CoreLogic and VisionCore Announce Next Generation Mortgage Suite
-- Think Mortgage adopts VisionCore portal --
SACRAMENTO, October 16, 2006 –Irvine Calif.- based VisionCore, a wholly owned business unit of CoreLogic, the leading provider of mortgage risk assessment and fraud prevention solutions, has announced the launch of its next generation mortgage suite. The company’s latest product offerings connect the retail, wholesale, and correspondent lending community through the use of advanced customer portals, automated underwriting, pricing and third party risk and approval tools. VisionCore is a top provider of custom and packaged software solutions designed specifically for the real estate and mortgage industries.
The VisionCore suite integrates loan submission, loan product and pricing selection, automated underwriting, and broker sign-up and management in one easy to use Web-based portal. The portal can be fully customized and enables extensive collaboration through a variety of online tools.
“We have devoted the last several years to developing a suite of mortgage solutions that will help our clients achieve a much greater level of automation and service at the point-of-sale,” said Jeff Stay, partner of VisionCore. “Our products are focused on facilitiating the lender-to-customer relationship and on moving key lending decisions and functions to the front-end of the mortgage process.”
Stay continued, “The blend of technology between CoreLogic and VisionCore has allowed us to achieve more granular decisioning across all components of a loan package. Our combined offering equips lenders with tools to automate their loan decisions while factoring in all elements of a loan package including borrower, collateral, and loan attributes.”
VisionCore’s platform includes: Originator, which acts as an originator’s Web-based portal to their customers; Underwriter, which provides quick and accurate loan qualification decisions to the mortgage point-of-sale; Pricefinder, which supports pricing and fee calculations across any loan file attribute; and ThirdParty Manager, which streamlines the broker application and management process for wholesale lenders.
Think Mortgage, a wholesale lender in Orange, California recently implemented the full VisionCore suite as part of its online broker offering, the Think Tank. Calvin Powell, President of Think, commented, “VisionCore’s enabled us to bring the ThinkTank to market very quickly. We evaluated all the leading solutions, and ultimately chose VisionCore for their flexibility, commitment, and technology vision.”
Powell continued, “VisionCore’s products power the ThinkTank, which we feel represents the next generation of broker portals. The tools give our brokers’ product selection, pricing & automated underwriting, collaboration tools such as chat and instant messaging, integrated closing doc requests, and integrated imaging all within one easy to use platform. The VisionCore tools work seamlessly with our back-end loan origination system and workflow processes. Without a doubt, the VisionCore team has demonstrated a true partnership approach throughout our project.”
“Our goal at CoreLogic is to streamline the loan process for the lender as much as possible while helping to shed operating costs,” said Steve Schroeder, co-founder and chief executive officer of CoreLogic. “VisionCore’s portal is a critical enabler for our clients to achieve these goals.”
About VisionCore
SIrvine, Calif.-based VisionCore provides custom and packaged software solutions designed specifically for the real estate and mortgage industries. Since 1998 VisionCore has distinguished itself with clients through strategic analysis, application development, systems integration, and project management. The VisionCore mortgage suite conforms to MISMO standards and embrace a service-oriented architecture for quick and seamless systems integration. For more information about VisionCore, visit www.visioncore.com.
About CoreLogic, A C&S Company
Sacramento, Calif.-based CoreLogic, A C&S Company, is the leading provider of collateral risk-analysis and management technology and services to the U.S. mortgage banking 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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