Supplemental credit data increases visibility into borrower credit capacity and behavior
Available exclusively from CoreLogic Credco®, the CoreScore™ Credit Report is designed to provide increased transparency into a borrower’s credit history. Delivered in seconds, this CoreLogic credit report combines our proprietary data with traditional credit report data from the national credit bureaus into a single, integrated report. The result is an expanded, fully decisionable and FCRA-compliant CoreLogic credit report that helps lenders mitigate risk by uncovering additional debt obligations, and increases new lending opportunities by identifying previously hidden credit behavior that could improve a consumer’s credit profile.
Exclusive data intelligence
The supplemental data featured in the CoreScore Credit Report is sourced exclusively from the CoreLogic proprietary information databases, the largest and most comprehensive collection of real estate, rental information and public records in the nation. Our databases contain nearly 1 billion consumer transaction records covering 99.9 percent of the U.S. population including county, municipal and special tax jurisdictions, residential properties and liens and consumer-specific bankruptcies, liens and judgments.
The CoreLogic aggregated consumer data includes:
- Property ownership and mortgage obligation records
- Property legal filings and tax payment status
- Rental applications and evictions
- Inquiries and charge-offs from pay-day and online lenders
- Consumer-specific bankruptcies, liens, judgments and child support obligations
Plus, we add new tradelines and other public record transactions in an average of just 23 days – which can be up to two months sooner than traditional credit report updates – allowing lenders to obtain additional critical borrower data, faster.
CoreScore Scoring Solution
To help lenders fully benefit from and easily operationalize the CoreScore Credit Report, CoreLogic will soon be offering a fully decisionable, easy-to-interpret scoring solution. The solution will be designed to capture the predictive benefit of the exclusive data contained within the CoreScore Credit Report – combined with traditional credit bureau data and scores – to deliver a comprehensive consumer credit risk solution.
