CoreLogic - Company Update
Urgent solutions to help maintain lending and valuation services
In these uncertain times, one thing is clear - we need to find new ways of working together. To help us all rise to that challenge, CoreLogic has been focusing on enabling business continuity for our customers while maintaining the safety of all involved. Many Australians are considering their finances right now, be it managing cash flow, restructuring lending or completing property transactions. Recognising the importance of valuation services, CoreLogic has been working with all stakeholders to find pragmatic and innovative solutions to enable the flow of lending. This will require some changes to the way we do business, but it will benefit all Australians.
Industry & Operational Insights
We understand that up-to-date data is critical to our shared understanding of what is happening in the property market. CoreLogic is working to provide visibility of lead indicators as well as real-time activity and operational metrics. This will be facilitated both at a macro level (latest found here), and at a customer and platform level.
Full Valuations & Alternative Solutions
CoreLogic has been actively working with the Australian Property Institute (API), valuation firms and LMI providers to support the guidelines to facilitate alternative solutions that enable valuations without the need for a full physical inspection. We continue to work closely with industry and technology partners to ensure all lenders and valuers have access to the tools they require to continue to offer remote assessments that are broad-based, scalable and compliant.
The way you order valuations in Property Hub will not change. We value your ongoing support greatly and ask you to continue to work with us and the wider industry in planning and executing options that allow business continuity wherever possible. We are conscious that it is paramount to maintain prudent lending and valuations standards in any changes we make. We will communicate all major developments as they become available and will set up strategy sessions in the near future to outline these solutions.
In times of uncertainty, clarity is of the utmost importance and we are deeply committed to working with you so that you and your customers can find ways to continue the flow of lending. If you have any questions or suggestions, don't hesitate to contact your Account Executive or to email email@example.com.