Instant Merge and flood services are now available on the LOS
CoreLogic’s cloud-based loan origination system (LOS) has been enhanced with the availability of credit report and flood services.
The firm’s Instant Merge credit report has joined Flood Determination services as products that can be integrated into the LendingPad platform; more integrations are on the way.
“LendingPad is proud to be at the forefront of mortgage lending technologies and working with reputable industry leaders to enhance loan origination processes,” said Wes Yuan, managing director for LendingPad. “Our mutual customers will immediately enjoy the convenience and benefits of the CoreLogic credit and flood products inside of the LendingPad platform.”
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The credit report product offers specific demographic information, current and historical tradeline details and public records and inquiries with additional features such as identity verification, multiple scoring options and detailed creditor contact information.
Meanwhile, the flood services product provides all of the information necessary to determine whether flood insurance is available or required.
“In the current lending environment, one thing we can all agree on is that seamless delivery of key mortgage services as data drives a superior digital mortgage borrower experience. With this integration, clients can now access credit and flood data from CoreLogic through a top, cloud-based loan origination system,” said Mike Mitchell, executive, Third Party Business Development for CoreLogic.