As financial dignity nonprofit celebrates anniversary, CoreLogic recognizes successful partnership
SANTA ANA, Calif. and LOS ANGELES, May 21, 2012 /PRNewswire via COMTEX/ -- CoreLogic CLGX +1.06% , a leading provider of information, analytics and business services, recently joined Operation HOPE (HOPE) to celebrate its 20th Anniversary and "silver rights" mission to eradicate poverty through financial dignity and economic empowerment tools in underserved communities. Over the years of the partnership, CoreLogic has expressed its commitment to HOPE through cash donations, volunteer service hours, and in-kind contributions; all combined totaling more than $800,000.
"Operation HOPE has proven that individuals and communities can improve their economic situation if provided the necessary services to learn and practice sound financial literacy skills," said Anand Nallathambi, president and CEO of CoreLogic. "CoreLogic is proud to be affiliated with Operation HOPE and the lasting impact it has made on so many communities during the last 20 years. We look forward to the opportunity to support Operation HOPE in delivering its mission for many years to come."
During the past 20 years, HOPE has grown with programs, services and initiatives to assist individuals in low-wealth communities. CoreLogic has been involved in some of the most notable HOPE programs such as, Banking on Our Future, HOPE's award-winning youth financial literacy program that offers celebrity, classroom, and college editions, as well as international curriculums, with dozens of CoreLogic employees donating countless hours of their time to teach in classrooms. Most recently, CoreLogic joined the Founder's Circle in support of the Gallup-HOPE Index, a national initiative to study the economic energy of American youth.
In 2006, in support of HOPE's efforts to provide economic triage to victims of Hurricane Katrina, CoreLogic sponsored the first Virtual HOPE Call Center in New Orleans, La., ultimately serving some 150,000 individuals in the aftermath and helping fund $15 million in Earned Income Tax Credits to those affected. Six years later, efforts to provide economic empowerment to the Gulf area continue with in-kind and financial support from CoreLogic. The success of the virtual call-center, and the collapse of the subprime loan industry, led to a collaboration between CoreLogic and HOPE to be the founding partners of the Mortgage HOPE Crisis Hotline (MHCH), a 24-hour, full-service, nationwide foreclosure prevention hotline, housed at the CoreLogic facility in Poway, California. The need for the service was apparent when, in the first three weeks of its launch in 2006, the hotline received more than 12,000 calls. To date, the program has assisted 155,243 individuals through the MHCH. The combined value of the subprime mortgages modified or restructured totals more than $495 million. Over the last five years, CoreLogic-supported call-centers have helped HOPE deliver emergency recovery assistance, providing financial triage to victims across the country in 22 natural disasters, including Hurricane Katrina and the 2007 California Wildfires, among others.
In response to the generous support of Operation HOPE offered by CoreLogic, John Hope Bryant, founder, chairman and CEO of Operation HOPE, commented, "CoreLogic has been one of our most committed supporters through the years with volunteer, financial and in-kind donations. We appreciate their commitment and are excited by the prospects of deepening our partnership, as we continue our work with Anand Nallathambi and CoreLogic to bring financial dignity and empowerment to underserved communities."
About Operation HOPE (HOPE)Headquartered in Los Angeles, HOPE promotes financial dignity through financial literacy and education tools to underserved communities in more than 273 cities worldwide. Through its four core portfolios, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. In May 2012, HOPE celebrates 20 years of making the free market system work for low-income communities in a Silver Rights Movement meant to eradicate poverty and build financial dignity. For more information visit us at www.operationhope.org or Facebook/ Operation HOPE or join our Twitter/ Operation HOPE.
About CoreLogicCoreLogic CLGX +1.00% is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has approximately 5,000 employees globally. For more information visit www.corelogic.com .
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