CoreLogic : Launches HOA Super Lien Check for Investors and Servicers

April 16, 2015, Irvine, Calif. -

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced HOA Super Lien Check, a new solution that helps investors and servicers monitor "at-risk" properties in the 22 states that give home owners associations (HOAs) super lien status.

Recently the Nevada Supreme Court and the District of Columbia Court of Appeals both held super liens filed by HOAs take priority over a lender's first deed of trust in the event of a foreclosure. In the Nevada case, an $885,000 first lien on a property was lost when an investor paid $6,000 in delinquent HOA fees and took control of the property. Unless a Request for Notice (RFN) is filed and recorded to counteract future risks, investors and servicers are exposed to significant potential losses.

HOA Super Lien Check is designed to protect loan portfolios or residential mortgage backed securities through the following process:

• Identifies loans within the 22 super lien states.
• Matches the loans to specific HOAs.
• Validates the HOA contact information, including whether there is a master association, sub association or property management company.
• Gathers the required loan and property information needed to complete a Request for Notice.
• Determines county filing requirements.
• Produces the RFN and sends it to the county for recording.
• Sends a copy of the RFN by certified mail or FedEx to the HOA.
• Monitors lien and foreclosure activity on the property on an ongoing basis.

"The Nevada Court's decision is a wake-up call for our industry," said Arlene Hyde, senior vice president of Compliance and Management Solutions at CoreLogic. "Investors and lenders are asking their servicers what steps they're taking to protect their properties and are looking for alternatives to overcome the information and logistical challenges involved in filing RFNs and monitoring lien activity. Our approach draws upon CoreLogic property and mortgage data and also leverages the company's new CondoSafe™ national COA data base as well as our document retrieval and recording capabilities."

For more information on HOA Super Lien Check, go to http://www.corelogic.com/superlien.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. 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, transportation and government. 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 seven countries. For more information, please visitwww.corelogic.com.

CoreLogic, the CoreLogic logo and CondoSafe are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are properties of their respective holders.

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