Mortgage lending has changed dramatically in a very short time. Loan numbers may be down, but the pressure to make wise lending decisions has never been greater. There's no room for information, process, or resource gaps when you need to have confidence in every lending decision.
At CoreLogic, we understand how vital closing the gaps is to meeting the challenges you're facing. We've spent years putting together a full complement of products and services for mortgage lenders and we never stop finding new ways to make your job easier.
We cover you across the spectrum—from marketing to post closing. Among the many products and services designed specifically for mortgage lenders, you'll find tools at every point along the lending continuum.
Our vast data resources, analytic tools and outsourcing services help you conserve valuable time and staff resources by eliminating unnecessary tasks. Among the many products and services we offer at the application stage, you'll find:
Industry-leading Automated Valuation Models (AVMs) and GeoAVM Cascade Suite deliver the accuracy and fulfillment rates you need. In addition, MLS Data-Driven Solutions, like our Listing and Market Activity Report add current-market insight with in-depth reporting. For customers who prefer to establish their own parameters for models, accuracy, coverage and data sufficiency, we also offer a Custom Cascade Service.
Our RAVE Database offers another valuation option by providing all staff, from loan officers through quality control professionals, with instant access to continuously updated GeoAVM Cascade results. The RAVE Database contains results of our perpetually running cascade, which cycles through our property database of more than 143 million properties at least once every 14 days.
We close the information gap on borrower credit through our comprehensive offering of credit reporting tools. The tools most popular with mortgage lenders include ENCORE, Instant Merge, Merge Plus,Residential Mortgage Credit Report (RMCR), Anthem Report and CreditXpert. Each offers a distinct view of borrower credit, allowing you to choose the perspective you find most valuable.
Our award-winning LoanSafe Fraud Manager uses patented predictive-analytics scoring technology to expose suspicious mortgage loans at the application stage, or anytime during the lending process. In addition to this encompassing model, we offer automated tools that detect specific types of fraud.
Leveraging the powerful fraud analytics in LoanSafe Fraud Manager with an FCRA-compliant consumer report,, LoanSafe Decision Manager allows you to make loan-level decisions on a potential borrower, based on information contained in the consumer report. You get the same scoring and analytics you've come to rely on in LoanSafe Fraud Manager, and the added security of FCRA-compliant decisioning.
We also offer Undisclosed Debt Monitor to help you uncover borrowers' hidden debt obligations, a Borrower Activity Report that checks for other lending activity by the borrower, and an Address Activity Report that checks for other loan application activity on an address.
Simplify compliance with our 3-Day Disclosure Packages for automated package preparation and delivery.
We offer outsourcing services that help eliminate traffic bottlenecks and reduce time-consuming, but critical, administrative tasks, such as ensuring the accuracy of legal descriptions and managing document recordation to completion. Our Rapid Deployment Teams provide skilled personnel and teams that deploy in days—not months. Made up of veteran origination professionals, the teams serve as a strike force you can send into areas of critical need and quickly redeploy as operational needs change. We offer Loan Production Data Entry and QC to minimize repetitive data entry and costly data errors.
Loan Origination System
The CoreLogic Dorado closing module provides tools for document preparation and a checklist with tracking to ensure each closing task is completed properly. The closing module is part of the larger lending-automation suite, which offers centralized viewing that enables simultaneous collaboration on loan files from multiple locations. Managers can view the status of all loans at all stages of the lending process through the system's rich Internet application (RIA) interface.
We help ensure documents are prepared properly and delivered where and when you need them. Our DocPrep Closing Package offers standard and customizable document preparation services for conventional, FHA, and VA loans.
Our innovative FinalCheck brings together three LQI-compliant prefunding solutions: CreditCheck, AppCheck, and FraudCheck to verify quality before funding. Along with FinalCheck, our full-spectrum origination products and service offerings enable you to deliver GSE loans with confidence.
We efficiently arrange property tax payments and escrow accounts setup through our full service Property Tax Solutions, which include Accelerated Tax Set-Up, offering an accelerated search for required agencies, tax IDs and last available installment amounts with customized output you can upload to your system. In addition, InstantData helps you prepare Good Faith Estimates (GFEs) and HUD-1 Settlement Statements quickly and accurately using real-time real estate tax information, and our InstantData for RESPA helps minimize risk and avoid RESPA fees and penalties.
