CoreLogic Launches LoanSafe Appraisal Manager

Santa Ana, Calif.-based CoreLogic has released the LoanSafe Appraisal Manager, a new tool that the company says integrates data sets from resources such as the Multiple Listing Service with exclusive national listings from Partner InfoNet and automated valuation models.

The LoanSafe Appraisal Manager also includes an analytic model, configurable tools, a compliance rules engine, and an overall risk score. According to CoreLogic, the risk score enables reviewers to quickly prioritize appraisals at the highest risk of repurchase and allocate review resources more effectively.

Recent testing by the company found that appraisals that scored in the ‘highest risk’ category by LoanSafe Appraisal Manager were five times more likely to require a significant value reduction than were those appraisals with the lowest risk scores. Additionally, loans with the highest loss-risk score were 15 times more likely to experience an early default, CoreLogic says.

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