CoreLogic Adds New Interactive Audit Trail to LoanSafe Risk Manager and LoanSafe Fraud Manager
Email Dan Smith
April 21, 2015, Irvine, Calif. –
—New connectivity allows users to track review actions and improve workflow—
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that it has added LoanSafe Connect™ to CoreLogic LoanSafe Risk Manager™ and LoanSafe Fraud Manager™, its industry-leading fraud and collateral risk solutions.
LoanSafe Connect is a secure, innovative, web-based portal that offers the ability to review and interact with LoanSafe reports in real time, delivering maximum efficiency. Underwriters and risk analysts can now make electronic notations and document actions they have taken to “clear” the alerts delivered by LoanSafe Risk Manager and Fraud Manager, creating an audit trail of the review activities. Risk executives can create customized requirements for actions that are important to their compliance initiatives and they can see the supporting documentation required to address specific LoanSafe alerts.
LoanSafe Connect allows users to work collaboratively on these reports, increasing transparency into the actions and progress of other users involved in the fraud review process. The risk management process is then easily exported into a final, clear and concise Alerts Summary that can be attached to the loan file.
“Lenders and investors rely on LoanSafe to identify potential fraud and collateral risk factors associated with the loans they are originating or acquiring. But until now, there was no seamless way to capture the steps taken to investigate and remediate these risks,” said Susan Allen, senior vice president of mortgage analytics at CoreLogic. “The new LoanSafe Connect feature elegantly addresses this, creating an easy-to-follow audit trail that shows what was done, by whom and when.”
For more information about LoanSafe Connect, please visit: CoreLogic.com/loansafeconnect
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 3.5 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC, LoanSafe Connect, LoanSafe Risk Manager, LoanSafe Fraud Manager and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.