CoreLogic Teams with CounselorDirect to Facilitate Home Finance Agencies Hardest Hit Fund Programs
Email Dan Smith
May 03, 2011, Irvine, CA and Santa Ana, CA –
—Partnership seamlessly integrates critical real estate data and analytics into the underwriting evaluation and decision process to reduce the elapsed time from the homeowner's initial application to assistance—
CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, in conjunction with innovative software provider, CounselorDirect®, announce their partnership to accelerate the underwriting process of the Housing Finance Agencies (HFA) Hardest Hit Fund programs by providing seamless access to real estate data and analytics required for processing.
Introduced in February, 2010, The HFA Hardest-Hit Fund was designed to allow the maximum possible flexibility to HFAs in designing locally-focused programs that address the needs of a specific state or region within a state. All programs must have foreclosure prevention and housing market stability as their primary objectives.
“We are pleased to partner with CoreLogic to provide our clients with access to the highest quality data and analytics,” commented Jason Connolly, president of CounselorDirect. “Through this partnership we are helping to establish a best practice for Hardest Hit Fund program deployments.”
“CoreLogic is committed to working with local, state and federal agencies to provide dynamic real estate information to help qualified homeowners gain access to available housing aid and counseling. CounselorDirect is an ideal partner because they help simplify and streamline the process,” said George Livermore, group executive, Data and Analytics Group, CoreLogic.
Based in Irvine, California, CounselorDirect is a software provider for HFAs (Home Finance Agencies), government agencies in financial sectors, non-profit counseling agencies, and foreclosure-prevention facilitators nationally. CounselorDirect has been successful in meeting a market need by changing with the economy and client demands. The U.S Treasury announced the HFA Hardest Hit Fund program in early 2010, giving HFAs a very short time frame to formulate a program and proposed platform. The California based software provider has been able to quickly respond to the market demand and develop tools that meet the needs of their clients. As a result, CounselorDirect has nearly a 58% market share among Hardest Hit Fund states and continues to provide innovations for their clients. CounselorDirect is not only the leading provider of software solutions for the states’ Hardest Hit Fund programs, but with the $7.6 billion federal dollars the government allocated to help provide mortgage assistance to struggling homeowners, CounselorDirect powered systems alone will facilitate saving homes of more than a million Americans that would have otherwise been displaced. For more information on CounselorDirect, contact 1.877.636.1691 or firstname.lastname@example.org.
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 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
CoreLogic is a registered trademark of CoreLogic.