CoreLogic Credco Introduces Online Dashboard for Red Flag Compliance Monitoring, Reporting and Auditing
Email Dan Smith
June 28, 2010, Poway, Calif. –
—More than Fifty Multiple Listing Services Already in Negotiations for Innovative Revenue Sharing Program—
CoreLogic Credco, the nation’s number one provider of automotive specialty 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 Red Flag Viewpoint, an integrated online reporting dashboard that combines, summarizes and delivers easy-to-read reporting on Red Flags Rule compliance efforts for automotive dealers.
Developed in collaboration with Compli, a leading provider of on-demand compliance management software, and part of Credco’s comprehensive Red Flag compliance suite, Red Flag Viewpoint is designed to help dealers meet the Red Flags Rule’s requirement of regularly monitoring and updating their Identity Theft Prevention Program. The Red Flags Rule went into effect January 1, 2008 and is scheduled for mandatory enforcement by the Federal Trade Commission beginning January 1, 2011.
“Without sufficient data and the latest technological advances, deterring identity theft and maintaining compliance with the Red Flags Rule can be a complex, time-consuming task,” said Kevin Clements, senior vice president of corporate development for CoreLogic Credco. “Red Flag Viewpoint is specifically designed to simplify the monitoring and reporting requirement of the Rule, easily and effectively, allowing dealers to stay focused on sales objectives and other critical operations.”
Red Flag Viewpoint’s proprietary algorithms and reporting capabilities enable dealers to conveniently analyze their applicant portfolio on multiple levels to monitor for potential Red Flag risk. Available on Compli’s intuitive online platform, the easy-to-use interface lets users report directly off key identity verification alert statuses; access dynamic views of their entire applicant pool and associated risks; and export data for auditing and reporting.
Using Red Flag Viewpoint means dealers can easily monitor, analyze and report on a wide range of customer data provided exclusively by Credco. They can drill down on metrics and audit reports for detailed analytics, or view customer data as broadly as needed. Reporting analytics can also be viewed either on entire dealers groups or individual dealers. For more information, automotive dealers can call (866) 348-2404 or visit www.credcoservices.com/RFM.
Compli is headquartered in Portland, Ore., with regional offices covering Midwest, Northeast, Southeast, Southern and Western territories. With over 900 dealerships in 45 states and serving nearly 46,000 dealership employees, Compli is the leading provider of on-demand compliance management software for the U.S. automotive retail industry. The Compli Dealership Compliance Management System (DCMS) allows dealers to control, track and automate regulatory compliance operations within and across dealerships. Compli's DCMS provides an organized method for efficiently implementing policies, educating employees, tracking results and demonstrating compliance in moments of litigation. For more information, visit www.compli.com or call 503.294.2020, ext 116.
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 world’s largest consumer and business databases, CoreLogic Credco leads the mortgage; automotive; bankruptcy; merchant services; recreational vehicle; marine 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.credcoservices.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. Red Flag Viewpoint is a trademark of CoreLogic.