CoreLogic Integrates with Fannie Mae to Provide Day 1 Certainty Service

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic®(NYSE:CLGX), a leading global property
information, analytics and data-enabled solutions provider, today
announced that, effective in early August, it will have fully integrated
its leading 4506-T
income verification
product with Fannie Mae’s Desktop Underwriter®
(DU®) platform. Mortgage lenders will be able to access these
verification products as part of the DU validation service, providing
automated access and rapid representations and warranties relief for
validated loan components.

CoreLogic integration with DU delivers verification data that meets
Fannie Mae’s underwriting requirements. This, in turn, provides more
certainty in income calculation and asset verification while lowering
the risk of potential borrower fraud through altered bank statements.

The DU verification service provides lenders with several benefits,
including:

  • Streamlined Loan Processing: Keeps lenders focused on exceptions.
  • Dynamic Underwriting: Validates key loan data up front, provides more
    certainty on income calculation and asset verification, and confirms
    that the validated information meets Fannie Mae’s requirements.
  • Process Efficiencies: Reverification is not required for assets,
    income, and/or employment validated in DU.
  • Lower Fraud Risk: Lenders have lower fraud risk when data is gathered
    from the source.
  • Freedom from Representations and Warranties: Day 1 Certainty gives
    lenders freedom from representations and warranties for validated loan
    components plus greater speed and simplicity, and enables an improved
    borrower experience.

“We are extremely pleased to be participating in Fannie Mae’s DU
verification service. It represents the new standard for excellence,
speeding up the workflow process and providing borrower convenience and
lender reassurance,” said Eric Connors, executive, Mortgage and Credit
Analytics for CoreLogic. “Given our position as a market leader in
providing income verification products, we embrace the opportunity to
continue to lead the market in turn times and quality control.”

For more information on how to participate in DU verification service
and Day 1 Certainty, visit the CoreLogic DU verification service
resource page at www.corelogic.com/day1certainty.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information,
analytics and data-enabled solutions provider. The company’s combined
data from public, contributory and proprietary sources includes over 4.5
billion records spanning more than 50 years, providing detailed coverage
of property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance,
capital markets, and the public sector. CoreLogic delivers value to
clients through unique data, analytics, workflow technology, advisory
and managed services. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif., CoreLogic operates in North America,
Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc.
and/or its subsidiaries. All other trademarks are the property of their
respective owners.


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