Santa Ana, Calif.-based CoreLogic has announced a new service designed to help originators identify potential Home Affordable Refinance Program 2.0 (HARP 2.0) prospects.
According to the company, a specific list of eligibility criteria, along with database filters and derivation techniques, identify potential HARP 2.0 eligible loans. The loan-to-value ratio (LTV) information is calculated using CoreLogic's automated valuation models (AVMs). CoreLogic re-evaluates its HARP 2.0 eligibility database with refreshed data monthly, providing originators access to updated and/or new leads in either single prospect or batch forms.
‘By utilizing CoreLogic proprietary databases and analytics teams, we can provide a targeted and customized list of very-high-probability HARP 2.0 refinance-eligible candidates,’ says Dianna Serio, chief data officer for CoreLogic. ‘Our ability to provide specific homeowner data, highly accurate loan-to-value estimates, identification of lenders, current owner occupancy status, and liens associated with a property can be especially helpful to originators looking to build or defend their current portfolio.’