CoreLogic has made an update to the CoreLogic Discovery Platform, its cloud-based platform that allows data exchange, property analytics and integration with major cloud and tech providers.
The platform now offers pre-designed solutions that assist mortgage lenders with turning data into valuable insights. This enhancement (a click-to-insight capability) allows for faster decision-making and improved business outcomes, providing clients immediate access to actionable information.
Pre-built solutions within the CoreLogic Discovery Platform include:
- Market Share: empowers lenders to assess their market share at a granular level, including geography and loan type, to know their key competitors.
- Prospect Marketing: helps lenders optimize their marketing efforts by establishing specific buy-box criteria. This allows them to focus on potential borrowers most likely to be seeking a loan.
- Lost Leads & Payoff: allows lenders to track their portfolio runoff and identify competitors who won their lost leads to improve their competitive positioning.
- Collateral Risk: allows lenders to detect loans and regions with the highest risk of default, leveraging home price forecasts and identification of underwater loans.
- Affordable Housing: helps lenders identify low-to-moderate income census tracts and compare their performance to the top lenders and loan officers in that area.
- Climate Risk: delivers powerful climate-based insights by market, and within a lender’s portfolio.
In the first year since it was launched, the Discovery Platform has enabled more than 100 companies to discover, integrate, analyze and model property insights more quickly. Comments Devi Mateti of CoreLogic: “A year later, we are proud to continue evolving this transformative technology for more mortgage lenders, including those without access to data scientists, to enable them to compete more effectively in today’s challenging marketplace.”
