CoreLogic has been selected to provide the U.S. Department of Housing and Urban Development (HUD) with valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF).
CoreLogic’s Valuation and Disposition Services solution is designed to improve strategies for disposition in targeted delinquencies, determine disposition strategies and establish property values with a high level of confidence.
CoreLogic developed and integrated solutions with key strategic partners to deliver a comprehensive best-execution methodology that meets HUD’s requirements for the valuation and disposition of distressed and REO properties.
Among those partners is Summit Consulting, a data analytics consulting firm that provides additional analytics to enhance the benefits of the CoreLogic solution. Summit’s analytical best-execution calculator is a predictive modeling solution that integrates all of HUD’s disposition options in a unified framework.
The CoreLogic Valuation and Disposition Services solution provides HUD with several benefits, including the following:
- Transactional support to determine the optimal disposition strategy;
- Improved strategies for disposition assistance in targeted delinquencies;
- Accuracy associated with property values;
- A platform to provide fair market list prices to HUD; and
- Advice on how to incorporate the most effective methods into transactional services.
“We are extremely pleased to be providing HUD with Valuation and Disposition Services. It represents the new standard for excellence, providing more informed decision-making and speeding up the workflow process while preserving and protecting the value of the MMIF,” says Walter Allen, executive for government solutions at CoreLogic, in a statement. “Given our position as a market leader in data, analytics and valuation services, we welcome the opportunity to participate in the effort to optimize returns on distressed assets.”
