HistoryPro™

Setting the Industry Standard for Grading Collateral Risk

It is well known that collateral valuation offers the easiest opportunity to perpetrate mortgage fraud, making value verification critical.  HistoryPro™ moves collateral risk analysis to a new level using a proprietary assessment engine that evaluates multiple relationships and comparisons between property characteristics, location factors, pricing and appraisals, as well as local market volatility indicators, foreclosure rates and other performance studies.  HistoryPro™ boils down the multifaceted assessment into a report with an F-Score that grades the collateral risk on a scale of zero to 25.  Accuracy studies on more than two million loans prove the effectiveness of the F-Score in predicting defaults, showing a loan with an F-score of 25 to be nine times more likely to go into default than a loan with an F-score of zero.

By applying HistoryPro™ to every loan transaction, lenders, investors and insurers can quickly weed out questionable appraisals and streamline processing of loans with low F-Scores.  Using the client’s business rules and CoreLogic’s workflow model, accurately valued loans can move along an accelerated path, while high F-Score loans can be sent to the next processing level for further analysis.  

HistoryPro™ can be delivered through a secure Web-based interface, batch processing, or direct XML integration into an institution’s production system.