Irvine, Calif.

CoreLogic Introduces Verification of Employment and Income Solution to Expedite Borrower Verification Process


—Enhanced solution from CoreLogic Credco implements three-step “waterfall workflow” to ensure verification of every borrower—

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released an enhanced Verification of Employment and Income (VOE/I) product. The comprehensive new VOE/I product takes time, touch and cost out of traditional employment and income verification through a three-step “waterfall workflow” process, ensuring that every mortgage applicant can be verified.

An inefficient applicant verification workflow can cost lenders time and money. The enhanced VOE/I product features a three-step “waterfall workflow” that ensures each borrower’s employment and income is verified as efficiently as possible.

  • Step One: Instant verification via a direct integration to The Work Number (TWN)
  • Step Two: Automated verification leveraging dozens of third-party data sources
  • Step Three: Manual verification by a team of dedicated CoreLogic verification experts

“We are excited to announce this enhanced Verification of Employment and Income product," said Jay Kingsley, executive, CoreLogic Credit and Borrower Solutions. “No matter how lenders currently verify applicant employment and income, we believe this product will help them do it more efficiently.”

In addition to the waterfall workflow, the enhanced VOE/I product offers an easy to use interface with real-time tracking and detailed status labels to better understand where each submission stands.

VOE/I is part of the larger CoreLogic AutomatIQ Borrower digital mortgage solution. Launched last September at the Digital Mortgage Conference, AutomatIQ Borrower is designed to help lenders transform their current mortgage underwriting workflows by digitizing, automating and streamlining borrower analysis and verification so they can originate quality loans faster.

For more information on VOE/I or AutomatIQ Borrower, visit www.corelogic.com.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 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, and the public sector. 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 North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo and AutomatIQ Borrower are trademarks of CoreLogic, Inc. and/or its subsidiaries.