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CALIFORNIA
CoreLogic's OnSite Integrates With Encompass
CoreLogic, a global property information, analytics, and data-
enabled solutions provider, announced the integration of its OnSite
property condition reports on the Ellie Mae Encompass all-in-one
mortgage management solution. OnSite is a property condition
report coupled with local market conditions and patent-pending
features that are specifically designed to help institutions meet the
federal requirements when an automated valuation model (AVM) is
used for mortgage lending purposes.
"Organizations are always looking for ways to improve efficien-
cies during the valuations process, particularly during the home
equity lending process," said Jonathan Nutting, Senior Leader,
Valuation Operations at CoreLogic. "As the first integration of its
kind on Encompass, users will now be able to easily incorporate this
solution into their existing workflows, saving them time and money
in instances where an appraisal is not necessary."
OnSite is designed to help lenders comply with federal guide-
lines surrounding the verification of the physical condition of a
property. In some home equity lending situations, OnSite can be
leveraged with an AVM in lieu of an appraisal. All Onsite reports
use a patent-pending algorithm to create an objective overall
condition rating that supports the lender's valuations processes.
is integration also allows users to access OnSite Plus–a property
condition report for situations where a licensed real estate broker or
agent is required to gain access to a property, or when a local expert
is needed.
OnSite joins 15 other CoreLogic products currently integrated
in the Encompass platform, including CondoSafe condo lending
solutions, Instant Merge—the nation's most popular three-bureau
merged credit reporting solution, flood determinations, Property
Tax Estimator, LoanSafe Fraud Manager, LoanSafe Risk Manager,
appraisal management services via Mercury Network, Merge Plus
credit supplements, 4506-T Direct, FinalCheck LQI Compliance,
automated valuation models, SSN Verification, and several services
within the Ellie Mae Total Quality Loan.
