IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today announced the completion of its 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.
ClosingCorp will continue to be led by Bob Jennings and remain headquartered in San Diego. The ClosingCorp team will join CoreLogic’s BUY segment which includes various solutions focused on the origination of home loans. ClosingCorp’s intelligence and digital solutions broaden and add new capabilities for CoreLogic’s customers in such areas as assessing settlement service fees and mortgage tax obligations as well as access to title and closing services.
“From its inception, ClosingCorp set out to simplify the way our industry estimates fees and taxes and orders settlement services,” said Bob Jennings, ClosingCorp Chief Executive Officer. “This transaction confirms the value of our approach, and creates a foundation for future innovation for lenders, investors and the borrowers they serve.”
Frank Martell, president and CEO of CoreLogic said, “We are excited to join forces with Bob and the ClosingCorp team as we expand our range of innovative best-in-class solutions for mortgage lenders, title and settlement companies and real estate professionals. The combination of ClosingCorp and CoreLogic digital solutions, platforms and domain expertise is clearly additive for our clients and the broader housing ecosystem.”
CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.