C&S Marketing Unveils New Company Name: CoreLogic™
-- New identity reflects broader risk management offerings to mortgage industry --
SACRAMENTO , Calif. and ORLANDO, Fla., Oct. 24, 2005 – C&S Marketing, a leading provider of collateral risk and fraud management tools, serving 90 of the top 100 lenders in the nation, announced its new company name, CoreLogic. The transition from C&S Marketing to CoreLogic reflects the company’s evolution from an automated valuation model (AVM) provider to a full service collateral risk management company.
“The new brand better communicates our commitment to developing the most effective analytic modeling for valuation and risk for the mortgage industry,” said Steve Schroeder, CEO and co-founder of CoreLogic. “We are dedicated to providing the most comprehensive collateral risk management solutions, and we will continue to expand our product selection to meet the needs of our customers.”
Since its founding in 1997, the company has grown from a small, two person operation to a $65 million company. The rapid expansion is due to their innovative front-end collateral risk screening tools, which substantially reduce financial loss due to fraud-related risk for banks and lending institutions. Their flagship product, LoanSafe, provides a holistic approach to collateral risk by performing an extensive assessment of the agent, borrower and property on each loan.
The new name, CoreLogic, better represents the full scope of the company’s offerings in the marketplace, from its suite of risk management technology, to its training and certification program, to its ongoing technical support services. It reflects the company’s intention to mitigate mortgage fraud by thoroughly analyzing each loan application at the start.
“Although we are now the leading provider of collateral risk management solutions to U.S. mortgage lenders and secondary market investors, we have kept a fairly low profile since our inception eight years ago,” said Schroeder. “We are now poised to take a stronger stance in the industry.”
About CoreLogic
Sacramento, Calif. based CoreLogic is the leading provider of collateral risk assessment and fraud prevention solutions to the mortgage industry. Since 1997, the mortgage industry has relied on CoreLogic to enable risk management and workflow process support. Using CoreLogic technology, mortgage originators and investors are able to increase profitability and loan quality by making more informed lending and investment decisions. The CoreLogic suite of property information tools provides the data, comprehensive geographic coverage, ease-of-use and accessibility the mortgage industry needs. For more information about CoreLogic, visit www.corelogic.com.
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