As mentioned above, FinalCheck provides a fast and easy fraud review combining CreditCheck, AppCheck, and FraudCheck to verify quality before funding. In addition, our CoreLogic Fraud Consortium enables us to provide two innovative fraud detection tools that can prevent costly losses. Our Multi-Closing Alert Program helps you fight multi-closing (shotgunning) fraud by notifying you when a property is simultaneously closing with another lender. We also provide our Short Sale Monitoring Solution to protect you against avoidable losses resulting from short-sale fraud and under pricing.
Our auditing teams offer independent, third-party loan file reviews to ensure you staff meets regulatory guidelines and internal business rules and policies. We can provide random checks, reviews of files you designate, or full portfolio reviews, depending on your needs. Our auditors work remotely from our CoreLogic facilities, accessing your files via secure VPN/Citrix access.
We offer information-driven marketing tools to help you find, contact and retain qualified borrowers. Among the products we offer, you'll find:
Access our impressive data sources to generate targeted mailing lists with ListSource, featuring a wide selection of search criteria you can combine to create focused lists quickly and easily. Our RealQuest platform also delivers a valuable selection of origination-related tools and enables you to zero in on details to create precisely targeted prospect lists.
When you need a way to append critical property or loan level data to your existing list, or when surgical customization is required, we recommend our Custom Data Solutions® and Match and Append Services. Our Custom Data Solutions enable you to search our database covering 99.9% of all U.S. properties. All you have to do is select the criteria that define your best prospects and search area—we'll do the rest. To simplify cross selling and list suppression, our Match and Append solution matches your list against ours to include or eliminate names that match your specific criteria.
Take list generation to the next level with Precision Marketing Solutions. Precision marketing offers a two-step process to narrow your list to fit within tight parameters, enabling you to target prospects who are most likely to buy.
While we offer only a handful of products directly to consumers, we provide attention-grabbing tools that help you reach out to prospects. ValueMap combines our proven automated valuation models with user-friendly mapping to keep prospective borrowers coming back to your website. And our unique ePropertyWatch service keeps you in constant touch with existing customers by providing a beneficial service.
Our post-closing solutions help you ensure that loans move from origination to servicing without any gaps remaining. Once the loan is closed and the borrower is making mortgage payments, our portfolio monitoring and analysis keeps you informed of risk exposure. But we don't stop there. We also provide you with insight through business intelligence tools that combine your data with our vast data resources and analytic expertise to promote your long-term success.
As a partner in your continued success, we provide quality control audits that deliver information you can use to improve operations. Our teams of veteran underwriters use proven analytic tools to uncover breaches, misrepresentations and other issues. Using retrospective underwriting, we validate data, detect income and occupancy misrepresentation, and verify guideline adherence on credit, collateral, and predatory-lending regulations.
Trailing Document Services
From the point loan documents are sent for recording, ePostClosing.com efficiently monitors the status of recorded deeds and title policies, and quickly obtains final documents for you. Our distinctive solution combines a fully automated tracking system with customizable follow-up services for seamless integration into your existing business process.
Our veteran due diligence professionals can quickly examine loan files and apply automated tools from our wide array. The combination of knowledgeable auditors and our extensive selection of automated tools allow us to verify that loans in your portfolio meet requirements of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, FHLB, secondary market investors, and regulators, as well as your internal requirements.
Loan Pool Due Diligence
As the mortgage-backed securities market begins to rebound, investors will most certainly be cautious and you can expect that each loan in every pool will undergo scrutiny. To meet the demands of the times you need to new type of due diligence. We call it New Diligence, and it combines our wealth of data, analytics and expertise into a customized solution designed to your specifications. Learn more about our Capital Markets Solutions.
Portfolio Monitoring and Analysis
You want to stay on top of portfolio risk and we want to help. To make that possible, we offer more than a dozen Portfolio Monitoring tools. Among them you'll find Account Monitoring to keep you aware of borrower credit file changes, LienWatch to keep an eye on loan file delinquency, TaxWatch for monitoring risk resulting from delinquent taxes and/or tax sales, and the RAVE Database, our perpetually running AVM cascade that helps you stay abreast of property value changes.
Our equally numerous Portfolio Analysis automated tools and services include RiskModel for projecting potential outcomes, Portfolio Credit Review of credit scores, and TrueLTV for revealing and evaluating hidden liens.
From our expansive selection of automated tools, data resources, and time-tested expertise, we can work with you to develop a portfolio management solution that gives you the in-depth insight you need to stay on top of and manage risk.
