How CoreLogic™ Brings Unparalleled Clarity to Property Data
CoreLogic Integrated Property (CLIP)® ID
Accurate, reliable data is essential. In the property and real estate world, addresses are often the cornerstone of data for property identification. But relying on addresses alone can lead to issues:
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Not unique: Several properties might share a single base address.
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Not standardized: Addresses aren’t consistently formatted and can contain typographical errors.
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Not precise: Geolocational precision, which addresses lack, is especially important for risk assessment.
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Not there when you need it: A property might not be assigned an actual street name and house number until it’s needed for delivery or mailing.
Address-based data’s shortcomings and inconsistencies multiply as datasets get larger, leading to wasted time and increased costs throughout real estate workflows.
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Mortgage providers and loan officers may inadvertently cause mistakes and delays in the loan application process — or even erroneous loan approvals — due to address problems.
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Appraisers can struggle to locate and value a property when using conventional addresses rather than precise location information, adding time and cost to appraisal procedures.
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Insurers and risk officers can’t accurately assess risks if address information is incorrect, incomplete, or imprecise, which can lead to financial losses for insurers and policyholders.
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Data scientists, analysts, and IT professionals face data quality and management problems when bringing datasets together based on addresses, wasting time and increasing storage with redundant and siloed data.
Fortunately, there’s an alternative.
CoreLogic adds precision to property data with CLIP ID.
Just as every vehicle has a specific Vehicle Identification Number, our proprietary CoreLogic Integrated Property ID (CLIP ID) is a unique and persistent identifier for every real estate property.
CLIP ID identifies properties using a combination of:
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Diverse property data assets
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State-of-the-art standardization techniques
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Artificial intelligence-based matching algorithms
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360-degree view of every property
With unmatched levels of accuracy and consistency, CLIP ID is powering professionals across the property industry through property identification across many workflows.
- Unique
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Easily identifies relationships between different versions of an address and the underlying parcels, structures, and units
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Considers nuances around all existing identifiers such as addresses, parcel numbers, geocodes, etc.
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- Persistent
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Remains the same for a property throughout its lifecycle, even as other identifiers may vary over time
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Only changes when a parcel splits or merges and, in these cases, still maintains tracking and lineage back to the original form
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- Reliable
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Reflects the most accurate, verified, and standardized version of a property’s information
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Benefits a variety of use cases that rely on precise location data
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- Data-driven
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Powered by unmatched breadth and depth of property and location data
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Includes data on 157M+ properties and parcels, 200M+ addresses, and 175M+ structures
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Unlock insights with CLIP ID
With our groundbreaking approach to property identification, you can avoid the issues of address-based data systems. Make your work more streamlined, productive, accurate, and accessible to all.
Learn more about CoreLogic’s CLIP ID-powered products at CoreLogic.com