CoreLogic has released a new platform that provides information on lien and equity positions for whole loan traders and servicers.
It is called the CoreLogic Lien Equity Analytics Radar, or CLEAR for short, and traders can also use the platform for life-of-loan surveillance on designated assets and portfolios.
"Historically, investors and servicers have encountered significant information gaps in bidding on whole loan portfolios and making strategic servicing decisions," Dillon Vestal, vice president of advisory services at CoreLogic, said in a news release. "By combining comprehensive analysis with fast, flexible and customizable delivery options, our clients will get data for whole loan bid decisioning, default treatment, and early detection of portfolio risk."
To use the platform, traders upload their bid tapes and receive data and analytics on the portfolio. During the pre-bid stage, traders have access to analytics surrounding risk attributes such as loan balance, foreclosure and ownership, as well as equity analysis and involuntary lien analysis.
Post-bid, traders can use the data through the platform to guide due diligence, final negotiations and settlements.
