CoreLogic
Tracks & reports consumer data on property & real estate
CoreLogic Definition:
CoreLogic is a leading provider of property data, analytics, and services to real estate professionals, financial institutions, insurance companies, and government agencies. The company plays a significant role in the real estate and lending industries by offering comprehensive information and insights related to properties and consumers. In the United States, CoreLogic is widely used by mortgage lenders, property managers, and insurance companies to assess risk and make informed decisions. The company collects and analyzes data from various sources to provide a holistic view of properties and consumers' financial behaviors.
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Frequently Asked Questions:
What Does CoreLogic Collect & Report?
CoreLogic Teletrack- Provides data to, payday lenders, rent-to-own businesses, furniture stores that offer financing, auto finance and leasing companies, high-risk consumer finance businesses, subprime home lending businesses, subprime credit card issuers, banks, credit unions, cable/telecom companies and debt buyers/collectors.
CoreLogic Credco- Property ownership and home loan obligation records; property legal filings and tax payment status; rental applications and collection accounts; consumer bankruptcies, liens, judgments, and child support obligations.
CoreLogic Rental Property Solutions- Information about landlord-tenant actions (such as prior evictions), address history, public background check (to identify prior criminal and court judgments, including prior prison sentences, presence on government-managed sex offender and known terrorist databases).
What is CoreLogic Credco?
Credco is a division of CoreLogic that specializes in merged credit reports, combining data from the three major credit bureaus.
How long does information stay on a CoreLogic report?
CoreLogic follows the Fair Credit Reporting Act (FCRA) guidelines, typically keeping information for 7 years.
Can I get a free CoreLogic report?
Yes, you're entitled to a free copy of your CoreLogic report annually.
How does CoreLogic affect my ability to get a loan?
Lenders use CoreLogic reports to assess risk and make lending decisions, so negative information could impact your loan approval.
Can I dispute information on my CoreLogic report?
Yes, you can dispute inaccurate or outdated information directly with CoreLogic's Consumer Services Department.
What's a "Credco inquiry" on my credit report?
It indicates that a company requested your credit information through CoreLogic Credco, usually for a lending transaction.
How can CoreLogic reports affect credit repair efforts?
Addressing issues in your CoreLogic report can be part of a comprehensive credit repair strategy, as it influences lenders' decisions.
