Member Spotlight
Below we highlight what CSPRA members do and how public records play a vital role in the services they provide to individuals, businesses, and government.
ICE
Member Spotlight
ICE recently acquired Black Knight, the leading provider of mortgage software, solutions, and data & analytics.
Who Is Black Knight and What Do They Do?
Black Knight is a leading provider of integrated mortgage software, solutions, and data & analytics that facilitate and automate many of the business processes across the home ownership life cycle. Black Knight’s capabilities and insights, play a vital role in creating and providing significant cost-savings and clarity regarding the important decisions lenders, servicers, agents and homeowners must make for real estate transactions and home ownership.
Their unique combination of data and technology has helped millions of individuals and families find, own and keep one of the most important things in their lives, the place they call home.
Black Knight Leverages Public and Private Data to Deliver Solutions That Help Companies and Consumers Alike
Black Knight’s solutions are utilized by many leading financial services companies that share the same home ownership goals as consumers. Black Knight’s award-winning software, data and analytics solutions drive innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage Black Knight’s robust, integrated solutions across the entire home ownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively. Through these businesses using Black Knight’s comprehensive data, consumers benefit from a reliable source of data and information, such as property characteristics, neighborhoods, transactional history, valuations, and other critical information needed to make home ownership decisions. Consumers gain advantages in their efforts to buy and sell homes because our comprehensive property information covers 99.9% of all U.S. property parcels.
Black Knight operates with the single-minded position of being as close to the source of the data as possible, which has led to our leadership in the collection of nationwide property public record data obtained directly from more than 3,000 counties nationwide for more than 155 million properties.
Black Knight’s property data provides vital information in the valuation and lending process of homes to help consumers tap into home equity to secure additional loans they may need for important life milestones, like a wedding or college tuition, or increased asset value home improvements, like a kitchen remodel.
Black Knight continually looks for ways to enhance and innovate new data solutions to help businesses and consumers alike. For example, in times of crisis our Disaster Alert solution allows lenders and servicers to speed outreach efforts to consumers in a more targeted manner that can accelerate property damage inspections and loan forbearances.
Learn more by visiting their website or calling them at 925.227.7000.
CoreLogic
Member Spotlight
Who Is CoreLogic and What Do They Do?
CoreLogic’s 5,000+ team members share a singular focus: to help millions of people find, buy and protect the homes they love. CoreLogic is a leading provider of high-quality data, analytics and technology. They enable real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help people make their dream of home ownership a reality by providing valuable data and technology.
To do this, CoreLogic collects 99.75% of its data directly from public and private sources (see graphic below). They state:
“Property data is our DNA because we provide access to the nation’s largest property and ownership database. CoreLogic then curates, connects and uniquely enriches it with insightful intelligence from our extensive network of field researchers, analysts and data scientists. They deliver qualified, comprehensive information to participants across the global housing economy through our integrated digital solutions.”
How Does CoreLogic Help the Property Ecosystem?
CoreLogic provides services to help people and companies find, buy, protect, lend, borrow, manage risks and understand the property market. This market intelligence not only supports market fairness and efficiency, but also helps the entire property, construction and building supply industries plan and respond to market trends and needs. It also helps government understand how trends, risks and changes in property assets will affect property taxes or lending guarantees. Urban and regional planners also benefit from knowing trends and market data to manage community growth and aging housing stock.
Providing Insights and Managing Risks
CoreLogic information provides insights and manages risks. For example, CoreLogic issues an annual Hurricane Report which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts. A recent report showed that nearly 33 million U.S. properties are at risk of hurricane-force wind and 7.8 million for storm surge damage. New York and Miami have most homes at risk of storm surge damage with the highest total reconstruction cost value. Their risk modeling data shows that those nearly 7.8 million homes at risk of hurricane-related damages have more than $2.3 trillion in combined reconstruction cost value (RCV). The report also revealed the nearly 33 million homes with nearly $10.5 trillion in combined RCV are at risk of hurricane-force wind damages. This kind of data helps residents, insurers and governments in the affected areas understand and manage risks better.
Another example is CoreLogic’s Home Price Index (HPI). These monthly reports help track and provide insights on the US housing market. Homes represent many Americans’ most valuable asset.
The Role of Public Records in the Property Ecosystem
It is often said that we live in an information economy. The property ecosystem is highly dependent on accurate and well managed data. Public and private data is used in combination to equalize access to business opportunities, understand markets and property values, provide convenient and personalized customer service, increase markets and market efficiency, manage and reduce risk and contribute substantially to economic growth. CoreLogic is an example of this synergy between public records and private data systems that leads to widespread benefits for society. For families and individuals across the globe, home ownership represents a life-long goal. It is a potent symbol of progress, prosperity and a pathway to a better life. Home ownership is also a powerful engine for national economies as residential property continues to represent a significant and critically important asset class in most developed countries. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to successfully navigate the housing ecosystem.
About CoreLogic
CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. For more information, please visit www.corelogic.com.
CORELOGIC, and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.
Media Contact:
Robin Wachner, CoreLogic
newsmedia@corelogic.com
S&P Global Mobility
Member Spotlight
Who is S&P Global Mobility and What Do They Do?
Automotive insights from S&P Global Mobility (formerly IHS Markit | Automotive) leverage technology and data science to provide unique insights, forecasts and advisory services spanning every major market and the entire automotive value chain—from product planning to marketing, sales, and the aftermarket.
As stated on their web site: “S&P Global Mobility provides invaluable insights derived from unmatched automotive data, enabling our customers to anticipate change and make decisions with conviction. Our expertise helps them to optimize their businesses, reach the right consumers, and shape the future of mobility.”
