CORELOGIC SELECTED TO PROVIDE HUD WITH VALUATION AND DISPOSITION SERVICES FOR SINGLE FAMILY ASSETS

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Dan Smith
Investor Relations
CoreLogic
(703) 610-5410
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Alyson Austin
Corporate Communications
CoreLogic
(949) 214-1414
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October 23, 2017, Irvine, Calif. –

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that it has been selected to provide the Department of Housing and Urban Development (HUD) with a comprehensive set of valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF). Valuation and Disposition Services are designed to improve strategies for disposition in targeted delinquencies, determine disposition strategies and establish property values with a high level of confidence.

CoreLogic developed and integrated solutions with key strategic partners to deliver a comprehensive best execution methodology that meets HUD’s requirements for the valuation and disposition of distressed and REO properties. Those partners include companies such as Summit Consulting, LLC, a data analytics consulting firm that provides additional analytics to enhance the benefits of the CoreLogic solution: minimizing MMIF losses and maximizing returns to taxpayers. Summit’s analytical best execution calculator is a predictive modeling solution that integrates all of HUD’s disposition options in a unified framework.

The CoreLogic Valuation and Disposition Services solution provides HUD with several benefits, including:

  • Transactional support to determine the optimal disposition strategy.
  • Improved strategies for disposition assistance in targeted delinquencies.
  • Accuracy associated with property values.
  • A platform to provide fair market list price to HUD.
  • Advice on how to incorporate the most effective methods into transactional services.

“We are extremely pleased to be providing HUD with Valuation and Disposition Services. It represents the new standard for excellence, providing more informed decision making and speeding up the workflow process while preserving and protecting the value of the MMIF,” said Walter Allen, executive, Government Solutions for CoreLogic. “Given our position as a market leader in data, analytics and valuation services, we welcome the opportunity to participate in the effort to optimize returns on distressed assets.”

 About CoreLogic

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.

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