Type Public Number of employees 6,500 | ||
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Traded as NYSE: CLGXS&P 400 Component Key people Anand Nallathambi, President and CEO Revenue US$ 1.528 billion (2015) US$ 1.405 billion (2014) CEO Frank D. Martell (Feb 2017–) Stock price CLGX (NYSE) US$ 39.41 +0.30 (+0.77%)3 Mar, 4:02 PM GMT-5 - Disclaimer Founded 1991, California, United States Subsidiaries RP Data, Valuation Exchange, eAppraiseIT, LLC Profiles | ||
Corelogic celebrates 20 years of affiliation with the nyse
CoreLogic, Inc. (NYSE: CLGX) is an Irvine, CA-based corporation providing financial, property and consumer information, analytics and business intelligence. The company analyzes information assets and data to provide clients with analytics and customized data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer credit, capital markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections. The company reported 2015 revenue of $1.5B.
Contents
- Corelogic celebrates 20 years of affiliation with the nyse
- History
- Business segments
- Data and analytics
- Technology processing solutions
- Reports
- References
History
CoreLogic dates back to September 1991, when TRW Real Estate Information Services entered into a partnership with three real estate information service units from Elsevier, the Dutch Publishing company now known as Reed Elsevier. In September 1996, the group, by then known as TRW Information Systems & Services, was spun off and renamed Experian.
In September 1997, majority ownership of Experian's real estate information business was acquired by The First American Corporation, in a partnership with Experian. The partnership was called FARES LLC, and the new entity began operating under the name First American Real Estate Solutions (RES).
Also in 1997, Kraig Clark and Steve Schroeder co-founded C&S Marketing in Sacramento, CA. Created to provide fraud prevention and collateral risk management solutions to the mortgage banking industry, the company was later renamed as CoreLogic Systems.
In October 2003, First American RES acquired Transamerica's property information business, combining their real estate information and analytics businesses.
In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic Systems, under the FARES LLC subsidiary. The division began operating under the name First American CoreLogic.
In June 2010, CoreLogic, Inc. was established as a standalone business when The First American Corporation split its businesses to create two separate legal entities, CoreLogic, Inc and First American Corporation which provides title and financial services.
In January 2011, the company acquired Australia-RP Data, a provider of residential and commercial property information in Australia and New Zealand, for $194 million.
In March 2011, CoreLogic acquired Dorado Network Systems Corp, a San Mateo-CA based cloud application and architecture development company servicing the financial services industry.
In July 2011, the company sold its CoreLogic India operations to US IT company Cognizant, for $50 million. AS part of the transaction, the companies also announced five year, $324 million services agreement.
In January 2013 CoreLogic bought Middletown, CT-based CDS Business mapping, a provider of geospatial hazard reports including distance to coast, flood zones, rating territories, proximity to brush, wind pool eligibility and earthquake information. CoreLogic reported it would integrate the business into its existing Spatial Solutions business.
In April 2013, CoreLogic bought Case-Schiller, the producers of the Case-Shiller home price index, known as one of the most important measures of the health of the housing market.
In December 2013, CoreLogic acquired catastrophic modeling firm Eqecat from Texas-based ABS Group.
In March 2014, CoreLogic acquired Marshall & Swift/Boeckh, a Milwaukee, WI-based provider of building cost information, residential and commercial analytics and business management services, San Diego, CA-based DataQuick Information Systems, a property data and analytics information company, and the credit and flood services operations of DataQuick Lending Solutions. The three acquired units were part of TPG Capital's Decision Insight Information Group.
In June 2014, CoreLogic expanded its hail, wind and lightning weather risk-management capabilities by acquiring Weather Fusion, formerly known as livehailmap.com.
In August 2015, the company purchased LandSafe Appraisal Services, an appraisal management company, from Bank of America for $122 million.
In October 2015, CoreLogic acquired Australian construction data business Cordell from Europe media group RELX, formerly known as Reed Elsevier.
In December 2015, the company acquired FNC, Inc., another provider of real estate appraisal services, for $475 million.
In January 2016, CoreLogic announced it was paying $65M to acquire total ownership of RELS, LLC, a provider of property valuation and appraisal services it owned in partnership with Wells Fargo.
Business segments
CoreLogic's operations are divided into two segments: Data and Analytics, and Technology and Processing Solutions.
Data and analytics
The D&A group acquires and links property, mortgage and financial data using models and algorithms to produce analytics for clients. Services include advisory services, automated valuations, location intelligence, multiple listing technology and platforms, mortgage fraud management, property information and analytics, and rental screening and analytics.
Technology processing solutions
The TPS group provides mortgage-related data services for mortgage lenders and servicers. Services and technology include flood data services, property tax services, credit verification services, underbanked credit services, compliance and management services, mortgage origination technology, and business process outsourcing and cloud computing-based mortgage servicing solutions.
Reports
CoreLogic releases reports to the real estate and mortgage industries: