CoreLogic Introduces Next Generation LoanSafe Fraud Manager

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October 19, 2010, Santa Ana, Calif. –

CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information and business services, today introduced the next generation of LoanSafe Fraud Manager®, a customizable platform that builds upon the award-winning CoreLogic LoanSafe Fraud Manager and empowers lenders with more access, speed and control over their fraud management systems. Next generation LoanSafe Fraud Manager is the only fraud analytics solution available which leverages patented pattern recognition technology and offers comprehensive business intelligence and decision making by harmonizing data, analytics, policy, strategy and operational workflow. This holistic, web-based platform makes mortgage fraud prevention easily adaptable by fraud managers by minimizing reliance on information technology departments to address the everyday needs of fraud prevention teams.

“Lenders who want to remain competitive cannot continue doing business as usual when it comes to fraud management,” stated Avivah Litan, vice president distinguished analyst, at Gartner research firm. “Paper-based alerts and manual workflows are obsolete. Lenders today expect their risk management system to have an intuitive and interactive workflow with alerts and rules that can instantaneously evolve with emerging fraud patterns.”

“CoreLogic is again raising the bar on fraud by giving lenders the power to adapt their strategies and policies to respond within minutes as new fraud schemes appear,” stated Tim Grace, senior vice president, Fraud Analytics, at CoreLogic. “New and sophisticated mortgage fraud schemes can emerge overnight. We want to empower lenders to be able to stop those schemes through their own flash fraud rules and alerts. With next generation LoanSafe Fraud Manager, lenders can change their rules, add an alert or change a workflow within minutes of finding a new fraud trend.”

With next generation LoanSafe Fraud Manager, data and analytics effectively target which loans should be worked. Criteria are lender-driven, based on best practices, and can be changed from month to month or loan program to loan program. Lenders have the ability to easily and rapidly deploy new data sources and new analytics including rules, scorecards and pattern-recognition models.

Once lenders have identified the population of loans that most need attention, LoanSafe Fraud Manager prioritizes and determines the optimal action steps needed for each. The fraud manager’s ability to create strategies that combine scores and alerts along with action steps for the analyst that are specific to each lender’s best practices helps ensure that the optimal group of loans is worked in the best way in every instance.

Operational workflow is optimized by ensuring fraud prevention is repeatable and reproducible every time, as directed by the system and the lender-supplied best practices. An interactive workspace presents loan, borrower and collateral information within an easy to use browser-based interface. This workspace includes clickable, drill down information on all relevant fields (e.g., Social Security number, address, phone, etc.) and gives access to a customizable menu of third-party tools (e.g., maps, verifications, reverse lookups, etc). Next generation LoanSafe Manager includes user-friendly screens that summarize integrated loan risks, integrated risk action and disposition details.

The next generation LoanSafe Fraud Manager platform offers flexible integration with internal and external systems while minimizing IT involvement. A white paper on The Next Generation of Fraud Management provides more detail on limitations of current fraud prevention technologies and how lenders can now be in control of their fraud prevention management system. For additional information, please visit www.corelogic.com/nextgenfraud.

About CoreLogic
CoreLogic 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. 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 LoanSafe are registered trademarks of CoreLogic, Inc.