CoreLogic Releases OnSite Plus After Consumer Feedback

""CoreLogic"":http://www.corelogic.com/ announced an enhanced version of its OnSite report.

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""OnSite Plus"":http://www.corelogic.com/products/onsite.aspx?WT.mc_id=prtm_120814_FhyTw provides an overall condition rating based on two things: a patent-pending algorithm and an inspection by a licensed real estate professional.

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The new version is result of consumer feedback regarding the use of a licensed real-estate professional to perform inspections.

OnSite Plus was also designed to be used with an automated valuation model (AVM) report to create an evaluation consistent with the Interagency Appraisal and Evaluation Guidelines issued in December 2010, according to a company release.

""We have had over fifty top lenders and servicers adopt and now rely on OnSite from CoreLogic to create an evaluation that supports decision making on home equity loans, refinancings and loan modifications,"" said Susan Allen, VP of Strategic Relations at CoreLogic. ""While our customers tell us they save millions of dollars by using OnSite-based evaluations, performed by credentialed inspectors, some expressed a preference for inspections performed by licensed real-estate professionals.""

Based in Santa Ana, California, CoreLogic provides information, analytics and business services.