CoreLogic Updates AutomatIQ VOE/I

CoreLogic and Experian Verification Solutions have teamed up to enhance CoreLogic’s AutomatIQ Borrower Verification of Employment and Income.

Four different verification options are now available, allowing lenders to create custom waterfall verification solutions with individual objectives.

“People are at the heart of every mortgage transaction, and we want to ensure lenders are equipped with the most comprehensive solutions to bring clients a positive experience,” said Jay Kingsley, President of Mortgage Solutions, CoreLogic.

AutomatIQ now includes Experian Verify, giving lenders instant access to income and employment information, and Borrower Assisted Payroll, which lets borrowers submit their information on a vendor website for quick verification.

These are in addition to The Work Number and manual verification, both of which were previously offered by CoreLogic.

“By collaborating with CoreLogic to bring Experian Verify into AutomatIQ Borrower Verification, we can help streamline experiences for consumers while ensuring lenders can make data-driven decisions with confidence,” said John Tsefrikas, SVP and General Manager of Experian Verification Solutions.

“Through this Experian Verify integration, CoreLogic’s clients now have secure access to the latest advancements in technology and income and employment information available in real-time.”

Custom waterfall verification solutions with individual objectives can be implemented, a level of customization that allows companies to only pay for what they need. Lenders are charged per report instead of per employment record, Tsefrikas noted.

Duplicate orders within a 24-hour period are automatically rejected as well.

The update comes just weeks after the release of Digital Mortgage Platform, with which AutomatIQ is integrated. It is its first joint product with Roostify, a lending software provider CoreLogic acquired earlier this year.

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