CoreLogic Credco Introduces New Fully Automated Post Discharge Bankruptcy Report
Email Dan Smith
November 15, 2010, Santa Ana, Calif. –
—New Quality Control Reporting Solution Instantly Verifies Cleared Liabilities—
CoreLogic Credco, the nation’s leading provider of merged credit reporting solutions and a division of CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information, analytics and services, today announced the introduction of an all-new Post Discharge Bankruptcy report (PDBK report), a fully automated post discharge bankruptcy quality control reporting solution. The PDBK report delivers a comprehensive view of the consumer’s post bankruptcy filing credit history in an easy-to-read format, allowing participating U.S. bankruptcy attorneys to instantly verify that all client debts have been appropriately discharged.
The PDBK report compiles data from a wide range of national and proprietary consumer data sources, including the three national credit bureaus, public records and more. The result is a simple, automated reporting solution for attorneys to verify that all client liabilities have been appropriately cleared. It also monitors pending liabilities, and indicates if any new debts have surfaced since the filing. All post-bankruptcy credit information is delivered in a single, easy-to-read summary format – in seconds.
“We’ve leveraged our vast data resources and proprietary merge technology platform to deliver a comprehensive, fully automated post discharge bankruptcy reporting solution,” said Kevin Clements, senior vice president of Bankruptcy Services for CoreLogic Credco. “The PDBK report greatly simplifies a historically time-consuming manual process of verifying cleared liabilities, and provides attorneys with an all-new quality control industry best practice that saves time and accurately verifies their client’s post-bankruptcy credit standing.”
When initiating the bankruptcy filing process, attorneys first order the Eagle Report – a comprehensive Credco consumer credit report. Attorney’s then have the option of selecting the PDBK report, which can be ordered automatically with each Eagle Report, or on a client-by-client basis as needed.
CoreLogic Credco offers comprehensive pre- and post-bankruptcy credit reporting tools, plus a wide range of fully customizable Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) compliance solutions, including verification of tax return filings; nationwide asset searches; previous bankruptcy searches; direct creditor verifications; and more. Products are conveniently available via the CoreLogic Credco online platform as well as major industry software platforms, including Best Case®, EZ Filing®, LegalPro® and – coming soon – New Hope. To learn more about the CoreLogic Credco Post Discharge Bankruptcy report and other bankruptcy solutions, call (877) 858-8705 or visit www.corelogiclegal.com.
About CoreLogic Credco
Tracing its history over 50 years, CoreLogic Credco is the nation’s number one provider of merged and specialized credit reports, processing over 90 million credit and related transactions annually. With access to one of the nation’s largest consumer and business databases, CoreLogic Credco leads the bankruptcy; automotive; mortgage; recreational vehicle; marine; merchant services and other specialty credit and retail markets with a broad range of advanced business information solutions designed to reduce risk and improve business performance. For more information visit www.corelogiclegal.com.
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application, fraud, and loan performance databases and is a leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.
CoreLogic and Credco are both registered trademarks of CoreLogic. Post Discharge Bankruptcy report (PDBK report) is a trademark of CoreLogic.