A Rich Legacy
With a legacy dating back to the 1920s when R. L. Polk published the first vehicle registration reports, S&P Global Mobility solutions are used by manufacturers, suppliers, consumers, governments, insurance companies, and financial stakeholders to provide actionable insights that enable better decisions and better results. Many consumers may know of S&P Global Mobility through the widely used service of their subsidiary company CarFax and the CarFax Fox. The automotive industry has known and relied on their broad range of services for generations.
Peering Into the Future with Deep Insights
S&P Global Mobility’s forecasting ability helps us all understand the future supply and demand for vehicles. For an automaker and their suppliers, this is critical for efficiently meeting consumer demand for future sales by location, body style and model. For consumers it means being able to get the vehicle you want and need. For governments, it helps policy makers plan for and manage traffic, infrastructure, parking needs, and transportation safety. By providing further insights into future disruptive technologies like autonomy, electrification, and mobility, we can all be more prepared for changes caused by these technology shifts.
Enabling Commerce
S&P Global Mobility also supports the supply and movement of goods through the network of commercial vehicles. They provide insights into the 32 million commercial vehicles currently on the road in North America and seven-year forecasts of future commercial vehicles around the world. Getting our packages, supplies, food, retail merchandise, raw materials, and parts where they need to go depends on having the right kind and number of commercial vehicles to enable the work to be done.
Making Markets Work Better
Automotive industries employ and affect millions of people and companies from car dealers to parts makes to buyers, and all depend on reliable information to manage their work. S&P Global Mobility provides market and vehicle reporting solutions on the several hundred million new and used vehicle registrations, vehicles-in-operation, and owner demographics. Markets make the economy work and markets only work well when the participants are well informed. Using public and private data sources to provide comprehensive information makes the automotive market far more efficient for makers, sellers, and buyers alike.
Enabling Everyday Transactions, Reducing Fraud
Consider the simple looking Vehicle Identification Number (VIN). A VIN is that long string of numbers and letters on your car title, registration, and dashboard that uniquely identifies a vehicle. By using the VIN and leveraging data and technology, S&P Global Mobility automotive intelligence services help car manufacturers, insurance companies and government properly verify vehicles and drivers. They leverage their comprehensive vehicle registration database with industry-leading expertise to:
Decode vehicle specifications by VIN or license plate
Speed up the insurance quoting process
Reduce trade-in fraud, incentive fraud or dealer fraud
Discover damage that reduces resell value
Leverage fleet management or recovery services
Improving Public Safety
With such comprehensive and useable data, S&P Global Mobility is also a key contributor to a safer automotive industry. They help with safety recalls and help track maintenance and safety issue across the sector. Getting unsafe vehicles fixed or off the roads saves lives, money, and resources. Their suite of services helps implement and manage a successful vehicle recall campaigns by providing access to a daily updated VIN database of more than one billion automotive, truck, trailer, bus, RV and motorcycle owner records. This enables companies to:
Quickly fulfill a vehicle or vehicle equipment recall
Access current/historical owner and vehicle information
Create an accurate audit trail to ensure that the necessary steps to enable a recall are taken and documented
S&P Global Mobility offers valuable services, insights, and unmatched data that puts their customers at the forefront of innovation in the industry. For more information, visit www.spglobal.com/mobility.
Contact:
IHS Markit Media Relations
Michelle Culver, S&P Global Mobility
248.728.7496 or 248.342.6211
Michelle.culver@ihsmarkit.com
Solera | Explore Information Services
Member Spotlight
Who Is Solera | Explore and What Do They Do?
Explore Information Services, a Solera solution, improves profitability for insurance companies, governments, and vehicle fleets. Explore solutions reduce risks and increase efficiency by providing timely, insightful data. With over 25 years of successfully sourcing and securing sensitive data, the industry’s largest organizations trust Explore. Their leading-edge digital solutions provide a unique window into the human aspects of risk mitigation, monitoring unsafe driver behavior, identifying location-based risk, and improving fleet asset performance. They accomplish this, in part, by using public records in combination with other data and software to deliver essential services to industry and government to the benefit of society at large.
Explore offers three main lines of service: Insurance, Fleet, and Government.
In Insurance services, Explore offers a comprehensive range of products to help insurance carriers identify and reduce risks and increase profits. These include violation monitoring, fraud detection, and predictive modeling of risks.
In Fleet management services, Explore’s intelligent driver performance products help manage driver risk, performance, compliance, and safety. Their platform helps those who manage fleets reduce risk, manage compliance with the many transportation laws and regulations, make their fleets more efficient, and intervene before problems arise with coaching and corrective actions.
In the area of Government services, Explore delivers best-in-class motor carrier administration systems and services to help jurisdictions manage their International Registration Plan (IRP) and International Fuel Tax Agreement (IFTA) systems efficiently and securely. Their solutions offer dynamic task management, electronic workflows, and increased efficiency to improve government operations. They make licensing, registration, tax filing, revenue management, and audits work better for all involved by cutting costs and increasing services to constituents.
Explore is a wholly owned subsidiary of Solera Holdings, Inc., a global leader in digital information and technologies for the insurance, automotive, and consumer marketplaces. Solera is focused on helping customers manage risk and assets through innovative digital platforms that both enlighten and empower. Founded in a garage in 2005, Solera now processes hundreds of millions of transactions throughout the world.
For more information, visit solera.com
Contact us.
(210) 236-1282
cspra@cspra.org