Leading Real Estate Data Innovation with John Rogers, Chief Innovation Officer at CoreLogic
Nov 14, 2023
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John Rogers, Chief Innovation Officer at CoreLogic, discusses topics such as climate data and modeling, AI, scotch, prop tech dilemmas, virtual reality in real estate, and finding inspiration in this captivating podcast.
CoreLogic's comprehensive data set enables them to provide valuable tools and services that support various aspects of property transactions.
The importance of climate data in assessing risk and making informed decisions in the mortgage industry.
The role of tech advances and the value of data collaboration for PropTech founders are explored.
Deep dives
CoreLogic's Data Set Powers Real Estate Transactions
CoreLogic possesses a comprehensive data set on all aspects of property and location, making it a valuable resource for real estate professionals. The data powers tools and services that assist in finding, buying, and protecting homes, as well as supporting the origination and servicing of loans and insurance policies. With a strong focus on data analytics and R&D, CoreLogic aims to make a difference in the housing ecosystem and shape policies in collaboration with federal agencies and regulators.
The Impact of Climate Data on Mortgages
CoreLogic advocates for the assessment of all perils related to climate change in the underwriting of mortgages. By providing a financial measure for each property's risk, lenders, insurers, and regulators can make more informed decisions. While the education and adoption of climate risk analytics are ongoing, CoreLogic's extensive data sets and analytical capabilities contribute to the understanding of climate-related risks. Progress is being made to assess and mitigate the financial impact of climate change on the housing industry.
The Role of Tech Advances in Real Estate
Tech advances, such as artificial intelligence (AI), specifically Jacobean artificial intelligence (JNI), are poised to dramatically change the real estate industry. JNI has the potential to enhance and streamline various operations, including the evaluation of properties, quality control processes, and claims management. However, the effective implementation of tech advances relies on accurate and reliable data sets, which CoreLogic leverages to develop innovative solutions and drive progress in the industry.
The Value of Data Collaboration for PropTech
PropTech founders face the dilemma of building, buying, or embedding tools and capabilities within their platforms. CoreLogic offers a turnkey data science platform called Discovery, which enables PropTech companies to collaborate with CoreLogic's data scientists and leverage their extensive data for research and development. When it comes to valuation models and other tools that are not part of a founder's core IP, CoreLogic advises buying off-the-shelf solutions to allocate resources more effectively.
Inspiration from Not Impossible Labs
John Rogers finds inspiration in the work of Not Impossible Labs, led by Mick Ebeling. The company's motto, 'nothing is impossible,' resonates with his belief in pushing boundaries and making a positive impact. Not Impossible Labs focuses on creating breakthrough innovations that address social challenges, such as developing artificial limbs for children and enabling paralyzed individuals to pursue artistic endeavors. Their stories and achievements highlight the power of technology to transform lives and overcome seemingly insurmountable obstacles.
Conclusion
In this episode, John Rogers, the Chief Innovation Officer at CoreLogic, discusses the company's data-driven solutions and how they impact the real estate industry. CoreLogic's comprehensive data set enables them to provide valuable tools and services that support various aspects of property transactions. The discussion also delves into the importance of climate data in assessing risk and making informed decisions in the mortgage industry. Additionally, the role of tech advances and the value of data collaboration for PropTech founders are explored. The episode concludes with a reflection on the inspiring work of Not Impossible Labs, highlighting the potential of technology to overcome challenges and create positive change.
There's no shortage of topics and angles to cover when talking with the Chief Innovation Officer of CoreLogic, John Rogers. John is a seasoned veteran, leading tech and innovation throughout his career. He's been with CoreLogic for just over ten years, building the teams and shaping the direction of how we'll look at real estate data for years to come. This interview has it all—discussion on climate data and modeling, AI, and even scotch. Of course, John gives some details about some of CoreLogic's latest tech called the Discovery Platform. John's a fascinating leader in our industry and I think you'll enjoy this discussion.
More about John and CoreLogic John Rogers holds the role of Chief Innovation Officer at CoreLogic and is responsible for the R&D. From driving new solutions that understand the impacts to the real estate economy due to climate change, to ground-breaking models that identify suitable land for affordable housing development, the R&D group tackles major housing issues and works with many clients across the housing industry to drive growth and mitigate risk on their book of business.
CoreLogic is a leading provider of property insights and innovative solutions, working to transform the property industry by putting people first. Using its network, scale, connectivity and technology, CoreLogic delivers faster, smarter, more human-centered experiences, that build better relationships, strengthen businesses, and ultimately create a more resilient society.
