CoreLogic, Inc. Strengths, Domain Expertise, and Key Differentiators
CoreLogic is a global property information, analytics and data-enabled services provider operating in North America, Western Europe and Asia Pacific. CoreLogic's combined data from public, contributory and proprietary sources provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information.
CoreLogic have more than one million users who rely on its data and predictive decision analytics to reduce risk, enhance transparency and improve the performance of their businesses. With their data as a foundation, they have built strong analytics capabilities and a variety of value-added business services to meet their 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, analytics and related services.
In February 2020, CoreLogic launched an all-new version of Realist, the company’s hugely popular property intelligence solution used by more than 860,000 real estate professionals across the United States. Completely redeveloped using a modern technology stack, the new Realist provides outstanding reliability and performance combined with a responsive interface optimized for both mobile and desktop devices.
During 2019, CoreLogic completed the acquisition of National Tax Search, LLC, a leading provider of commercial property tax payment services and specializes in identifying potential collateral loss related to unpaid property tax, homeowner’s association fees, and inaccurate flood zone determinations. The NTS acquisition increases the Company’s commercial property tax offerings and is expected to drive future growth in the US.
In September 2019, CoreLogic launched AutomatIQTM Collateral, a solution that will provide lenders with a comprehensive suite of data and analytics on property ownership, value, condition and hazards. By offering a single point of access to obtain crucial property underwriting data, AutomatIQ Collateral will streamline a lender’s workflow, allowing them to make faster decisions, accelerate transaction times and reduce risk throughout the loan origination process.
CoreLogic, Inc. Recent Developments
In April 2020, CoreLogic launched PropertyAssist to Enable Safe and Accurate Appraisal Inspections During COVID-19 Pandemic. PropertyAssist helps to ensure this safety by allowing appraisers to conduct digital inspections and operate remotely. The software provides a step-by-step process for data collection, in addition to helping streamline workflow by: Guiding homeowners through the photo-taking process Filtering photo submissions to ensure they are current and specific to the property being appraised Automatically flowing photos and data into an appraisal report.
CoreLogic, Inc. Mergers and Acquisitions (M&A) Activities
In June 2021, CoreLogic announced the completion of its acquisition by funds managed by Stone Point Capital and Insight Partners for $80 per share in cash. CoreLogic’s common stock has ceased trading on the New York Stock Exchange.
In October 2021, CoreLogic completed the acquisition of all outstanding shares of ClosingCorp. ClosingCorp is a valued partner to major participants in the housing ecosystem providing unique must-have intelligence and digital solutions that streamline the quoting and ordering of critical settlement services needed to originate and service a home loan, eliminating friction, cost and risk.
In September 2021, CoreLogic acquired Next Gear Solutions, a market leader in digital workflow platforms and solutions for the property restoration industry. The combination of Next Gear and CoreLogic’s Claims Connect platforms, gold standard property data and analytics, and tools provides insurance carriers and contractors a compelling choice to enhance and transform the claims experience for policyholders.
In January 2020, CoreLogic acquired Location, Inc., a leader in geographic data sciences and predictive, location-based analytics for businesses across the U.S. and Canada.
CoreLogic, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoreLogic, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CoreLogic, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CoreLogic customers.
CoreLogic, Inc. Overview
Ownership: - Stone Point Capital and Insight Partners
Number of Employees: 5100
Functional Markets: ERP Services and Operations Management,
Key Verticals: Automotive, Banking and Financial Services, Real Estate, Federal Government, State and Local Government, Public Safety, Life Insurance, P&C Insurance, Specialty Insurance, Oil and Gas, Chemicals, Transportation, Utilities,
CoreLogic, Inc. Key Enterprise and Cloud Applications
CoreLogic, Inc. Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CoreLogic, Inc. Revenue Breakdown By Type, $M:
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CoreLogic, Inc. Enterprise Applications Revenues By Functional Markets, $M:
CoreLogic, Inc. Enterprise Applications Revenues By Verticals, $M:
CoreLogic, Inc. Revenues By Region, $M
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CoreLogic, Inc. Direct vs Indirect sales
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CoreLogic, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of CoreLogic, Inc. Customers: 20000
No. of CoreLogic, Inc. Enterprise Applications Customers: 20000
No. of CoreLogic, Inc. Cloud Customers: 5000
No. of CoreLogic, Inc. Cloud Subscribers: 2 million
CoreLogic claimed 20,000 customers in the public and private sectors. More than 1,200,000 Real Estate Professionals, 9,000 Mortgage Banks & Lenders, 300 Capital Markets, 4,500 Property Management Companies, 21 Federal Agencies and 500 Property & Casualty Insurers choose CoreLogic.
