CoreLogic released a service designed to help originators identify potential Home Affordable Refinance Program 2.0 refinance prospects.
Using a specific list of eligibility criteria, the company's database uses filters and derivation techniques to identify potential HARP 2.0 eligible loans. The loan-to-value ratio information is calculated using automated valuation models.
To ensure the most up-to-date information is available, CoreLogic updates its HARP 2.0 eligibility database monthly, providing originators access to leads in either single prospect or batch forms.
“It may not be clear to homeowners how HARP 2.0 eligibility requirements apply in their circumstance," said Anand Nallathambi, CoreLogic president and CEO. "This (service) will allow the originators to focus their educational and sales efforts on homeowners who will likely be motivated to refinance.”
— Justin T. Hilley