Profile: Corelogic Inc (CLGX.K)
31 Jul 2015
CoreLogic, Inc., incorporated on October 13, 2009, is a property information, analytics and data-enabled services provider operating in North America, Western Europe and Asia Pacific. The Company provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The Company operates through two segments: Data & Analytics and Technology and Processing Solutions. The Data & Analytics segment owns or licenses data assets, including loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost and information on mortgage-backed securities. The Technology and Processing Solutions segment provides property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services.
The Company serves real estate and mortgage finance, insurance, capital markets and the public sector markets. The Company offers its clients national databases of public, contributory and proprietary data covering real property and mortgage information, judgments and liens, building and replacement costs, parcel and geospatial data, criminal background records, eviction information, non-prime lending records, credit information and tax information. It serves its clients' needs for mortgage and automotive credit reporting, property tax, property valuation, tenancy, hazard risk, property risk and replacement cost, flood plain location determination, and other geospatial data and related services.
Data & Analytics
The Company's D&A segment licenses its data directly to its clients and provides its clients with analytical products and workflow solutions for risk management, multiple listing services (MLS), insurance underwriting, collateral assessment, loan quality reviews and fraud assessment. The Company also provides geospatial software and databases combining geographic mapping and its data assets. Its primary clients are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, MLS companies, property and casualty insurers, title insurance companies, and government agencies and sponsored enterprises.
The Company is a provider of fraud detection, collateral and mortgages performance analytics and real estate and mortgage-backed securities information. The Company uses its data to link property location and characteristics, real estate transactions, and consumer and loans information to provide useful insights and analysis for its clients. The Company's clients span various industries, including mortgage lending, government, capital markets, consumer-direct, property and casualty insurance, direct marketing, utilities and retail. The Company obtains, normalizes and aggregates real estate property and loans data and makes such data available to its clients with a standard format over the Web or in bulk data form. In addition, the Company offers a number of other services that help its clients assess risk, determine property values and track market performance. It also provides advisory services that allow holders of mortgage-backed securities, loan and real property portfolios to gain insight on the value, quality and attributes of those assets.
The Company offers its clients a host of property valuation services in an effort to assist them in assessing their risk of loss with alternative forms of property valuations, depending upon their needs and regulatory requirements. These include automated valuation models (AVMs), collateral risk scores, appraisal review services and valuation reconciliation services. The Company provides solutions designed to assist its clients in detecting and preventing mortgage fraud and managing risk. It also provides verification of applicant income and identity against Internal Revenue Service and Social Security Administration databases, as well as provides certain employment verification services.
The Company provides real estate listing software systems. The Company integrates client data with its robust property information, resulting in a historical record on almost all residential properties in the United States. The Company provides property valuation and risk management solutions to the insurance, governmental and financial service markets. It provides claims management solutions with advanced routing to automate the workflow in the claims estimation process. It also offers specialized data and analytical models, including Wildfire Risk Score, Coastal Risk Score, Flood Risk Score, and Earthquake and Fire Protection Class. Its analytics and hazard data are delivered to clients through multiple methods, including the RiskMeter OnlineTM platform, software as a service platform targeted to insurance industry participants. It provides screening and risk management services for the multifamily housing industry. It conducts applicant screening and generate consumer reports containing information that may include landlord-tenant court records, lease and payment performance history, credit history and criminal records history primarily for residential property managers and owners throughout the United States. It provides statistically-validated applicant scoring models, developed for the multifamily housing industry, which assess the risk of payment default by a prospective renter.
The Company competes with Fidelity National Financial, Inc., RealPage, Inc., Risk Management Solutions, Verisk Analytics, Inc. and Yardi Systems, Inc.
Technology and Processing Solutions
The Company's TPS segment provides property tax services in the United States. The Company advises mortgage originators and servicers of the property tax payment status on their loans and to monitor that status for the life of the loans. Its clients are national mortgage lenders and servicers, as well as regional mortgage lenders and brokers, credit unions, commercial banks, government agencies and casualty insurance companies.
The Company provides credit and income verification services and flood zone determinations. The Company provides credit services in the United States mortgage and transportation markets, providing solutions that help its clients meet their lending, leasing and other consumer credit automation needs. It is a reseller of credit information and provides merged credit reports with information from each of the three nationwide credit bureaus. It provides flood zone determinations to mortgage lenders. It provides credit reports for under-banked consumer and specialty borrowers. It provides electronic-based lending solutions. It provides a suite of compliance solutions, including post-closing services and document retrieval services. In addition the Company provides custom fulfillment, advisory and other services that allow its clients to benefit from its specialists and their knowledge of its data to provide project-based or client-customized reports. It provides cloud computing-based lending solutions to the financial services market through a suite of enterprise lending automation services.
The Company competes with Nationwide Title Clearing, Lereta LLC, Equifax, Inc. and Kroll Factual Data.
40 Pacifica Ste 900
IRVINE CA 92618-7487