When you work with us, you get the benefit of our decades of experience working with lenders, our vast data resources, and our ability to develop analytic tools the turn data into knowledge you can use. One example is TrueStandings Securities, our online tool for portfolio analysis. But over the years, we've also provided a number of made-to-order solutions. These are proven solutions our customers have used to solve specific problems or meet defined needs. As such, they remain available to enable you to meet similar challenges. Using these customer-driven solutions, we can help you develop strategic cross-selling campaigns, evaluate new markets, manage customer credit lines and features, monitor and analyze portfolio runoff, monitor market share, and more.
During the pre-application stage, we help you begin a tradition of great customer care from the first moment of contact.
Inbound Call Capacity
Our Contact Center Services provide staffing to help you handle phone applications and manage call volumes.
Our inbound call center is just one of the many domestic and offshore outsourcing services we provide to help you manage volumes wisely and shift capacity to meet changing demands.
We know that today's loan origination process is more complex than ever. Words like "quality" and "transparency" have taken on added meaning as regulations and requirements continue to multiply. In the face of increasing complexity, we offer simplicity through easy access to borrower, property and market information; advanced workflow automation; reliable valuation services, and flexible outsourcing solutions—all designed to smooth the path to high-quality loans and top-down transparency. Among our wide array of loan processing products and services, you'll find:
Our Rapid Deployment Teams offers a unique outsourcing solution, providing skilled personnel and teams that deploy in days—not months. Made up of veteran origination professionals, Rapid Deployment Teams serve as a strike force you can send into areas of critical need and quickly redeploy as operational needs change.
Though strategically placed within your process flow, our teams work remotely from our CoreLogic® facilities, accessing your files via secure VPN/Citrix access. We carefully screen and hire skilled employees who undergo your training, work on your system, and follow your processes, procedures and reporting protocols. You gain the workforce boost needed through a solution that aligns with your operation and addresses your security and control concerns.
In March 2011, Dorado Network Systems Corporation joined the CoreLogic family to provide customers with a loan origination system (LOS) offers centralized viewing, enabling simultaneous collaboration on loan files from multiple locations. Managers can view the status of all loans at all stages of the lending process through the system's rich Internet application (RIA) interface.
While many equate the GSE Loan Quality Initiative with exclusionary list checking, it's a far more comprehensive program that requires that you check and verify borrower credit, identity, occupancy status, undisclosed liabilities, and property values, while also safeguarding against the effects of market volatility, flipping; loan fraud, and material misrepresentation.
Our innovative FinalCheck brings together three LQI-compliant prefunding solutions: CreditCheck, AppCheck, and FraudCheck to verify quality before funding. Complementing FinalCheck, our full suite of loan processing solutions enables you to deliver GSE loans with confidence.
Income, Identity & Employment Verification
Our automated tools make it easy to verify borrowers are who they say there are and that the employment and income information submitted is true. We offer two tools for identity checking. SSN Confirm verifies numbers directly with the Social Security Administration and ProScan ID helps you meet compliance requirements for the Customer Identification Program (CIP) and the Red Flags Rule. ProScan Index takes it to the next level, offering the features of ProScan ID, along with a 0 to 999 score indicating the level of identity risk for each borrower.
For income and employment, we offer three automated tools. 4506-T Direct provides actual IRS transcripts, including all income tax schedules. Our Verification of Employment (VOE) service turns over your employment verification tasks to our specialists, trained in quickly researching employment histories.
Our award-winning LoanSafe Fraud Manager uses patented predictive-analytics scoring technology to expose suspicious mortgage loans at the application stage, or anytime during the lending process. In addition to this encompassing model, we offer automated tools that detect specific types of fraud. For borrower credit, ENCORE provides a 360-degeree view of your borrower by combining consumer information from hundreds of data sources.
We also offer Undisclosed Debt Monitoring to help you uncover borrowers' hidden debt obligations, a Borrower Activity Report that checks for other lending activity by the borrower, and an Address Activity Report that checks for other loan application activity on an address.
We can say with confidence that no other company offers the volume of property, parcel boundary, flood and tax data we provide. We continuously update our nationwide property-related databases and help you turn that data into actionable knowledge through tools that include our RealQuest property search engine, Flood Determination Services, Property Tax Solutions, and more.
Minimize cost, augment productivity and increase accuracy - with CoreLogic automated valuation models (AVMs). Quickly manage your collateral risk and gain insight into properties or loans of questionable quality.
