RiskSpan Releases Credit Model 7.1 for NonQM Loans

July 18, 2026
RiskSpan has launched Credit Model 7.1, a NonQM credit model now available within the RiskSpan Platform, designed to analyze loan performance by documentation type using detailed borrower and macroeconomic data.

RiskSpan announced in a press release the release of Credit Model 7.1, a NonQM credit model available within the RiskSpan Platform. The model is built specifically for NonQM collateral and works with the firm’s existing NonQM prepayment model, providing an integrated suite for credit and prepay analysis.

Credit Model 7.1 includes transition state modeling for NonQM assets, segmenting by documentation types such as Bank Statement, DSCR, Full Doc, and Other categories. It uses ten borrower and loan variables, including FICO score, mark to market loan-to-value, debt-to-income ratio, and loan purpose, along with three macroeconomic factors.

The model was trained on about 226,000 NonQM loans totaling $87 billion in unpaid principal balance from January 2018 through August 2025. Additional features include AI powered tape cracking and collateral analysis tools, API access for workflow integration, and a user dashboard for backtesting that is planned for release soon.

The platform delivers a full tape to cash flow workflow for investors and issuers in the NonQM market, which has seen sharply rising issuance volumes since 2020. Credit Model 7.1 is now available to clients using the RiskSpan Platform and Loans Module, with further integrations under development.

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