CoreLogic Enhances Its Home Equity Data Offerings

CoreLogic reports that its Loan Level Home Equity solution now includes new information on utilization trends, including timing of draws, draw repayment terms and the reasons for loan/line disposition.

The solution provides monthly loan level performance information and is designed for portfolio risk modeling, including in-depth risk analysis and market simulations.

The data that powers CoreLogic's home equity data offerings is provided by eight of the top 10 lenders offering home equity lines of credit and home equity loans. The database currently includes more than 37 million records on the performance of 6.2 million loans with active balances totaling more than $315 billion, CoreLogic says in a release.

The enhanced home equity data set also expands the capabilities of CoreLogic's TrueStandings home equity solution, which delivers aggregated home equity data analytics including monthly performance data.

The solution is designed to analyze and benchmark origination, delinquency and prepayment performance at a market level.

Using these solutions, lenders can assess the payment shock risk associated with seasoned HELOCs converting from draws to repayment terms; analyze performance and delinquency trends of their portfolios and make market comparisons for both lines and close-end loans; perform utilization analysis on HELOCs; and make better-informed home equity underwriting and marketing decisions.


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