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CoreLogic Reports 9.7% Revenue Growth in Q2 2013

CoreLogic (NYSE:CLGX), a leading residential property information, analytics and services provider, reports that its consolidated second quarter revenues increased 9.7% to $427.0 million.  MOS revenues grew 24.6% to $184.4 million as a result of higher demand for credit reports, tax services and flood certifications as well as market share gains by the credit and tax services businesses. D&A revenues rose ... Read More »

CoreLogic Acquires Bank Of America’s Flood Zone Determination And Property Tax Processing Assets And Business Operations

CoreLogic® (NYSE: CLGX) announced the Company has purchased flood zone determination and tax processing services assets and operating platforms from Bank of America and entered into a services agreement to continue to provide these services to Bank of America. Bank of America’s flood zone determination and tax servicing operations will be integrated in CoreLogic’s existing flood and tax servicing business units and ... Read More »

CoreLogic To Acquire Marshall & Swift/Boeckh (MSB) and DataQuick Information Systems For $661 Million

The acquisition Expands Data & Analytics (D&A) Segment and adds Unique and Complementary Data Assets and Analytic Capabilities CoreLogic® (NYSE: CLGX [FREE Stock Trend Analysis]), announced the Company has entered into a definitive agreement to acquire Marshall & Swift/Boeckh, a leading provider of residential and commercial property valuation solutions to the property and casualty insurance industry, and DataQuick Information Systems, a property data and ... Read More »

CoreLogic Acquires Case-Shiller

CoreLogic has acquired its competitor Case-Shiller, consolidating the residential intelligence market, the company announced in a release discussing its first quarter financial results. The deal for Case-Shiller — which created the widely-cited Case-Shiller Index – closed March 20 for roughly $6 million. “The acquisition underscores CoreLogic’s ongoing commitment to provide comprehensive data, analytics and services to financial services, government and ... Read More »

CoreLogic Q1 2013 Revenues up Double-digit

CoreLogic® (NYSE:CLGX), a leading residential property information, analytics and services provider, reported financial results for the quarter ended March 31, 2013. Revenues up 10.9% to $397.2 million fueled by growth in Mortgage Origination Services and Data and Analytics segments.  Operating income up 22.2% to $55.3 million reflecting higher revenues and the benefit of operating leverage and cost reduction programs.  Adjusted ... Read More »

Veda and RP Data Announce a Strategic Alliance

Big data to benefit Australia’s property market with unprecedented insight Veda announced a strategic alliance with RP Data, Australia’s leading provider of property data and risk analytics.  The alliance gives lenders, and other commercial entities that extend credit, the option to incorporate RP Data’s real-time property valuation model with Veda’s own credit bureau data. “This strategic alliance will really help ... Read More »

CoreLogic Introduces RMBS Bond Assessment Service

New Service Provides Automated, Transparent Credit Grades and Dynamic Surveillance on Non-Agency Residential Mortgage-Backed Securities CoreLogic® (NYSE: CLGX) announced the availability of CoreLogic Bond Tracker, an innovative bond assessment service for non-agency residential mortgage-backed securities (RMBS). The service offers granular, dynamic, and automated analyses of security holdings and underlying collateral. CoreLogic Bond Tracker will provide life-of-bond surveillance and aid investors, ... Read More »

CoreLogic (CLGX) Acquires CDS Business Mapping in $78M Deal

CoreLogic (NYSE: CLGX) announced the acquisition of CDS Business Mapping, LLC (CDS). CDS, based in Middletown, Conn., delivers critical underwriting information to over 700 insurance carriers, agents and brokers nationwide through real-time reports that identify property-specific geographic hazards including distance to coast, flood zones, rating territories, proximity to brush, wind pool eligibility and earthquake information. The acquisition is expected to ... Read More »

What is “Alternative” Credit Data?

When one stops to think about it, the term “alternative credit data” is a catch-all phrase to describe data that is not currently reported on mainstream credit reports.  But what, in reality, is alternative about it? For millions of people, it may not be alternative data but the only credit record they have.  For these consumers, it would seem it ... Read More »

Appraisal Management Company (AMC) Shutting Down

Mortgage service provider CoreLogic is closing down its appraisal management company.  The business, which now faces more regulatory scrutiny, is in ongoing litigation over appraisals performed for Washington Mutual Bank.  The Santa Ana, Calif.-based company reported a $67 million loss during 2011, about the same as its 2010 loss. CoreLogic, which was divested from The First American Corp. in June ... Read More »

CoreLogic Q1 Revenues up by 13% – Stong Growth in Analytics

CoreLogic(CLGX), a provider of consumer credit information, analytics and business services, today reported financial results for the quarter ended March 31, 2012.  Revenues were up 13.2% to US$358.1 million largely fueled by double digit growth in its Data and Analytics and Mortgage Origination Segments.  Operating income from continuing operations up 70.2% to $45.2 million reflecting higher revenues and benefits from ... Read More »

CoreLogic® Introduces HARP 2.0 Refinance Data Services

CoreLogic, a provider of information, analytics and business services, announced a new service designed to help originators identify potential Home Affordable Refinance Program 2.0 (HARP 2.0) refinance prospects. The HARP 2.0 program was introduced in late 2011 to assist qualified underwater homeowners in refinancing their mortgages.  CoreLogic leverages a proprietary database, patented valuation technologies, comprehensive lien information and new patent-pending ... Read More »

CoreLogic To Expand Board

CoreLogic on Monday announced yet another attempt to appease activist shareholder Highfields Capital, only to have Highfields once again reject the steps.   It’s unhappy major shareholder Highfields has argued for a board shakeup, but said Monday that adding two members to a seven member board are only “cosmetic changes.” CoreLogic had decided last month after a strategic review not to ... Read More »

CoreLogic Q4 Net Loss Narrows

CoreLogic, Inc. (CLGX: News ) reported that its fourth-quarter net loss attributable to the company narrowed to $14.14 million or $0.13 per share, from $27.74 million or $0.24 per share in the same quarter last year.   Operating revenue for the quarter rose to $345.40 million from $315.37 million in the prior year quarter. The company reconfirmed its guidance for 2012.  ... Read More »