|Traded as||NYSE: CLGX|
|Founded||California, USA (1991)|
|Headquarters||Irvine, California, USA|
|Anand Nallathambi, President and CEO|
|Products||Financial, property and consumer information, analytics and business intelligence|
|Revenue||US$ 1.405 billion (2014)|
|US$ 169.76 million (2014)|
|US$ 73.20 million (2014)|
|Total assets||US$ 3.516 billion (2014)|
|Total equity||US$ 1.014 billion (2014)|
Number of employees
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, mortgages, housing, fraud, regulatory compliance, default, natural hazards and disaster projections. The company reported 2014 revenue of $1.4B.
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 (NYSE: FAF) which provides title and financial services.
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 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 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.
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.
CoreLogic releases a variety of reports using data of interest to the real estate and mortgage industries.
- Commercial Market Monitor - a monthly report on the commercial real estate market showing sales demand, default activity, the amount of debt coming due, and the number of open mortgages.
- CoreLogic Case-Shiller Indexes - these indexes include over 6,000 indexes covering states, counties, metros and ZIP codes across the U.S., 30 year home price forecasts for all indexes and a custom index set published for S&P Dow Jones Indices.
- Equity Report - a report showing the distribution of equity across all single-family homes in the US with a mortgage.
- Home Price Index Report - a monthly report that collects information on home sales in 5,700 U.S. Zip Codes.
- National Foreclosure Report - a monthly report showing the foreclosure inventory and the number of completed foreclosures, which is an indication of the total number of homes actually lost to foreclosure.
- Shadow Inventory Report - a quarterly report published as a supplement to the National Foreclosure Report, the Shadow Inventory Report estimates the number of properties that are seriously delinquent in foreclosure or held as Real estate owned (REO) by a mortgage servicer but not currently listed on the Multiple Listing Service (MLS).
- The MarketPulse - a monthly report offering insight into the current and future health of the U.S. economic climate with particular focus on housing and mortgage metrics.
Data is the core of many of CoreLogic's products, analytics and services. The data includes real property information, mortgage information and consumer information. Data sources include public sources, data contributed by company clients, and data obtained from data aggregators.
Public data sources include data and documents from federal, state and local governments. This information is augmented by data from other public and non-public sources, allowing the identification of physical property characteristics, boundaries and tax values, current and historical ownership, voluntary and involuntary liens, tax assessments and delinquencies, replacement cost, property risk including environmental, flood and hazard information, criminal data, building permits, local trends, summary statistics and household demographics.
Client contributed data includes loan performance information (from loan servicers, trustees, securitizers, issuers and others), mortgage, auto, property rental and under-banked loan applications from various loan originators, landlords and property owners.
Data acquired from aggregators includes property listing and tenant/landlord rental information from Boards of Realtors, real estate agents, brokers, landlords, and owners of multi-tenant properties. The company also collects appraisals and property valuations from appraisers, and licenses consumer credit history information from credit reporting agencies, lenders and auto dealers.
- "SEC Filing CoreLogic 2014 10-K". Bloomberg.com. 2015-02-26. Retrieved 2015-05-08.
- "CoreLogic: Homes prices rose in March up 5.9% annually". housingwire.com. 2015-05-05. Retrieved 2015-05-07.
- "CoreLogic Natural Hazard Risk Summary Covers 2014 Disasters". geospatial-solutions.com. 2015-01-02. Retrieved 2015-05-07.
- "A Credit Score That Tracks You More Closely". NYTimes.com. 2011-12-02. Retrieved 2015-05-07.
- "Mortgage Fraud Risk Increases 3.2%: CoreLogic". nationalmortgagenews.com. 2014-10-29. Retrieved 2015-05-07.
- "Analytics service launches wind verification technology". ibamag.com. 2015-04-13. Retrieved 2015-05-07.
- "Foreclosures Are Way Down From 2014—but Still Double Prerecession Rates". realtor.com. 2015-04-14. Retrieved 2015-05-07.
- "TRW, Elsevier Merge Real Estate Information Operations : Information: Joint venture will be headquartered in Riverside. Companies cite high costs of developing new business.". LATimes.com. 1991-09-04. Retrieved 2015-04-09.
- "Leading the Way at a Company Called Experian". LATimes.com. 1996-09-22. Retrieved 2015-03-28.
- "First American and Experian in Venture". LATimes.com. 1997-09-11. Retrieved 2015-05-09.
- "First American RES, CoreLogic in merger". inman.com. 2007-02-05. Retrieved 2015-05-09.
- "CoreLogic vets’ new firm, Auqeo, provides sales support for tech startups". bizjournals.com. 2013-10-18. Retrieved 2015-05-09.
- "First American buys Transamerica units for $375M". bizjournals.com. 2003-10-02. Retrieved 2015-05-09.
- "First American RES Merges with CoreLogic". highbeam.com. 2007-03-01. Retrieved 2015-05-09.
- "Title company First American to spin off CoreLogic in June". bizjournals.com. 2010-05-20. Retrieved 2015-05-09.
- "First American Completes CoreLogic Spin-Off". housingwire.com. 2010-06-01. Retrieved 2015-05-09.
- "CoreLogic buys Dorado for $32M". bizjournals.com. 2011-05-15. Retrieved 2015-05-09.
- "CoreLogic Buys CDS Business Mapping in Connecticut". insurancejournal.com. 2013-01-23. Retrieved 2015-05-13.
- "Housing Data Dance: CoreLogic Buys Case-Shiller". WSJ.com. 2013-04-26. Retrieved 2015-05-22.
- "CoreLogic Acquires Catastrophe Modeling Firm Eqecat". insurancejournal.com. 2013-12-29. Retrieved 2015-05-13.
- "CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick". insurancejournal.com. 2013-12-29. Retrieved 2015-05-13.
- "CoreLogic Expands Insurance Offerings with Hail, Wind and Lightning Weather Forensics". geospatial-solutions.com. 2014-06-05. Retrieved 2015-05-13.
- "LiveHailMap.com is Now Weather Fusion". claimsjournal.com. 2013-02-07. Retrieved 2015-05-13.
- "About CoreLogic". NYTimes.com. Retrieved 2015-05-14.
- "The Commercial Market Monitor - National Edition April 2013" (PDF). corelogic.com. 2013-04-01. Retrieved 2015-05-22.
- "CoreLogic Case-Shiller Indexes". corelogic.com. Retrieved 2015-05-22.
- "CoreLogic Releases Equity Report". themreport.com. 2015-03-17. Retrieved 2015-05-22.
- "CoreLogic: Foreclosure inventory drops 33.2% over last January". housingwire.com. 2015-03-10. Retrieved 2015-05-22.
- "Shadow Inventory Plummets to Lowest Level in 6 Years". realtor.org. 2014-01-10. Retrieved 2015-05-22.
- "5 brilliant insights in the CoreLogic April MarketPulse". housingwire.com. 2014-04-15. Retrieved 2015-05-22.