| Type | Public (NYSE: CLGX) |
|---|---|
| Founded | California, USA (1991) |
| Headquarters | 4 First American Way, Santa Ana, California, USA |
| Key people | Anand Nallathambi, President and CEO |
| Products | Data, Analytics and Outsourcing Services |
| Website | CoreLogic.com |
CoreLogic, Inc. (NYSE: CLGX) is an American corporation providing financial, property and consumer information, analytics and business intelligence. Headquartered in Santa Ana, CA, the company analyzes information assets and data to provide clients with analytics and customized data services. Data sources include property and mortgage information, motor vehicle records, criminal background records and tax records.
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 claims 40,000 customers in the public and private sectors.[1]
The company reported $916.5M revenue for the first six months of 2010.[2]
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The company known today as CoreLogic, Inc. dates back to 1991, when TRW Real Estate Information Services entered into a partnership with three real estate information service units from Elsevier, a Dutch publishing company.[3] In 1996, the group, by then known as TRW Information Systems & Services, was spun off and renamed Experian.[4]
In 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). In 2001, the group acquired Transamerica's property information business, becoming the largest real estate information and analytics provider in North America.[5]
Kraig Clark and Steve Schroeder co-founded C&S Marketing in 1997 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.[6]
In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic, under the FARES LLC subsidiary.[7] 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.[8]
In January 2011, CoreLogic acquired RP Data, which provides property analytics and risk management services in Australia and New Zealand[9][10][11] with intent to further expand into the Asia-Pacific region.[12]
The company reported on August 10, 2010[13] that it had restructured internally into three reporting segments: Business and Information Services, Data and Analytics, and Employer, Legal and Marketing Services.
In February, 2011, Anthony “Buddy” Piszel resigned as chief financial officer. Piszel was formerly chief financial officer of Freddie Mac, where he'd been succeeded by David B. Kellerman. Piszel "had received a notice from the SEC that the agency was considering taking action against him" when he resigned from CoreLogic. Piszel was not among the former Freddie and Fannie Mae executives charged by the SEC in December, 2011.[15]
As of October 2010, CoreLogic lists over 200 products and services on its website, designed for a variety of industries including Real Estate, Government, Banking, Legal and Telecommunications.[16]