Swot Analysis Of Corelogic Credco

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Company Background:

CoreLogic is a leading consumer information provider for many industries such as mortgage, real estate, insurance and automotive dealerships. Based in Irvine, California, CoreLogic heavily depends on data analytics and other information sources to generate cost efficient and smart solutions for their clients. It is a leading provider of specialized credit reports and data related solutions to real estate and automotive industries. It also provides Underwriting, Risk Management and Compliance Advisory Solutions. CoreLogic has market capitalization of nearly $3.6 billion as of October 2015 and has operations in 8 different countries around the world. However its principle markets are USA and Australia. “CoreLogic’s mission
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“CoreLogic Credco is a consumer reporting agency that assembles and evaluates consumer information and provides consumer reports to third parties for the purpose of extending offers of credit, and/or other purposes as permitted by law (2).” It primarily serves automotive, recreational vehicles (ex: snowmobile), boat and marine and housing industries. The services offered by Credco are credit reporting services, identity verification products, and compliance solutions (3). CoreLogic Credco is known for its convenient and efficient Instant Merge Credit report that streamlines credit information from one or all three consumer reporting agencies Equifax, Experian and TransUnion to single credit report. This report is especially famous in the automotive and mortgage industry. Credco also generates customer specific information for their clients such as consumer demographics and their lifestyle. CoreLogic Credco integrated 50 different dealer sales and finance platforms to help generate the instant marge…show more content…
There are strict laws such as FCRA that all the CRA must adhere to, while generating credit reports. According to government regulations, individual users are entitled to one free credit report every year from the top three credit bureaus and any credit check must be notified to the consumer immediately by the agencies.

Initial Project Objectives:

The objective of this project is to conduct extensive competitive analysis, identify the major competitors for CoreLogic Credco in the automotive industry, identify areas that need to be improved and come up with recommendations to develop CoreLogic Credco’s automotive credit reporting business. CoreLogic Credco offers three types of automotive solutions as shown below.

• Credit Reports – Credco offers instant merge credit reports, automotive credit disclosures and credit advantage that provides key consumer demographic and lifestyle information

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