CoreLogic Credco, a provider of merged credit reports, has launched a new version of the ENCORE report, which the company describes as a decisionable solution that delivers a mortgage lending and servicing risk analysis.
The latest version of the report includes more fraud-specific alerts, optimized predictive fraud scoring models and more robust proprietary data, CoreLogic Credco says.
"In a recent test of more than 1 million loans, it identified 70 percent of the lender-identified fraud and more than 50 percent of the total foreclosure and charge-off losses within the top 10 percent of scores – and produced significantly fewer false positives,’ says John Bauer, senior vice president of credit and transportation services for CoreLogic Credco.
SOURCE: CoreLogic Credco
