Acqura Loan Services unveiled its new loss mitigation platform, which assesses borrower risk and determines the most sustainable modification and/or collateral disposition solutions for the distressed loans it services. The new Velocity offering scores loans at the time of acquisition or when they are boarded. The system incorporates granular, up-to-date macro and micro economic data, including credit, property, market and housing price data. The platform predicts the likely outcome for each asset and recommends the optimal loss mitigation strategy, whether modification, repayment plan, short sale, deed in lieu of foreclosure, cash for keys or foreclosure. “Risk, not just delinquency, is the focal point of our loss-mitigation strategy,” said CEO Amy Brandt in a press release. “Standard industry solutions don’t engage until a borrower is 60–75 days past due. The Velocity platform will evaluate each loan, including those that are performing, when they are boarded, if not before.” Brandt added, “This enables us to assess risk and borrower stress levels earlier and to implement the most effective loss mitigation strategy preemptively, in some cases even before the borrower goes into default.” Write to Diana Golobay.