CoreLogic : Launches Servicing-Focused Compliance Solution

October 30, 2014, Irvine, Calif. -

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced a faster, lower cost, configurable, portfolio-level lien analysis solution for servicers to determine lien status, current equity position and the borrower's updated credit picture to drive compliance decisions. The new solution is in use now by several large servicers for portfolio analysis and to make loan modifications, principal forgiveness and write-off decisions required by various consent agreements and by RESPA Reg X.

The solution is capable of evaluating very large portfolios in one to two business days. It can also be combined with additional property data reports to deliver "deeper dives" into property ownership, similar to what is provided in a full title report at a much lower cost to the servicer.

The solution combines public records data, valuation models and FCRA-compliant credit information to give servicers a more complete picture of the current status and viability of the loans in their portfolios. For example, it can determine:

• Which liens in a portfolio are still active, and which have been wiped out by foreclosures.
• Whether additional liens have been added.
• The hierarchy of current liens tied to the property.
• The current value and ownership of the property.
• The borrower's financial picture.

Typically, the solution is used to create a "waterfall" that helps servicers and investors sort first and second liens to make modification and forbearance decisions. CoreLogic can also assist in the preliminary decisioning on recommended treatments and likely outcomes.

"Large servicers are continually re-evaluating their portfolios to make sure that they are complying with consent orders, national servicing standards and RESPA," said Steve Stein, senior vice president, Market and Client Strategy & Product Marketing at CoreLogic. "Our new solution can quickly-and less expensively-help clients identify loans for various types of treatments, including modifications and write-downs, and deliver an updated risk profile at both the portfolio and loan levels."

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company's combined data from public, contributory and proprietary sources includes over 3.5 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, 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.

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