CoreLogic Mortgage Fraud and Valuation Member Consortiums Begin Today
September 19, 2012, Santa Ana, Calif. –
—Nation’s leading lenders address emerging trends in mortgage fraud and property valuation in order to reduce losses and improve loan quality—
CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, today announced the start of the fifth CoreLogic Mortgage Fraud Consortium meeting and first-ever CoreLogic Valuation Consortium meeting. The private event, which brings together industry leaders to discuss trends and solutions in fraud and valuations, will be held today through Friday, Sept. 21 in Chicago, Ill.
The consortium members’ meeting highlights lender presentations on challenges and strategies for managing risk within loan origination, loss mitigation, REO transactions, and through effective engagement with law enforcement. Consortium members will also receive the exclusive opportunity to preview findings from the upcoming 2012 Mortgage Fraud Trends Report. CoreLogic screens 80 percent of all U.S. mortgage originations for fraud and calculates over 1 billion residential property valuations each month.
Consortium meeting keynote speakers are Amy Heinz, director of the Mortgage Fraud Program for Fannie Mae, and Dr. Alfred Pollard, chief general counsel for the Federal Housing Finance Agency. Featured presenters include members of the FBI’s Chicago-based Bank Fraud Squad, Richard L. Borges, president-elect of the Appraisal Institute and Don Kelly, the executive director of Real Estate Valuation Advocacy Association.
The inaugural CoreLogic Valuation Consortium will highlight the latest information on government oversight and regulatory changes, as well as new methods to ensure accurate valuations and improve loan quality.Consortium members will benefit from structured discussion of best practices, exploration of new risk tools and resources, and networking with the other mortgage fraud and property valuation experts.
“Consortium membership and participation in consortium meetings is a critical investment of time that can help lenders better uncover the latest trends in risk management and collaborate to find real solutions to industry problems,” said Susan Allen, vice president of collateral solutions for CoreLogic. “CoreLogic created the Valuation Members’ Consortium this year in response to lender requests for a deeper and more integrated approach to property risk management. Our industry must take steps to adapt as both valuation and fraud risk continue to evolve and migrate in response to lenders and servicers managing heavy volumes of loans as well as shifting compliance requirements. The Consortium Members’ Meeting provides an invaluable opportunity for dialogue among industry experts that can pave the way forward for fraud risk management and more secure lending and servicing processes.”
Several CoreLogic executives will present at the meeting, including Susan Allen, Senior Vice President of Real Estate and Financial Services Ben Graboske, Chief Economist Mark Fleming, Vice President of Collateral Strategy Jacqueline Doty as well as Fraud Consultant Frank McKenna.
Though the consortium meetings are closed to the news media, event speakers and CoreLogic leaders are available for interviews. To arrange an interview, call or email the CoreLogic news media contact listed below.
For more information, visit http://www.corelogic.com/landing-pages/corelogic-consortiums.aspx
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 one of 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 approximately 5,000 employees globally. For more information, visit www.corelogic.com.
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