Rating the Many Risks to a Loan—
at a Single Glance
LoanSafe® 2.0 from CoreLogic helps originators and investors identify a loan’s long-term risk and makes the overall risk easier to understand by scoring contributing risk factors, including:
- Property
- Borrower
- Identity
- Income
- Broker
- Market
LoanSafe 2.0 is free of technical jargon and complexity. Its vibrant, intuitive dashboard makes it easy to spot fraud and repurchase risk, anticipate future collateral performance and separate risks connected to participants and those due to broader market influences.
Analytics That Focus on Today's Fraud
LoanSafe 2.0 updates its previous focus on collateral and borrower risk with a multi-layered approach that detects mortgage fraud, examining additional information resources such as property valuation history and borrower demographics. It spots:
Appraisal Risk - Up to 80 percent of fraudulent mortgage loans involve deliberately overvaluing property. LoanSafe 2.0 quickly identifies likely transgressors.
Repurchase Risk - LoanSafe 2.0 compares loans to their defined repurchase parameters to isolate loans at risk for subsequent repurchase demands.
Income Validation - LoanSafe 2.0 automatically screens borrower income and other information against specific indicators to spot likely income misrepresentations.
Owner Occupancy - LoanSafe 2.0 uses predictive algorithms to identify borrowers who may have fraudulently claimed owner-occupant status.
Undisclosed Mortgage Debts - Drawing on the largest property and mortgage databases in the industry, LoanSafe 2.0 quickly identifies shotgunners, flippers and fraud rings.
Guided Decision Making
The multidimensional scoring in LoanSafe 2.0 assures swift, smart decisions by skillfully balancing production and risk. Using LoanSafe 2.0, lenders quickly identify questionable loans, accelerating processing of good-quality loans. Investors using LoanSafe 2.0 spot potential kick-outs immediately, shortening the time spent maintaining high loan-pool quality.
