IRVINE, Calif., March 21, 2023—CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, has announced new artificial intelligence-driven capabilities in its job restoration management platform.
The image analytics and property data features enable contractors to optimize every policyholder’s experience. CoreLogic’s image analytics and property data tools use innovative technology, such as highly intelligent algorithms and artificial intelligence, to reduce manual analysis and processes from restoration workflows. As a result, contractors can reduce errors and optimize loss documentation processes to restore properties faster and more efficiently.
“At CoreLogic, we work closely with customers across the insurance and restoration lifecycle to create solutions that provide everyday innovation – tools that eliminate complexities in day-to-day workflows and open up new efficiencies,” said Garret Gray, president of CoreLogic Protect. “These new functionalities are backed by comprehensive data and industry experience and enable our clients in property insurance and restoration to protect people and restore lives faster, together.”
AI-based, automated image tagging for loss documentation
The image analytics function, embedded within CoreLogic’s review solution and restoration job management platform – known as known as DASH® – uses artificial intelligence to process the contents of property photos to produce descriptions of the structures pictured in each image. Once a user uploads a photo into the platform, the property descriptions are automatically generated as photo tags, which identify attributes like property condition, building grade, home features, kitchen quality grade, the presence and type of damage and more.
The ability to instantly get critical information about properties is transformative for restoration contractors during the loss documentation process, which typically requires manual data entry on logged property photos. With automatically assigned tags, restoration contractors can document losses more accurately and comprehensively, while also saving time.
Centralized property information for restoration job management
CoreLogic’s property data combines artificial intelligence and data science to deliver centralized property information directly in CoreLogic’s restoration job management workspace, DASH®. Once a user saves the address of a future project site within DASH®, they get instant access to all relevant data from CoreLogic’s vast proprietary property database. These data fields include the year the property was built, its foundation type, the heating and cooling system type, the number of rooms, CoreLogic property photos and more. With direct access to accurate property information, contractors can quickly assess upcoming jobs, ensure proper safety protocols and allocate equipment for every project before setting foot onsite.
CoreLogic property data embedded within their job management software will save technicians time and shorten the lifecycle of every project. Without direct access to CoreLogic property data, standard processes for job preparation involve extracting data from disparate sources of property information or relying on the homeowner for intelligence. By providing instant access to consistently up-to-date property intelligence, this new AI-driven functionality within DASH eliminates the need for contractors and technicians to rely on mixed, often times out-of-date, or subjective sources.
CoreLogic will highlight these new functionalities at the PLRB Claims Conference in Orlando, FL, from March 19-22. Visit our team at booth #715, located near the center of Cypress Ballroom at the Orlando World Center Marriot. To find more information about the conference, visit https://www.plrbclaimsconference.org/.
CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit corelogic.com.