CoreLogic Integrate Property Tax Estimator With the Ellie Mae Encompass All-In-One Mortgage Management Solution
Email Dan Smith
March 02, 2017, Irvine, Calif. –
—Encompass Users Can Now Access Highly Accurate Property Tax Estimates from Leading Loan Origination Software Platform—
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced the integration of its Property Tax Estimator product on the Ellie Mae Encompass® all-in-one mortgage management solution. Property Tax Estimator is an automated solution designed to improve the accuracy of loan estimates (LEs) in the origination process, and provide better data to underwriters and servicers. The solution is particularly effective in estimating taxes for new construction and in areas of the country that have tax caps for existing residents, where the tax rate resets after a sale or transfer in ownership.
“The tax estimating process is critical to several stages of the mortgage cycle: disclosures, underwriting and servicing. Accurate tax estimates help deliver the right blend of quality, performance and efficiency required for optimizing the borrower experience while minimizing compliance risk,” said Kirk Randlett, Vice President, Operations, Tax Services Management, for CoreLogic. “Property Tax Estimator brings the full value of CoreLogic data capabilities in a solution that is now easily accessible via Encompass.”
Property Tax Estimator is designed to significantly increase the accuracy of LEs, reduce compliance risk and improve the customer experience. By delivering highly accurate tax data early in the process, Property Tax Estimator also helps underwriters qualify the borrower’s ability to financially support all mortgage costs, and improves the onboarding process for servicers. Additionally, it eliminates the need for any specialized skills required for data procurement and provides a consistent workflow process no matter the property, exemption status, county exception complexity, and loan officer tenure.
Property Tax Estimator joins other CoreLogic products currently integrated in the Encompass platform, including Instant Merge®, the nation’s most popular 3-bureau merged credit reporting solution, flood determinations, LoanSafe Appraisal Manager™, LoanSafe Fraud Manager™, LoanSafe Risk Manager™, Merge Plus credit supplements, 4506-T Direct, FinalCheck LQI Compliance, automated valuation models, SSN Verification and several services within the Ellie Mae Total Quality Loan™.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions 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 and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.