In a declining market, every passing day means money lost
Our short-sale, deed-in-lieu, foreclosure, and REO technology tools and services offer solutions that help reduce your time to closing and minimize loss severity. Once it’s clear a borrower has no interest in or does not qualify for a loan modification, you need to move quickly to curb your losses. At CoreLogic, we deliver the support you need to smooth the path to a speedy completion.
We offer innovative workflow and automated decisioning within a flexible, scalable, Web-based framework to drive efficiency and reduce costs. Some solutions work across all types of disposition transactions, while other address transaction-specific challenges, such as our Proactive Short Sales and REO Services.
Proactive Short Sales includes data, analytics and technology, as well as access to vendor networks, tactical resource deployment, and support services to help you identify the best candidates and reach out proactively to help you improve your short sale pull through.
Short Sale Monitoring Solution protects lenders from avoidable losses resulting from short-sale fraud and under-pricing.
REOWatch™ allows you to track the post-closing performance of REO sales through instant alerts and key-metrics monitoring. This tracking and reporting provides key insight into your portfolio performance over time, and allows you to modify business and inventory-pricing strategies based on real-world data.
Default Technology Solutions
Our default technology allows tasks to move fluidly through the default pipeline with less human intervention and greater transparency, enabling staff in different departments to view all loan activities. This provides improved oversight and control by enhancing top-down transparency, real-time reporting, and secure Web access.
Components and functionality include:
iClear Electronic Invoicing automates and streamlines invoice management and provides top-down visibility and audit trails to ensure invoices move through the system correctly.
VendorScape Case Management System (VSCMS) offers powerful yet flexible tracking and communication functions that allow vendors to process their work efficiently and according to their own established business practices. VendorScape CMS reduces referral completion to an average of 23 days less than established governmental or investor timelines.
VendorScape Service Gateway is an advanced, Web-based solution that automates order submission, fulfillment and reconciliation of third-party services.
VendorScape Case Loss Mitigation , our advanced loss mitigation solution, evaluates loan properties, borrower’s interview results and financials, and recommends available workout plans.
TaxWatch® for VendorScape helps compress case management timelines and reduce the risk of fees and penalties with one-touch property tax data retrieval.
VendorScape Preforeclosure and Foreclosure modules provide streamlined document management and decision-making tools to help you meet investor and insurer guidelines. It also helps investors verify that the property has sufficient equity to proceed with foreclosure. The module offers preforeclosure support and, once the foreclosure begins, provides all components needed to manage the foreclosure according to jurisdiction, loan type, and investor requirements. It also monitors second liens and offers connectivity with attorneys and other business partners.
VendorScape Bankruptcy module provides end-to-end bankruptcy management and integrates electronic court-filing services, bankruptcy notification, disposition monitoring, and integration with BANKO. It also tracks payment history, monitoring, and reconciliation to improve auditing capabilities.
VendorScape Litigation simplifies litigation management and provides support for eminent domain, mechanics’ liens, probate, delinquent tax sales, title claims, contested foreclosures, and other litigation matters. The module works closely with other modules and has built-in task management, document management, and messaging capabilities.
Our flexible framework adapts to your business model, rather than forcing you to adapt your operations to our technology. In addition, our open architecture enables easy integration with your existing in-house and third-party applications.
Property-Related Products and Services
With the nation’s largest property and ownership database and the largest nationwide network of valuation experts, we can easily satisfy your needs.
Document Retrieval Services give you access to our proprietary repositories, online databases, source libraries and nationwide network of field researchers to get a cost-effective solution for obtaining mortgage information and recorded documents.
ValueView Inspection brings you an affordable, one-page solution to determine property condition. It includes a current photograph and a concise onsite inspection report completed by a licensed real estate broker/agent.
ValueView Inspection + AVM is a hybrid valuation alternative that gives you the best of both worlds—the benefits of AVMs and on-site inspections.
Valuation Products and Services
GeoAVM Distressed™ provides a quick, low-cost, automated valuation that delivers current or retrospective valuations with information-rich property reports. Ideal for early, repeat and volume valuations, dramatically reducing distressed-asset valuation time and expense.
At CoreLogic, we understand that your needs are unique and will work with you to customize a solution that fit your needs precisely.