Data aggregator and analytics provider CoreLogic is offering mortgage lenders free 30-day trials of its real-time income validation tool, IncomeAdvisor.

IncomeAdvisor is designed to help lenders determine whether borrowers are overstating their claimed income, using an analytics model to flag loan applications for further investigation.

Data aggregator and analytics company CoreLogic is offering mortgage lenders free 30-day trials of its real-time income validation tool, IncomeAdvisor.

IncomeAdvisor is designed to help lenders determine whether borrowers are overstating their claimed income, using an analytics model to flag loan applications for further investigation.

The tool evaluates claimed income using an income fraud score and predicted monthly income amount, CoreLogic said, enabling lenders to see deviations between estimated income and reported income.

IncomeAdvisor taps into a database containing information on more than 90 million loans, provided by members of the CoreLogic fraud consortium. Last fall, CoreLogic said lenders who originate 70 percent of U.S. mortgages were participating in the consortium, which was created to help detect short-sale "property flops" and other mortgage fraud.

CoreLogic says falsified income accounts for 23 percent of mortgage fraud. IncomeAdvisor can be used in conjunction with CoreLogic LoanSafe Fraud Manager and CoreLogic 4506-T Income Verification services, the company said.

Mortgage and auto lenders, consumer loan providers and credit card issuers who apply by May 11 can try IncomeAdvisor free for 30 days, CoreLogic said. The company said it will process up to 15,000 loan applications per organization during the free trial period.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×