There are as many as 2.3 million potential HARP-qualified borrowers. We can help you identify them.

As part of CoreLogic HARP 2.0 services, we can help you identify potential candidates and better segment qualified borrowers to improve your solicitation efforts and operational pull-through.

Whether your challenges are identifying qualified borrowers for retention, locating prospects or managing the pull-through with resources already stretched thin, we can help you speed and simplify the process.

Identify and solicit more HARP qualified borrowers

Using CoreLogic proprietary databases and analytics teams, we can provide a targeted and customized list of very high probability HARP 2.0 refinance candidates.

We can help you:

• Identify potential HARP 2.0 prospects from multiple delivery methods including:
  • Borrower match
  • Randomized lead lists
  • Targeted lead lists
• Get access to many types of data that may be unavailable elsewhere
• Employ  trustworthy data updated monthly to help ensure you find the HARP 2.0 leads you’re looking for

To provide targeted lists of candidates, we use a specific list of eligibility criteria, database filters and derivation techniques to identify potential HARP 2.0 eligible loans. Loan-to-value (LTV) ratio information is determined by industry-leading CoreLogic automated valuation models (AVMs)

Our ability to provide specific homeowner data, highly accurate loan-to-value calculations, identification of lenders, occupancy status, and liens associated with a property can help you increase or protect your current portfolio.

All HARP 2.0 leads are available using current CoreLogic lead ordering processes and can be provided in all standard formats to help originators filter leads against current customer databases.

The comprehensive HARP 2.0 solution takes you from prospecting through post-closing, with products and services that fall into three main categories:

• Segmentation
• Strategic Engagement
• Operational Outsourcing

Proactive Segmentation

Using our predictive analytics enables you to refine your potential refinance lists and stratify them for resource planning or to strategically expand your portfolio with new loans. Using proprietary loan information, such as voluntary and involuntary lien searches, we can provide greater clarity into your true market opportunity and streamline the closing process.

Our predictive analytics add meaning to the information we deliver with tools that enable:

• Strategic resource planning — By scrubbing your loan data to identify HARP-eligible loans we can help you determine your expected volume increase and staff accordingly, including outsourcing functional components of your origination process.
• Strategic retention and acquisition - Adding additional data layers to your portfolio or providing segmented lists for prospecting, we can enable better, more strategic borrower engagement whether reaching out proactively or simply managing the wave of inbound requests.
• Greater insight into borrower credit – CoreScore™ the new credit report from CoreLogic Credco®, merges data from other credit bureaus with proprietary supplemental data, providing a more accurate view of borrower risk.
• More detail around borrower behavior  – Willingness and capacity to repay refinanced mortgages, strategic-default potential, and post-closing default likelihood

Strategic Engagement

Our unmatched property, ownership, and borrower databases contain the critical information you need to identify the 2.3 million potentially eligible HARP 2.0 borrowers for portfolio retention or strategic acquisition.

Retention

Once you have identified your HARP 2.0 eligible loans targeted for retention, how can you manage the resulting operational increase in underwriting, closing and post-closing?

CoreLogic can provide operational outsourcing to give you capacity on demand as the volume increases and the flexibility to transition as volumes recede.

Functional Rapid Deployment Teams can provide:

Underwriting

• Data Verifications
• Product eligibility
• Automated Underwriting System (AUS) findings
• Income and/or Assets validation
• Collateral Review
• Fraud Detection
• Conditions Management

Closing

•  Loan Term Validation
• Closing Coordination and Package Review
• Loan Disbursements

Post-Closing

• Post Close Audit
• Loan file review

Acquisition
If you see HARP 2.0 as an opportunity to expand your customer base, we can help you spot prospects faster and avoid wasting resources on borrowers who will ultimately fall out.  Simply give us the profile of the consumer you want to attract and we’ll generate a list of prospects to match.
 

Criteria we can sort by include:

• Geographical boundaries
• Current mortgage amounts (estimated), origination date, interest, terms
• Property characteristics
• Voluntary and involuntary liens
• Property tax amounts and payment status
• Notices of Default and foreclosure status
• Identification and status of additional property ownership and owner occupancy

Operational Outsourcing

Our outsourcing solutions allow you to respond quickly to HARP 2.0 origination volume spikes. By putting our employees to work on HARP refinancing, you gain the agility and processing speed to move from underwriting to closing quickly and easily or manage post-closing with speed and confidence.

Available as staff augmentation or full component outsourcing, we can supply HARP-specific teams for underwriting, closing and post-closing as well as back-office origination functions to streamline the refinancing process and significantly improve pull-through.

Operational outsourcing provides:

• Global infrastructure with domain expertise and singular HARP focus
• Disciplined project management
• Flexible staffing models
• Capacity on demand
• Strategic deployment
• Expedited ramp up and go live