CoreLogic : Announces Significant Enhancements to the AutomatIQ Borrower Solution

IRVINE, Calif.

-Updates include new income calculation and analysis, automated asset verification and Fannie Mae Day 1 Certainty for verification of employment and income-

CoreLogic^®(NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced several significant enhancements to the AutomatIQ™ Borrower underwriting solution. The enhancements are designed to help lenders originate loans faster, with fewer steps and lower costs - all while improving the customer experience.

The new AutomatIQ Borrower enhancements include:

• Automated Income Calculation and Analysis
  In addition to vastly improving the user interface with detailed auditing trails and expanded reporting options, the new AutomatIQ Income solution allows lenders to conduct critical applicant income calculations and analysis earlier in the lending process, so that loan officers can reliably validate an applicant's income during the pre-qualification phase. Powered by the CoreLogic FactCheck decisioning engine, income calculation information can now be easily integrated into a point-of-sale system and the data can be delivered seamlessly to a lender's loan origination system (LOS). The new application programming interface (API) functionality allows lenders to instantly access updated information throughout the lending process.
• Instant Verification of Assets (VOA)
  The AutomatIQ Borrower VOA solution now allows consumers to directly connect lenders to their financial institutions for real-time access to the consumer's account information. The solution, which is an eligible verification report for Fannie Mae's Desktop Underwriter® (DU®) validation service, also provides a user-friendly experience for the borrower, allowing them to easily link their account information and manage documents via a desktop or mobile device.
• Authorized Report Supplier of Verification of Employment and Income (VOE/I) for Fannie Mae Desktop Underwriter Validation Service
  Effective November 2019, CoreLogic will become an Authorized Report Supplier of verification of employment and income reports for the Desktop Underwriter (DU) validation service. Each step of the AutomatIQ Borrower VOE/I solution's waterfall workflow verification - including Instant Verification, Automated Verification and Manual Verification - will be approved.

'AutomatIQ Borrower is all about flexibility, efficiency and trust,' said Jay Kingsley, executive, Credit and Borrower Solutions for CoreLogic. 'We've built a comprehensive solution to help our clients accelerate every borrower verification. By eliminating time-consuming manual tasks and automating and standardizing the identity, credit, employment, income and asset verification workflows, we're helping our clients take time, touch and cost out of every closed loan.'

For more information, visit www.corelogic.com.

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.

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