In August 2021, CoreLogic announced its OneHome™ virtual platform has been chosen by Stellar MLS, a leading source of reliable and standardized data for real estate professionals. OneHome by CoreLogic, an AI-enabled multiple listing platform, enables agents and homebuyers to work more closely than ever before, instilling confidence in the pursuit of finding a home.
CoreLogic, Inc. Market Opportunities, M&A and Geo Expansions
In October 2021, CoreLogic appointed Garret Gray, Founder and CEO of recently acquired Next Gear Solutions, to lead the Company’s combined claims operations. Collectively, Next Gear Solutions’ digital workflow platforms and solutions for the property restoration industry and CoreLogic’s Claims Connect platforms, gold standard property data and analytics, and tools provides insurance carriers and contractors a compelling choice to enhance and transform the claims experience for policyholders.
In December 2018, CoreLogic exit a loan origination software unit and its remaining legacy default management related platforms, as well as accelerate its AMC transformation program which was completed in November 2019. The successful launch of an enhanced AMC business model is expected to significantly reduce appraiser turn times as well as improve quality and productivity. Based on a strong pipeline of secured business and pending contract signings, CoreLogic’s AMC is expected to generate strong growth and higher profit margins in 2020.
Also in December 2018, they acquired the remaining 72.0% of Symbility, a leading global provider of cloud-based property claims workflow solutions for the property and casualty insurance industry, headquartered in Canada. Symbility is included as a component of their PIRM segment.
In September 2018, CoreLogic adopted the Google Cloud Platform (“GCP”) as a foundational element of their ongoing technology transformation program to further expand infrastructure capabilities and drive efficiencies. eTech was acquired by CoreLogic in February 2018. Since the acquisition, eTech, a CoreLogic business, has leveraged opportunities from across the globe and expanded investment and product offerings to the UK market. Later in March 2020, eTech rebrand to CoreLogic UK.
In August 2017, CoreLogic completed the acquisitions of Mercury Network, Myriad Development, and Clareity Ventures for total cash of approximately $189.4 million.
CoreLogic, Inc. Risks and Challenges
In July 2021, Equifax has signed a definitive agreement to acquire Teletrack, a U.S. leader in alternative credit data, from CoreLogic®. The combination of Teletrack with the Equifax DataX business creates a leading U.S. specialty consumer reporting agency, with data on more than 80 million thin-file, unbanked, underbanked, and credit rebuilding consumers. This powerful source of information will enable lenders and service providers to access more alternative data sources in credit decisioning that can help open new consumer financial opportunities.
CoreLogic’s ability to withstand competition from Ellie Mae – the heavyweight in mortgage origination – could shape its future, raising questions whether CoreLogic has the wherewithal to dominate each of the verticals it sells into.
CoreLogic, Inc. Ecosystem, Partners, Resellers and SI
CoreLogic sales strategy is primarily customer-focused and is structured around customer size. For its largest customers, it assigns a dedicated sales executive whose sole responsibility is to manage that overall customer relationship. For its remaining large and mid-sized customers, a sales executive has responsibility for multiple customers depending on the size of that sales executive’s customer portfolio.
With more than 250 registered and pending trademarks as well as coverage in North America, UK, Australia and parts of Latin America and Asia, CoreLogic possess the foresight and scale to help its customers worldwide.
CoreLogic, Inc. Cloud Infrastructure Insights
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Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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