CoreLogic First to Integrate Tax Return Income Verification Service with Mortgage Builder Software

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August 29, 2011, Santa Ana, Calif. –

—4506-T DirectTM helps lenders satisfy fraud detection and investor requirements—

CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that it is first to integrate a tax return income verification solution—4506-T Direct—with Mortgage Builder® Software, a leading provider of end-to-end loan origination software. The integration allows Mortgage Builder users to verify applicant income directly through the Internal Revenue Service (IRS), satisfy fraud detection requirements such as Fannie Mae’s requirement for third-party income verification, and detect inaccuracies in borrower-supplied tax information—directly from the Mortgage Builder loan origination system.

The CoreLogic optimized data submission process helps deliver tax return information to the IRS faster, so Mortgage Builder users can obtain quicker, more efficient income verification results. The 4506-T Direct product searches up to 4 years of IRS verified data on the borrower(s); provides automated, timely posting of transcripts; and is backed by proven quality controls to maximize IRS acceptance.

“The integration of 4506-T Direct significantly enhances our continued partnership with CoreLogic,” said Keven Smith, president and CEO of Mortgage Builder Software. “This expanded product offering, accessed directly and easily from the Mortgage Builder platform, supports our objective for setting a new standard in convenient, single-source access to advanced data solutions that help streamline the loan origination process for our customers.”

“Our 4506-T Direct service plays a critical, proactive role in evaluating and mitigating risk prior to loan submission,” said Tim Grace, senior vice president of Product Management and Analytics for CoreLogic. “With our fast, efficient IRS data submission process, lenders get income verification results faster, helping them make timely, more confident lending decisions.”

4506-T Direct is the latest to join other CoreLogic products currently integrated in Mortgage Builder Software, which includes the company’s popular 3-bureau merged credit reporting solution and flood determinations. For more information about the CoreLogic 4506-T Direct service, visit www.corelogic.com/MB4506.

About Mortgage Builder

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1997. Mortgage Builder was the first LOS to provide its full capabilities in Application Service Provider (ASP) form, as Software as a Service (SaaS), and in the traditional licensed, server-based configuration, providing complete flexibility to suit all client business models. Mortgage Builder is an end-to-end, “everything’s integrated” lending solution for both retail and wholesale mortgage production channels, automating origination, closing, post-closing, delivery, tracking and reporting functions. Essential enhancements, such as pricing and product eligibility (PPE), electronic document management (EDM) and electronic loan delivery functionality are built-in and available on demand, while compliant loan documents are provided at no additional cost. The company has been named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers for the fifth consecutive year, and was the winner of the magazine’s prestigious 2008/2009 Help Desk Award for outstanding customer service and the industry’s best technical support. Mortgage Builder is also a proud member of the Lenders One cooperative, the nation’s third largest retail mortgage originator, and is the cooperative’s sole LOS vendor partner. For more information, visit www.MortgageBuilder.com.

About CoreLogic

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 and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized 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. The company, headquartered in Santa Ana, Calif., has more than 6,500 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.

CoreLogic is a registered trademark of CoreLogic. 4506-T Direct is a trademark of CoreLogic. All other trademarks are the property of their respective holders.