Convert Challenges into Opportunities
CoreLogic® provides the industry-leading information and analytics you need to convert your challenges into opportunities. Our wide selection of solutions enables you to more accurately analyze your portfolio risk, and better target current and potential members with offers designed to meet their needs. Quickly, accurately and cost-effectively.
Unprecedented Risk
Credit unions nationwide are facing serious challenges to their asset security. While prudent lending practices protected most credit unions from high foreclosure losses, even the most cautious are at risk.
- Unemployment is affecting members across the country
- Decreasing home values result in negative equity, turning good credit into bad
- Adjustable rate mortgage resets continue to lead to growing mortgage delinquency rates
- Since only 3 percent of members hold mortgages with their credit union, it can be challenging to determine who is struggling to meet mortgage payments
- The continuing rise in mortgage fraud, with emerging and changing tactics, remains an ever-present risk
- The stimulus plan means federal monies are available, but can also create a slippery slope
While the outlook is cloudy, one thing is clear: you need an unobstructed view of every asset in your portfolio, and the ability to put the right solutions in place to protect against future risk.
Unparalleled Opportunity
While current risks may be high, the opportunity for market expansion has never been greater. As a not-forprofit, member-owned financial cooperative, your credit union stands apart. While you offer many of the services banks and lending institutions provide, you played no part in creating the current crisis. Which means you are the welcome alternative customers are increasingly choosing to embrace.
- The time is right to attract new members and market additional services to current members
- With fewer competitors, the demand for loans remains high, though you face increased vigilance in your lending practices
- Tight economic times makes it critical that you direct your marketing efforts with precision to avoid targeting unlikely or undesirable candidates
- Traditional indicators like credit scores don't always reflect a target customer's present credit worthiness, which creates a need for more detailed, reliable information
Target qualified prospects for high returns on internal and external marketing efforts—with industry-leading solutions from CoreLogic. We allow you to take advantage of growth opportunities without increasing your exposure to risk.
Solutions that Work for You
Portfolio Analysis, Flood Regulations, Uninsured Natural Hazards and Fraud Detection
We combine our powerful analytics with data from the nation's most comprehensive and current property and ownership database to detect fraud, value collateral and manage risk. Your portfolio of mortgaged properties and the associated borrowers can be analyzed for:
- First position holder names, loan types, rates and terms, owner-occupancy status, and borrower real estate holdings
- Outstanding voluntary, involuntary and delinquent liens against properties
- Negative equity and the true loan-to-value ratio on each property
- Delinquencies, defaults and foreclosures
- Multiple loans in process on a single property
- Maximum interest rates on interest-only and adjustable rate loans
- Dates for ARM pre-pay expirations, ARM resets and prepayment penalty expirations
- Loan conditions, such as likelihood of early payment default, foreclosure and overvaluation
- Neighborhood characteristics, including market appreciation, foreclosure rates, fl ip potential and valuation-sensitive geographic features
- Unusual borrower activity and income
- 100% compliant with federal fl ood regulations
- Properties at the highest risk for uninsured natural hazards
Advanced Marketing Solutions
The more you know, the better able you are to precisely target key audiences with focused marketing messages. With our advanced valuation tools and detailed loan information, CoreLogic can make a significant impact on your marketing efforts.
- Locate and integrate data from more sources than anyone, and apply advanced analytics to generate surgically precise mailing lists that get the right product messages in front of current and potential members most likely to respond
- Leverage predictive scoring that lets you take your marketing to a new level by helping determine demographic, market, loan and other characteristics you can use to customize offers
- Generate suppression lists to exclude members and consumers in fi nancial distress, including delinquency, foreclosure, negative equity and pending ARM resets
- More effectively target the members who already look to you for loan products. Analyzing members' existing loans and property status allows you to tailor offerings and improve response rates, lowering marketing costs and increasing your return on marketing dollars invested
- Find out which lenders hold your members' loans, examine lost leads and learn about competitors' offerings to help recapture market share, pinpoint marketing opportunities and combat attrition
CoreLogic Valuation Services:
The Best of All Worlds
We offer an array of innovative residential appraisal and collateral valuation solutions that provide fast and accurate information for portfolio analysis, real estate transactions and marketing efforts. We use advanced technology, experienced industry professionals and local appraiser expertise to simplify ordering and tracking. Customers receive the dedicated service and responsiveness expected from a national leader. We effectively blend traditional field expertise with innovative technology to develop appraisal products and services fitting the new pradigm in mortgage lending. As the leading innovator in electronic valuation solutions, we are committed to:
- Anticipating your needs by creating progressive products and services to fulfi ll the industry's changing markets
- Recruiting, training and maintaining an experienced, nationwide team of industry experts
- Conducting extensive due diligence on emerging technologies and deploying innovative solutions to enhance the mortgage lending process
- Consistently providing quality appraisals throughout the U.S., resulting in timely and cost-effective valuation solutions
- Reducing overhead and shifting the burden of risk and compliance from you to us
For more information, please submit the request form, or call CoreLogic at 866-774-3282.
