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RiskSpan launches credit risk model for non-QM mortgage loans
The model is trained on about $87B unpaid principal balance across roughly 226,000 non-QM loans originated from 2018 through August 2025.
HousingWire reports that RiskSpan has released Credit Model 7.1, a nonqualified mortgage credit risk model delivered through the RiskSpan Platform for cash-flow projections and loan analysis.
The company said the model is available immediately for clients using its Platform and Loans Module, with tools for loan tape analysis powered by artificial intelligence and API access for customers integrating the analytics into their own systems.
RiskSpan said Credit Model 7.1 was built to better reflect non-QM loan behavior by modeling borrowers across documentation types, including bank statement, DSCR, full documentation, and other categories.
According to HousingWire, the launch arrives as non-QM securitization has expanded, with Morningstar DBRS citing Q3 2025 non-QM RMBS issuance that nearly doubled year over year to a record $20.9 billion.