft-pull credit data into OutamateMods puts that insight directly inside the retention workflow. It helps servicers act sooner and serve borrowers better.”

The integration is live today for OutamateMods clients. Learn more at outamation.com.

This article is intended for informational purposes only and does not constitute legal, financial, or investment advice. The views and opinions expressed herein reflect those of the individuals quoted and do not represent an endorsement of any company, product, or service mentioned. Readers should conduct their own due diligence and consult qualified professionals before making any investment decisions. The views expressed are those of the individuals quoted.

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