Equifax Capital Markets Integrates KXEN Technology, Delivers Powerful Predictive Modeling to the Secondary Market
SAN FRANCISCO, Aug. 18 /PRNewswire-FirstCall/ -- KXEN, the leading provider of data mining automation solutions, announced today that Equifax Capital Markets is using KXEN technology to strengthen its data mining and predictive modeling capabilities. Through its relationship with KXEN, Equifax can build models faster and identify variables that are most predictive of mortgage loan default and delinquency. Together, Equifax and KXEN provide investors with access to data sources and tools that provide precise indicators of securitized loan performance.
With KXEN technology, Equifax can quickly analyze data and conduct efficient data mining and variable reduction exercises. KXEN technology advances the analytic capabilities of Equifax Capital Markets by isolating selected credit variables to build highly accurate and reliable models. This added speed and scalability enables rapid testing and delivery of credit data to the mortgage-backed securities marketplace.
"Through this relationship, we have the ability to provide the secondary market with the critical insights to improve default and pre-payment predictions," said Steve Albert, vice president, Equifax Capital Markets. "By leveraging the combined strength of Equifax's extensive borrower credit data and KXEN's leading-edge technology, our Capital Markets team gains access to actionable intelligence in a fraction of the time it would take using conventional tools."