CoreLogic, Inc. (NYSE: Ã, CLGX) is an Irvine, CA based company that provides financial, property and consumer information, analytics and business intelligence. Companies analyze assets and data information to provide clients with customized analytics and data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer loans, capital markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections. The company reported 2015 earnings of $ 1.5 billion.
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History
CoreLogic dates back to September 1991, when TRW Real Estate Information Services entered into a partnership with three units of real estate information services from Elsevier, the Dutch Publishing Company now known as Reed Elsevier. In September 1996, the group, at that time known as TRW & amp; Service, separated and renamed Experian.
In September 1997, majority ownership of the Experian real estate information business was obtained by The First American Corporation, in partnership with Experian. This partnership is called FARES LLC, and the new entity starts operating under the name First American Real Estate Solutions (RES).
Also in 1997, Kraig Clark and Steve Schroeder founded Marketing C & amp; S in Sacramento, CA. Created to provide fraud prevention and assurance risk management solutions for the mortgage banking industry, the company was later renamed CoreLogic Systems.
In October 2003, First American RES acquired the Transamerica property information business, combining their real estate information and analytics business.
In March 2007, First American Corporation merged a subsidiary of First American RES with CoreLogic Systems, under a subsidiary of FARES LLC. This division began operating under the name First American CoreLogic.
In June 2010, CoreLogic, Inc. was founded as an independent business when The First American Corporation split its business to create two separate legal entities, CoreLogic, Inc. and First American Corporation providing title and financial services.
In January 2011, the company acquired Australia-RP Data, a residential and commercial property information provider 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 development company serving the financial services industry.
In July 2011, the company sold its CoreLogic India operations to a US Cognizant IT company, for $ 50 million. AS part of the transaction, the company also announced a five-year, $ 324 million service agreement.
In January 2013 CoreLogic buys Middletown, CT-based CDS Business mapping, geospatial hazards reporting provider including distance to shore, flood zone, rating area, proximity to brush, wind pool feasibility and earthquake information. CoreLogic reports will integrate this business into existing Spatial Solution business.
In April 2013, CoreLogic purchased Case-Schiller, manufacturer of the home-price index Case-Shiller, known as one of the most important measures of the health of the housing market.
In December 2013, CoreLogic acquired the Texas-based ABS group katacrophic Eqecat ABS.
In March 2014, CoreLogic acquired Marshall & amp; Swift/Boeckh, Milwaukee, residential, residential and commercial information and business management information provider and US-based business management services, San Diego, DataQu Information Systems, based in the US, a property and information analytical company, and credit and flood service operations Solutions DataQuick Loan. The three units obtained are part of TPG Capital's Decision Insight Information Group.
In June 2014, CoreLogic expanded rain and wind risk management capabilities by acquiring Weather Fusion, formerly known as livehailmap.com.
In August 2015, the company purchased LandSafe Appraisal Services, a valuation management company, from Bank of America for $ 122 million.
In October 2015, CoreLogic acquired Australia's construction business data Cordell from the European media group RELX, formerly known as Reed Elsevier.
In December 2015, the company acquired FNC, Inc., another real estate valuation provider, for $ 475 million.
In January 2016, CoreLogic announced it had paid $ 65 million to acquire the total ownership of RELS, LLC, a property valuation and assessment appraisal provider owned in partnership with Wells Fargo.
In March 2017, CEO Nallathambi died shortly after taking medical leave from the company. Shortly thereafter, the company announced Frank Martell as the new President and CEO.
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Business segment
CoreLogic operations are divided into two segments: Data and Analytics, and Processing Technology and Solutions.
Data and analysis
Group D & amp; A acquires and links property, mortgages, and financial data using models and algorithms to generate analytics for clients. Services include consultancy services, automated assessment, location intelligence, dual platform technology and platforms, credit fraud management, property and analytic information, as well as screening and analytics rentals.
Technological processing solutions
The TPS group provides mortgage-related data services for mortgage lenders and servicers. Services and technologies 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 service solutions.
Report
CoreLogic release reports to the real estate and mortgage industry:
- Equity Report - a report showing the distribution of equity in all single family homes in the US with a mortgage. The report originally debuted as the "Negative Equity Report" which highlights how many homeowners are underwater on their mortgages.
- National Foreclosure Report - a monthly report showing foreclosure inventory and the number of seizures completed, which is an indication of the total number of homes that were completely lost due to foreclosure.
- MarketPulse - a monthly report that offers insights into current and future US climate health with a particular focus on residential and mortgage metrics.
Data source
Data is at the core of CoreLogic's many products, analytics, and services. Data includes real property information, mortgage information and consumer information. Data sources include public sources, data contributed by corporate clients, and data obtained from data aggregators.
Public data sources include data and documents from federal, state and local governments. This information is supplemented by data from other public and non-public sources, enabling identification of physical property characteristics, limits and tax values, current and historical holdings, voluntary and voluntary lien, tax and delinquency assessments, replacement costs, property risk including environment, flood and hazard information, criminal data, building permits, local trends, summary statistics and household demographics.
The data contributed by the Client include loan performance information (from loan servicers, trustees, securitizers, issuers and others), mortgages, cars, rental properties and loan applications under loans from various loan initiators, landlords and property owners.
The data obtained from the aggregator includes a list of rental properties and landlords/landlords from Boards of Realtors, real estate agents, brokers, landlords, and multi-tenant property owners. The Company also collects valuation and property valuations from assessors, and licenses consumer credit history information from credit reporting agencies, lenders and car dealers.
References
External links
- CoreLogic USA (Head Office)
Source of the article : Wikipedia
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