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PRESS RELEASE


Fraud Solutions Provider Honored

Prestigious recognition reflects company's growth from innovative mortgage technology solutions

 
SACRAMENTO, Calif.--(Nov. 9, 2006) -- CoreLogic, (www.corelogic.com) leading provider of mortgage risk assessment and fraud prevention solutions, announced that American Banker and the research firm Financial Insights have named the company to the FinTech 100, an international annual listing of the top financial technology vendors, for the second year in a row.

"This award is welcome recognition for the energy and effort that CoreLogic has put into providing the mortgage industry with the most efficient risk assessment and fraud prevention tools available," said Steve Schroeder, co-founder and chief executive officer of CoreLogic. "Being recognized for the second year in a row is a powerful statement of the confidence and trust the U.S. financial services market places in our company, technology and people."

CoreLogic ranked first among mortgage technology companies and 76th on the list overall. Global revenue was a key factor in the ranking, attesting to the company's stability and importance to the industry. The ranking of the top 100 suppliers is categorized and evaluated based on fiscal year-end revenues and the percentage of revenues attributed to financial services. Data is gathered from surveys completed by suppliers, as well as original research and market analysis conducted by Financial Insights.

This year alone, CoreLogic has launched several new automated tools, including PreQualPro and IncomePro, after the successful launch in late 2005 of their flagship product LoanSafe. PreQualPro is a pre-qualification property value range tool designed to meet the needs of leading originators' retail and HELOC groups. IncomePro provides lenders with a fast and effective way to establish the soundness of a borrower's stated income. LoanSafe enables residential mortgage originators and the capital markets to efficiently assess the risk value and fraud potential in a loan transaction by performing an integrated analysis of the agent, the borrower and the collateral. In addition, CoreLogic's agent management tool, ThirdParty Scorecard, is quickly becoming the de-facto standard for broker management with more than 30 million loans and 190,000 brokers in its database.

For more information about the rankings, visit http://www.financial-insights.com/FI/services/fintech100.jsp.

SOURCE: The Appraisal Foundation

 
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