CoreLogic Expands Single-Family Rental Solutions Suite For Investors and Lenders
Real Estate Industry and Trade Media
Campbell Lewis Communications
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December 04, 2013, Irvine, Calif. –
—Suite Supports Large Scale Transactions in Growing Asset Class—
CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, announced today it is expanding its Single-Family Rental (SFR) suite of information products and services to help facilitate investment decisions on rental properties and provide additional transparency for investors and lenders in this new asset class.
Two new additions to the suite are a Rent Amount Model that estimates SFR fair market rent and RentalTrends, a new data set that provides aggregated time series trends data, such as capitalization rates, rent amount and rent per square foot for single-family rental properties. Rental Trends offers coverage as broad as the national level and as granular as ZIPs, covering all 50 states and more than 17,000 ZIP codes. The CoreLogic SFR Suite consists of a relevant array of CoreLogic data products including automated valuation models (AVMs), broker price opinion (BPO) validation tools, home price indexes (HPI) and HPI forecasts.
In addition to the data products, CoreLogic also provides “boots on the ground” asset management services including property inspection and property preservation, eviction and relocation assistance services such as “Cash for Keys”, property tax, HOA, and escrow services.
“Our unparalleled data assets and hands-on experience allow us to continually add additional products like the Rent Amount Model and RentalTrends to the existing CoreLogic SFR suite, providing investors and property managers with the most up to date tool set to help maximize returns and manage risks,” said Ben Graboske, senior vice president, real estate and financial services at CoreLogic. “SFR is a new and evolving asset class and CoreLogic solutions help take time and friction out of the SFR investment and property management process.”
For more information please visit http://www.corelogic.com/solutions/reo-to-rental-solutions-for-capital-markets.aspx.
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. 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, transportation and government. 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 seven countries. For more information, please visit www.corelogic.com.
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