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Data Company Introduces Digital Mortgage System

CoreLogic, a global property information, analytics, and data-enabled solutions provider, announced AutomatIQ Collateral, a solution that will provide lenders with a suite of data and analytics on property ownership, value, condition, and hazards. 

By offering a single point of access to obtain crucial property underwriting data, AutomatIQ Collateral will streamline a lender’s workflow, allowing them to make faster decisions, accelerate transaction times, and reduce risk throughout the loan origination process.

It takes weeks to request, evaluate, verify, and process the property information needed to close a loan. AutomatIQ Collateral expedites this process by offering integrated solutions for:

  • Valuation and property condition reports that leverage CoreLogic’s market-leading workflow platforms for appraisals, alternative valuations, automated valuation models, and price indices.
  • Title and ownership information powered by a nationwide panel of title vendors, and delivered via a new, structured data standard for title commitments.
  • Environmental hazard risk and results from the impacts of flood, wind, hail, earthquake, and fire events.
  • Unparalleled insights into the physical property characteristics, quality of construction, and other attributes that impact marketability and value.

“We’re dedicated to keeping lenders on the leading edge of the digital mortgage industry by offering workflow solutions that are tightly integrated with automation and analytics,” said Vicki Chenault, Executive, Valuations Solutions Group at CoreLogic. “With AutomatIQ Collateral, lenders will now be able to access essential property data through a single-source, empowering them to originate loans faster, at a lower cost and with less risk.”

AutomatIQ Collateral follows AutomatIQ Borrower as the latest offering within the AutomatIQ suite of digital mortgage solutions from CoreLogic. 

The AutomatIQ Suite is designed to help lenders digitize, streamline and automate each phase of their mortgage origination workflow.

About Author: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.

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