has announced that it has been selected to provide the U.S. Department of Housing & Urban Development (HUD) with a comprehensive set of valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF). Valuation and Disposition Services are designed to improve strategies for disposition in targeted delinquencies, determine disposition strategies and establish property values with a high level of confidence.
CoreLogic developed and integrated solutions with key strategic partners to deliver a comprehensive best execution methodology that meets HUD’s requirements for the valuation and disposition of distressed and REO properties. Those partners include companies such as Summit Consulting, a data analytics consulting firm that provides additional analytics to enhance the benefits of the CoreLogic solution: Minimizing MMIF losses and maximizing returns to taxpayers. Summit’s analytical best execution calculator is a predictive modeling solution that integrates all of HUD’s disposition options in a unified framework.
“We are extremely pleased to be providing HUD with Valuation and Disposition Services. It represents the new standard for excellence, providing more informed decision making and speeding up the workflow process while preserving and protecting the value of the MMIF,” said Walter Allen, Executive, Government Solutions for CoreLogic. “Given our position as a market leader in data, analytics and valuation services, we welcome the opportunity to participate in the effort to optimize returns on distressed assets.”\