CoreLogic®, a provider of specializing in property information, analytics, and data-enabled solutions, has announced an enhancement to the CoreLogic Discovery Platform™. This cloud-based platform is known for its innovative data exchange, property analytics and integration with major cloud and tech providers, further positioning CoreLogic as a premier property and location intelligence service provider.
With the recent enhancement, the platform now offers pre-designed solutions that assist mortgage lenders with turning data into valuable insights. This update allows for faster decision-making and improved business outcomes, providing clients immediate access to actionable insights. The ‘click-to-insight’ capability highlights a commitment to usability and efficiency for lenders’ data-guided decision-making journey.
“Discovery Platform was designed to be a unified solution that combines data, enhanced analytics and cross-functional collaboration capabilities to help enterprises understand, improve and grow their business,” said Devi Mateti, President, Enterprise Digital Solutions Group, CoreLogic.
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 who their key competitors are.
- 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 in the market for a loan.
- Lost Leads & Payoff: allows lenders to track their portfolio runoff and identify which competitors 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, Discovery Platform, which is powered by the integrated property identifier, CLIP® ID, and built on more than 50 years of data spanning 99.9% of U.S. residential properties, has enabled over 100 companies to discover, integrate, analyze and model property insights to make critical business decisions faster.
