CoreLogic Enhances Its HomeEquity Data Offerings
Real Estate Industry and Trade Media
Campbell Lewis Communications
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November 18, 2015, Irvine, Calif. –
—37 Million Records, Contributions from Eight of the Top Ten Lenders, Add Up to Industry’s Most Complete Home Equity Data Solutions—
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, announced today that it has released its enhanced home equity data set, expanding the information delivered through its two home equity data solutions: CoreLogic Loan Level Home Equity and TrueStandings® Home Equity.
The data set captures home equity information from eight of the ten largest home equity lenders. It includes more than 37 million records and monitors the performance of 6.2 million active Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELs) with active balances totaling more than $315 billion.
The CoreLogic Loan Level Home Equity solution provides monthly loan level performance information and is designed for portfolio risk modeling, including in-depth risk analysis and market simulations. It now includes new information on utilization trends, including timing of draws, draw repayment terms and the reasons for loan/line disposition.
TrueStandings Home Equity is a web-based solution providing aggregated home equity data analytics including monthly performance data. It is designed to analyze and benchmark origination, delinquency and prepayment performance at a market level.
Using these solutions, clients will be able to:
- Assess the payment shock risk associated with seasoned HELOCs converting from draws to repayment terms.
- Analyze performance and delinquency trends of their portfolios and make market comparisons for both lines and close-end loans.
- Perform utilization analysis on HELOCs.
- Make better-informed home equity underwriting and marketing decisions.
“Home equity lending is poised for a resurgence fueled by several forces: home price appreciation, recent refinance waves that locked the best credits into historically low first mortgages, and stronger consumer confidence,” said Olumide Soroye, managing director of Information Solutions at CoreLogic. “Our expanded home equity data solutions provide originators and servicers with a better view of the overall market and the emerging opportunities and risk it offers, as well as an in-depth analysis of their current books of business.”
For more information of the new enhancements, visit http://www.corelogic.com/solutions/home-equity-lending-solutions.aspx.
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 4.5 billion records spanning more than 50 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 TrueStanding are trademarks of CoreLogic, Inc. and/or its subsidiaries.