CoreLogic has released a new default servicing platform called DefaultView that offers nine interconnected modules to help provide more transparency in default servicing operations.
The company says the web-based platform uses a ‘master loan’ architecture that offers a singular view of a loan. The design enables users to see a complete transaction history, including workflow steps, resulting data, outcomes, and all related documents and messages. DefaultView also provides the ability to track specific historical activity throughout the loan default lifecycle, from creation to conclusion.
‘This platform is unique in that it uses a unified approach to give servicers an unprecedented level of visibility into the path of a loan in default from beginning to end,’ says Kevin Wall, senior vice president of default services for CoreLogic. ‘All modules can be used together as an end-to-end solution, or in configurable combinations suited to specific needs.’
