CoreLogic Announces Agreement with ID Analytics
Email Dan Smith
May 14, 2014, Irvine, Calif. –
––CoreLogic Teletrack to offer short-term lending industry access to products from leader in consumer risk management––
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, recently announced a business relationship with ID Analytics® to deliver a suite of identity authentication and fraud-detection solutions to the short-term lending industry. These services, offered through CoreLogic Teletrack®, can help lenders make even more-informed and profitable lending decisions.
Short-term lending clients have long been able to leverage the vast CoreLogic public record and proprietary databases for fast and cost effective non-traditional consumer credit data and credit risk prevention solutions. The addition of ID Analytics insight expands the existing line of CoreLogic Teletrack consumer authentication services and provides access to timely, cross-industry consumer information that can help verify applicant identity and whether a history of potentially fraudulent behavior exists.
“This collaboration is so important,” said Pam Storm, senior vice president, CoreLogic Specialty Credit. “By combining services from CoreLogic Teletrack and ID Analytics, our clients will have access to broader and deeper information that not only predicts the likelihood an applicant will repay a loan, but also helps them avoid doing business with applicants who misrepresent themselves. It builds on our ongoing commitment to deliver the data our clients need to make enhanced lending decisions and achieve exceptional business results.”
ID Analytics offers one of the nation’s largest, continuously-updated networks of cross-industry identity information covering 300 million U.S. consumers and over 2 billion transactions. “That’s nearly 100 percent coverage of the U.S. adult population,” said Ken Meiser, director of identity solutions, ID Analytics. “This comprehensive, real-time view of consumer behavior allows for an up-to-the minute perspective on the risk of an identity or event in the marketplace—invaluable information when customers are deciding who to do business with.”
CoreLogic Teletrack now offers the following products from ID Analytics:
- ID Score® - Rates the relative risk of fraud for an application with a three-digit score.
- Comply360® - Helps verify consumer-submitted identity information and assigns a letter grade to each application.
- Resolve 360® - Enables completeness and accuracy of data to support compliance, authentication, standardization and anti-fraud efforts.
- ID Network® Attributes for Fraud / for Compliance - Provides the critical information required to drive rule-based systems, enhance custom models, and improve the accuracy and efficiency of manual reviews.
To learn more about CoreLogic Teletrack and its new product offerings from ID Analytics, please call 800-729-6981 extension 2 or visit corelogic.com/digdeep.
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 3.3 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, the CoreLogic logo, and Teletrack are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective holders.