ThirdParty Scorecard®

Building a Network of Trusted Agents

Those who represent loan products to the public can help pre-qualify borrowers or act as a gateway to fraud.  Whether working in-house or as an external agent or broker, unscrupulous mortgage professionals can threaten profitability by using their knowledge and experience to introduce risk.  To address the issue, CoreLogic created ThirdParty Scorecard®, the first and only mortgage industry tool that enables lenders, investors and insurers to grade frontline loan representatives on collateral risk.

In keeping with its pioneering tradition, First American CoreLogic developed this innovative tool to shine a light into a shadowy area of collateral risk.  ThirdParty Scorecard grades an agent’s collateral risk based on transaction history, drawing from a proprietary database of more than 180,000 agents and millions of loan transactions.  ThirdParty Scorecard assesses an agent’s loan quality, assigning a risk score to each agent that can be compared against internal, local market and industry performance standards.

For the first time ever, ThirdParty Scorecard gives lenders a way to protect against adverse targeting, while also allowing them to build and strengthen a network of trusted agent partners.

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