OnSite Plus can be bundled with CoreLogic industry-leading AVMs, AVM cascades, or ordered on a standalone basis. Onsite Plus includes a post-inspection quality assurance process.
At a price point considerably lower than a traditional appraisal, RER™ and RER Express is a logical choice for non-purchase loan originations such as refinances, second mortgages and HELOCs. As a USPAP Compliant Appraisal, the Residential Evaluation Report can substitute for a 2055 Appraisal.
The QM and ATR Rules require you to make a “reasonable and good faith determination at or before the consummation that the consumer will have a reasonable ability to repay the loan according to its terms.” You now have two related compliance challenges.
You must develop processes that assure the “production” of compliant loans.
You must have the ability to document such compliance to a regulator.
Whether or not you plan to originate QM-compliant loans, as of January 10, 2014,every loan that you originate must comply with the 8 ATR requirements.
CoreLogic has the compliance solutions you need, when you need them, delivered how you want them, from the platforms you already use. CoreLogic provides third party verification and full documentation to help you comply with the ATR and the CFPB's audit requirements.
Rigorous underwriting standards are vital to maintaining credibility with regulators and investors—both critical to your long-term success. But while underwriting will always be the most time- and resource-intensive step of loan origination, there are ways to streamline the process. We offer a number of intelligent analytic tools that help you reduce the amount of time required to underwrite a loan, while enhancing your ability to make wise decisions. In addition, our outsourcing services allow you to scale to meet demand, reduce administrative burdens, and help reduce internal operating costs.
Our extensive selection of underwriting products and services includes:
Through our Rapid Deployment Teams, you gain access to skilled underwriters and teams that deploy in days—not months. Made up of veteran underwriting professionals, Rapid Deployment Teams are strategically placed within your process flow but work remotely from our CoreLogic facilities, accessing your files via secure VPN/Citrix access. We carefully screen and hire skilled underwriters who undergo your training, work on your system, and follow your processes, procedures and reporting protocols. You gain the workforce boost needed through a solution that aligns with your operation and addresses your security and control concerns.
Loan Origination System (LOS)
Within the CoreLogic Dorado LOS, the underwriting module offers the ability to perform and keep track of underwriting tasks. The lending-automation suite offers centralized viewing, enabling simultaneous collaboration on loan files from multiple locations. Managers can view the status of all loans at all stages of the lending process through the system's rich Internet application (RIA) interface.
To help ensure collateral value meets your standards, we offer comprehensive collateral analysis through LoanSafe Collateral Manager. Each of our collateral evaluation tools draws from our vast real estate, mortgage, securities, credit, and fraud databases through analytics that turn that data into meaningful knowledge.
In addition, our Automated Valuation Models (AVMs), GeoAVM Cascade Suite and MLS Data-Driven Solutions add increased certainty of valuation accuracy.
It's not uncommon for a loan file detail to trigger a concern about the borrower. We make it easy for your underwriters to confirm their suspicions or allay their concerns with automated tools that verify borrower identity, income, employment and credit history.
Our innovative FinalCheck brings together three LQI-compliant prefunding solutions: CreditCheck, AppCheck, and FraudCheck to verify quality before funding. Along with FinalCheck, our full suite of underwriting solutions enables you to deliver GSE loans with confidence.
As the number of t's to cross and i's to dot continues to increase, the benefits of automation and outsourcing continue to grow. Our Credit Score Disclosure with Notice to Home Loan Applicant eliminates concern over delivering federally mandated notifications, while our ProScan suite and standalone list-checking services help you meet government requirements for identity and lending eligibility.
Individual and comprehensive combined checks include SSN Confirm, ProScan Alert and ProScan Index to help prevent identity theft, ProScan ID to meet Customer Identification Program (CIP) and Red Flag Rule requirements. Other tools to meet the Red Flag Rule include Red Flag Summary and ProScan OFAC, which also enables you to comply with CIP, applicable U.S. Patriot Act sections, and Office of Foreign Assets Control (OFAC) requirements.
Natural Hazard Risk Solutions
Improve natural hazard risk management by assessing exposure to natural hazards - including storm risks, fire risks, land-based risks and other risks - for a single property or an entire portfolio.
Our Flood Determination Services provides basic flood determination, refinance-related loan determination, special properties, census tract data and life-of-loan flood update services. We also offer a remarkable set of predictive Hazard Analytics to monitor natural hazard risk exposure.
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CoreLogic Products and Technology help drive RPM Mortgage