CoreLogic
Encyclopedia
CoreLogic, Inc. 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.
The company reported $916.5M revenue for the first six months of 2010.
Real Estate Information Services entered into a partnership with three real estate information service units from Elsevier
, a Dutch publishing company. In 1996, the group, by then known as TRW Information Systems & Services, was spun off and renamed Experian
.
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.
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.
In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic, 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, CoreLogic acquired RP Data, which provides property analytics
and risk management
services in Australia
and New Zealand
with intent to further expand into the Asia-Pacific
region.
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.
The company reported $916.5M revenue for the first six months of 2010.
History
The company known today as CoreLogic, Inc. dates back to 1991, when TRWTRW
TRW Inc. was an American corporation involved in a variety of businesses, mainly aerospace, automotive, and credit reporting. It was a pioneer in multiple fields including electronic components, integrated circuits, computers, software and systems engineering. TRW built many spacecraft,...
Real Estate Information Services entered into a partnership with three real estate information service units from Elsevier
Elsevier
Elsevier is a publishing company which publishes medical and scientific literature. It is a part of the Reed Elsevier group. Based in Amsterdam, the company has operations in the United Kingdom, USA and elsewhere....
, a Dutch publishing company. In 1996, the group, by then known as TRW Information Systems & Services, was spun off and renamed Experian
Experian
Experian plc, formerly known as CCN Systems, is a global credit information group with operations in 36 countries. The company employs 15,500 people with corporate headquarters in Dublin, Ireland and operational headquarters in Nottingham, England and Costa Mesa, California, US...
.
In 1997, majority ownership of Experian's real estate information business was acquired by The First American Corporation
First American Corporation
First American Financial Corporation is a United States financial services company and is a leading provider of title insurance and settlement services to the real estate and mortgage industries....
, 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
Transamerica Corporation
Transamerica Corporation is a holding company for various life insurance companies and investment firms doing business primarily in the United States. It was acquired by the Dutch financial services conglomerate AEGON in 1999.-History:...
's property information business, becoming the largest real estate information and analytics provider in North America.
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.
In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic, 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
First American Corporation
First American Financial Corporation is a United States financial services company and is a leading provider of title insurance and settlement services to the real estate and mortgage industries....
which provides title and financial services.
In January 2011, CoreLogic acquired RP Data, which provides property analytics
Analytics
Analytics is the application of computer technology, operational research, and statistics to solve problems in business and industry. Analytics is carried out within an information system: while, in the past, statistics and mathematics could be studied without computers and software, analytics has...
and risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
services in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
with intent to further expand into the Asia-Pacific
Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...
region.
Internal Restructuring
The company reported on August 10, 2010 that it had restructured internally into three reporting segments: Business and Information Services, Data and Analytics, and Employer, Legal and Marketing Services.- The Business and Information Services segment consists of two groups: mortgage origination services, and default and technology services. The latter group offers services to owners/servicers of troubled mortgage assets, and provides custom outsourcing solutionSolutionIn chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for clients. - The Data and Analytics segment consists of two groups: risk and fraud analytics, which are primarily risk management solutions for clients, and specialty finance solutions, which focus on CoreLogic's products related to credit, broker and multiple listing services.
- The Employer, Legal and Marketing Services segment provides information management and risk mitigation solutions. The company announced in August 2010 that it was considering selling this segment to focus more on its data, analytics and business information segments.