Business Challenge
Mortgage fraud is potentially occurring throughout the loan origination process, and we need to create a system of “checks & balances” to safeguard us from potential fraud.
Solution: LoanSafe 2.0 to Mitigate Loan Application Inaccuracy
Many loan originators are taking proactive steps to mitigate the risk of loan application inaccuracies before approving and originating their loans. CoreLogic’s LoanSafe 2.0 assigns a loan’s overall risk by evaluating, weighting and combining the risk levels of six key contributing metrics. An overall rating is delivered along with specific ratings for each contributing metric—with recommended actions to confirm or correct them.
LoanSafe 2.0 is logically straightforward, intuitive and easy to master—the result of highly sophisticated analytics technology performing lightning fast behind the scenes. Results display in vivid graphic risk indicators that include unambiguous explanations and suggested next-steps based on your internal policies.
LoanSafe 2.0 Product Highlights
LoanSafe 2.0 collateral risk-assessment advantages include:
- Heavy weighting toward collateral performance risk assessment
- Proprietary risk engine instantly spots inaccurate or misrepresented values
- Proprietary scoring evaluates multiple collateral, agent, borrower risk metrics
- Metrics include geographic, appraisal, pricing, default, market conditions
- Flags early payment default and loss severity risk
- Low false-positive rates
CoreLogic is the leading provider of a series of mortgage solutions to enhance your mortgage origination and servicing business. Contact us to learn more about LoanSafe 2.0, our AVM, our data append services, or any of our variety of other information capabilities.