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Press Release for name change released 25th March |
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{{Outdated as of | year = 2025 | month = 03 | day = 25 | last updated = 5 April, 2025 | |topic= Rebranding}}
{{short description|American business data company}}
{{Advert|date=November 2021}}
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'''CoreLogic, Inc.''' is an [[Irvine, CA|Irvine]]
==History==
CoreLogic dates back to September 1991, when [[TRW Inc.|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]].<ref>{{cite web |url=https://
In September 1996, the group, then known as TRW Information Systems & Services, split away from
In September 1997, majority ownership of Experian's real estate information business was acquired by [[First American Corporation|The First American Corporation]], in a partnership with Experian.<ref>{{cite web |url=https://
Also in 1997, Kraig Clark and Steve Schroeder co-founded C&S Marketing in [[Sacramento, California|Sacramento, CA]].<ref>{{cite web |url=http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |title=CoreLogic vets' new firm, Auqeo, provides sales support for tech startups |publisher=bizjournals.com |date=2013-10-18 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120521/http://www.bizjournals.com/sacramento/print-edition/2013/10/18/corelogic-vets-auqeo-tech-support-vets.html?page=all |url-status=live }}</ref> 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
In March 2007, First American Corporation merged its First American RES subsidiary with CoreLogic Systems, under the FARES LLC subsidiary.<ref>{{cite web|url=https://www.questia.com/read/1G1-161610912 |title=First American RES Merges with CoreLogic |publisher= |date=2007-03-01 |accessdate=}}{{dl|date=July 2021}}</ref> The division began operating under the name First American CoreLogic.<ref name=spin1>{{cite web |url=http://www.bizjournals.com/sacramento/stories/2010/05/24/story10.html?page=all |title=Title company First American to spin off CoreLogic in June |publisher=bizjournals.com |date=2010-05-20 |accessdate=2015-05-09 |archive-date=2015-05-18 |archive-url=https://web.archive.org/web/20150518120516/http://www.bizjournals.com/sacramento/stories/2010/05/24/story10.html?page=all |url-status=live }}</ref>
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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.<ref>{{cite web |url=http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |title=CoreLogic buys Dorado for $32M |publisher=bizjournals.com |date=2011-05-15 |accessdate=2015-05-09 |archive-date=2011-08-18 |archive-url=https://web.archive.org/web/20110818003849/http://www.bizjournals.com/sanjose/news/2011/03/15/corelogic-buys-dorado-for-32m.html |url-status=live }}</ref>
In July 2011, the company sold its CoreLogic India operations to [[Cognizant]], for $50 million. As part of the transaction, the companies also announced a five year, $324 million services agreement.<ref>{{cite web |url=http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |title=Cognizant acquires CoreLogic's India services operations |publisher=infoworld.com |date=2011-07-26 |accessdate=2016-09-28 |archive-date=2016-10-01 |archive-url=https://web.archive.org/web/20161001211634/http://www.infoworld.com/article/2622485/m-a/cognizant-acquires-corelogic-s-india-services-operations.html |url-status=live }}</ref>
In January 2013 CoreLogic bought Middletown, CT-based CDS Business mapping, a provider of geospatial hazard reports including distance to coast, [[flood zone]]s, rating territories, proximity to brush, [[wind pool|wind pull]] eligibility and [[earthquake]] information. CoreLogic reported it would integrate the business into its existing Spatial Solutions business.<ref>{{cite web |url=http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |title=CoreLogic Buys CDS Business Mapping in Connecticut |publisher=insurancejournal.com |date=2013-01-23 |accessdate=2015-05-13 |archive-date=2016-03-04 |archive-url=https://web.archive.org/web/20160304093459/http://www.insurancejournal.com/news/east/2013/01/23/278439.htm |url-status=live }}</ref>
In April 2013, CoreLogic bought Case-Schiller, the producers of the [[Case–Shiller index|Case-Shiller home price index]], known as one of the most important measures of the health of the housing market.<ref name=case-shiller>{{cite web |url=https://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |title=Housing Data Dance: CoreLogic Buys Case-Shiller |publisher=WSJ.com |date=2013-04-26 |accessdate=2015-05-22 |archive-date=2015-07-03 |archive-url=https://web.archive.org/web/20150703110453/http://blogs.wsj.com/developments/2013/04/26/housing-data-dance-corelogic-buys-case-shiller/ |url-status=live }}</ref>
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In December 2013, CoreLogic acquired catastrophic modeling firm Eqecat from Texas-based ABS Group.<ref>{{cite web |url=http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |title=CoreLogic Acquires Catastrophe Modeling Firm Eqecat |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-01-23 |archive-url=https://web.archive.org/web/20150123234643/http://www.insurancejournal.com/news/national/2013/12/29/315600.htm |url-status=live }}</ref>
In December 2013, CoreLogic subsidiary Property IQ is given permission by the NZ Commerce Commission to acquire Terralink International, merging both into CoreLogic NZ.
