CoreLogic Expands Loan Originator Access to Risk Mitigation Solutions Through Integration with QuestSoft Compliance System
May 02, 2013, Irvine, Calif. –
—CoreLogic solutions immediately available on seven leading loan origination systems—
CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today announced the availability of its LoanSafe® suite of risk mitigation solutions on seven loan origination systems (LOS) through integration with QuestSoft’s Compliance EAGLE®, a mortgage compliance review system. The LoanSafe Suite is now available through the Blueberry Relay™, Calyx® Point®, Ellie Mae® DataTrac®, Harland E3®, ISGN® MORvision™, LPS® Empower® and OpenClose systems.
The CoreLogic LoanSafe suite is designed to help lenders minimize collateral risk and maximize fraud detection. Integrating the LoanSafe suite directly into QuestSoft’s Compliance EAGLE brings these services to originators faster by significantly collapsing LOS integration timelines, which can take as long as two years.
“CoreLogic is actively broadening the channels through which loan originators can use our risk mitigation solutions, helping them improve loan quality and assist with best practice data validation in their loan origination process,” said Dave Ard, senior vice president, Business Development for CoreLogic. “QuestSoft Compliance EAGLE will provide our clients with a simplified, streamlined experience, helping create a more efficient and productive loan cycle.”
QuestSoft, based in Laguna Hills, Calif., is a provider of compliance software for the mortgage, banking and credit union industries. QuestSoft’s Compliance EAGLE uses automated rule sets to identify regulatory exceptions and simultaneously perform time-saving tasks involved in addressing fraud and compliance issues.
“The results of this partnership will provide immediate benefits to QuestSoft, CoreLogic and our respective customers,” said Leonard Ryan, president of QuestSoft. “For QuestSoft customers, they now have access to industry-leading fraud analytics present in LoanSafe. At the same time, CoreLogic is able to immediately expand its product offering across seven Compliance EAGLE-integrated loan origination systems, with three more Compliance EAGLE integrations of the LoanSafe Suite expected to be available by the end of summer.”
For more information about the LoanSafe suite of services, please visit:
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The Company’s combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 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, transportation and government. 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 seven countries. For more information, please visit www.corelogic.com.
CoreLogic, the CoreLogic logo, and LoanSafe are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.