CoreLogic is dedicated to providing impactful solutions to difficult industry challenges, and the company’s latest solution — AutomatIQ Collateral — is no exception.
CoreLogic launched its AutomatIQ Suite of Digital Mortgage Solutions last year. The underwriting solution is designed to help lenders streamline their current mortgage workflows, and now includes both AutomatIQ Borrower and AutomatIQ Collateral.
This complete view of the borrower and collateral will drive improvements in efficiencies across the entire underwriting process and speed up the time it takes to manufacture a mortgage.
The AutomatIQ Borrower solution minimizes human error and standardizes the verification process with an intuitive UI and powerful automation.
With direct-sourced data, dynamically applied rule sets and industry-leading algorithms, AutomatIQ Borrower makes it possible to access what was once a series of disconnected supply chains via a single trusted provider. Lenders are more productive, more efficient and able to access a transparent paper trail that reduces the complexity of verification.
Additionally, AutomatIQ Collateral answers three critical questions for the lender:
- Who owns the property?
- What is it worth?
- What is its risk profile?
Quick, reliable answers to such information are powerful in the hands of a lender when preparing to make important underwriting decisions, and AutomatIQ Collateral provides these data and services faster than ever before.
“AutomatIQ Collateral joins the existing AutomatIQ Borrower solution as the second in CoreLogic’s AutomatIQ solutions suite. Utilizing AutomatIQ Collateral, lenders will enjoy comprehensive workflow and accurate data-based collateral insights leveraging the robust CoreLogic collateral database,” said Glen Evans, executive with CoreLogic Valuation Technology.
“Clients will access streamlined workflow tools within the AutomatIQ Collateral solution, removing time, touch and costs from the underwriting and closing process.”
The solution provides simple access to all the tools necessary to complete valuation, title and hazard underwriting on a loan.
Users of AutomatIQ Collateral and AutomatIQ Borrower enjoy the ability to leverage a one-stop shop for all their underwriting needs, eliminating the necessity of managing multiple integrations with multiple vendors. AutomatIQ Collateral greatly improves the transaction experience for loan originators, underwriters and borrowers.
PRODUCT: AutomatIQ Collateral
SNAPSHOT: The latest addition to the CoreLogic AutomatIQ Suite of Digital Mortgage Solutions, AutomatIQ Collateral is your command center from which lenders may confidently assess all aspects of collateral. From collateral valuation to title and hazard workflows, AutomatIQ Collateral is your single end-to-end collateral solution.