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.<ref>{{cite web |url=http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |title=CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick |publisher=insurancejournal.com |date=2013-12-29 |accessdate=2015-05-13 |archive-date=2015-05-02 |archive-url=https://web.archive.org/web/20150502221422/http://www.insurancejournal.com/news/west/2014/03/25/324408.htm |url-status=live }}</ref>▼
▲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.
In June 2014, CoreLogic expanded its hail, wind and lightning weather risk-management capabilities by acquiring Weather Fusion,<ref>{{cite web |url=http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |title=CoreLogic Expands Insurance Offerings with Hail, Wind and Lightning Weather Forensics |publisher=geospatial-solutions.com |date=2014-06-05 |accessdate=2015-05-13 |archive-date=2015-04-26 |archive-url=https://web.archive.org/web/20150426030613/http://geospatial-solutions.com/corelogic-expands-insurance-offerings-with-hail-wind-and-lightning-weather-forensics/ |url-status=live }}</ref> formerly known as livehailmap.com.<ref>{{cite web |url=http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |title=LiveHailMap.com is Now Weather Fusion |publisher=claimsjournal.com |date=2013-02-07 |accessdate=2015-05-13 |archive-date=2017-03-13 |archive-url=https://web.archive.org/web/20170313213917/http://www.claimsjournal.com/news/national/2013/02/07/222609.htm |url-status=live }}</ref>
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In March 2017, its CEO Nallathambi died shortly after taking medical leave from the company.<ref>{{cite web |url=http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |title=CoreLogic CEO Nallathambi, on medical leave, has died |publisher=ocregister.com |date=2017-03-03 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312050642/http://www.ocregister.com/articles/corelogic-745582-nallathambi-company.html |url-status=live }}</ref> Shortly thereafter, the company announced Frank Martell as its new President and CEO.<ref>{{cite web |url=http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |title=CoreLogic Names Martell CEO |publisher=ocbj.com |date=2017-03-06 |accessdate=2017-03-10 |archive-date=2017-03-12 |archive-url=https://web.archive.org/web/20170312095152/http://www.ocbj.com/news/2017/mar/06/corelogic-names-martell-new-ceo/ |url-status=live }}</ref>
In April 2018, CoreLogic acquired "a la mode technologies, LLC", a real estate appraisal software company, for $120 million.{{Citation needed|date=September 2024}}
In May 2018, CoreLogic launched a non-weather-related fire and water risk solution.<ref>{{Cite web|url=http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|title=CoreLogic Launches First Non-Weather-Related Risk Solution - DSNews|last=Ojha|first=Radhika|website=dsnews.com|date=25 May 2018|language=en-US|access-date=2018-06-20|archive-date=2018-06-20|archive-url=https://web.archive.org/web/20180620101324/http://dsnews.com/headline/05-25-2018/corelogic-launches-first-non-weather-related-risk-solution|url-status=live}}</ref>
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== External links ==
* [https://www.corelogic.com/ CoreLogic USA (Headquarters)]
* [https://www.corelogic.com.au/ CoreLogic Australia]
* [https://www.corelogic.co.nz/ CoreLogic New Zealand]
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