Today, CoreLogic announced that the firm will be working with Summit Consulting, along with other key partners, in their valuation and disposition services for single family assets for the U.S. Department of Housing and Urban Development (HUD).
In the release, CoreLogic describes how the property information, analytics, and data-enabled solutions provider will provide HUD with a comprehensive set of valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF).
Summit will provide additional analytics to this solution, including an analytical best execution calculator, a predictive modeling solution that integrates all of HUD’s disposition options in a unified framework.
“FHA’s Asset Disposition strategy has been an significant part of their effort to reduce taxpayers’ exposure to claim losses. We are pleased to team with Core Logic on this important project,” Summit Director Frank Vetrano said.