CoreLogic is the market-leading provider of comprehensive property information, real estate transaction services and analytics for mortgage lenders and servicers, capital market investors and real estate sales professionals. The company combines publicly available data and multiple listing service (MLS) data with their own property, mortgage and financial databases to provide information required for mortgage and real estate services.
According to Richard Leurig, Senior Vice President, Innovation Development Center, CoreLogic, “Data is central to what we do. We collect data from public sources and from our clients and then use it to drive actual transaction processing, insights, analytics and decision-making.”
CoreLogic has developed extensive technology applications and platforms to automate and streamline workflows and today its cloud-based loan origination and asset management platforms offer flexible, convenient and secure on-demand services for clients.
Developing Applications to Give Clients the Information and Analytics They Need
After years of growth through mergers and acquisitions, CoreLogic IT leaders realized they were supporting a complex enterprise infrastructure with siloed, outdated technology stacks and disparate datasets. The systems contained redundant data and were expensive and time consuming to maintain. Today, software is the primary means for how CoreLogic delivers products to clients, but legacy systems and a lack of standards made it challenging to develop new applications to meet the evolving needs of clients. The company wanted to take advantage of its untapped, extensive data repository and use emerging technologies to quickly and easily build new and differentiated products. Their vision is to create products and services that leverage new mobile technologies and other platforms to give clients access to data and analytics in real-time to make better business decisions on a daily basis.
Preparing for a Software-Driven Era
To modernize, reign in excessive costs and improve application development agility, CoreLogic established the Innovation Development Center spearheaded by Leurig. Because the company had already embraced software as a service, Leurig sought a hybrid cloud solution that would provide a standard set of development tools and a scalable, common platform for both infrastructure as a service and data as a service that runs both inside and outside their data center. One goal was to consolidate 700+ applications down to approximately 300 to reduce maintenance costs and decrease data redundancy. A second goal was to stablish an ecosystem that improves data management to facilitate innovation and drive faster product delivery.
After evaluating several competing platform options, CoreLogic ultimately decided to work with Pivotal, enlisting the applications-development expertise of Pivotal Labs and implementing Pivotal Cloud Foundry. A structured platform for greater agility and efficiency, Pivotal Cloud Foundry raises the abstraction level to that of applications and services, enabling teams to quickly add new functionality while maintaining application stability.
According to Leurig, “We chose Pivotal because we believe it provides a 360-degree view of the process. From a platform-as-a-service perspective, this means delivering an enterprise-grade, commercially-supported platform based on Cloud Foundry. From a data science and data technology perspective, it means delivering best-in-class data technologies and enabling them on their platform. The Pivotal Labs experience allows us to partner with Pivotal, having CoreLogic engineers working directly with Pivotal engineers developing applications jointly, training our engineers on new, agile techniques. At the same time, we are leveraging Pivotal’s experience and skills to deliver new applications for us.”
As part of the software pilot, Pivotal worked with CoreLogic to leverage Pivotal Cloud Foundry as the development platform to create two new applications, with two more in the planning stages. The first two are an Online Leasing Automation app, providing an interactive portal for tenants and building managers to manage the entire end-to-end leasing process, while the CondoSafe app assists mortgage lenders with the condominium underwriting approval process. Plans call for Mortgage Fraud Detection and Property Management Automation applications to be available in 2015.
Create a Standardized Platform for Development and Data Management
Pivotal Cloud Foundry provides a full ecosystem of common components and services that developers can utilize to build applications quickly and easily on a platform that runs on multiple infrastructures and data centers without CoreLogic having to rewrite applications. The platform also provides a way of blending traditional relational and enterprise warehousing technologies with big data and fast data technologies to provide seamless and quick access to data in new ways to meet the needs of data scientists and CoreLogic clients.
Accelerate Consolidation of Redundant Applications through more Efficient Software Development Processes
In the past, CoreLogic struggled to support more than 700 applications and had 50-70% data redundancy rates resulting from different autonomous CoreLogic companies storing overlapping data. Consolidating down to approximately 300-400 applications will save money and time. And, as part of the CoreLogic Innovation Development Center, Leurig is actively creating standards and a common platform for both infrastructure as a service and data as a service. This will modernize and provide streamlined access to data, at the same time reducing excessive development costs.
Transform Development Processes to Quickly and Easily go to Market with New Products
Moving to Pivotal Cloud Foundry’s full ecosystem of common components and services is enabling CoreLogic to access a common technology stack, so developers no longer have to support and use multiple system development life cycle (SDLC) processes, tools and languages. Instead, they have time to devote to delivering strategic business value by quickly developing and bringing core products to market, including the new CondoSafe and the Online Leasing applications.
Leverage and Combine Data Sources in New Ways to Provide Clients with Valuable Analytics and Insights
The mortgage and financial services industries that CoreLogic serves are becoming more regulated, so it is critical that CoreLogic be able to provide the data and information clients need to navigate new compliance laws and regulations. In addition, IT leaders at CoreLogic believe that the new data as a service functionality provided by Cloud Foundry will facilitate the blending of various data sources—something that was not really possible with their legacy systems—to create new products so clients can quickly access valuable analytics and insights to get the answers they need.
Improve Client Experience with Applications that Take Advantage of Mobile Devices and Other Platforms to Deliver Data in Real Time
CoreLogic wants to enhance client experience by providing their users with data in real-time using the device or engagement model they prefer—whether it is a website or mobile device such as a tablet or smart phone. This will enable their clients to make solid decisions while working in the field, including a realtor helping a home buyer purchase property in a specific geographic area or an underwriter making decisions about a property for insurance purposes. Also, the CoreLogic universal data platform will enable clients to access new analytics via visualization, reporting and dashboards to improve decision-making.
With an enterprise grade platform that enables big data solutions, rapid app deployment and real-time analytics combined with a wealth of knowledge in data science, data products and app delivery, Pivotal is helping CoreLogic modernize and thrive. “The combination enables Pivotal to be a strategic partner to us,” says Leurig. “They enable us to be better at what we do by bringing to bear not only their products but the resources that they have behind Pivotal.”