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CORELOGIC, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed May 7, 2021. Its latest SEC filing is a 15-12B from Jun 15, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides property information, analytics, software platforms and services to mortgage and real estate businesses, insurers and government agencies.

How Did They Make Money?

Clients buy property data, reports and appraisal services, with deliverables provided on delivery; hosted platform access and some services extend over a contract or service period, while transactional licenses are based on use.

FY2020 revenue

Who Were Their Customers?

Mortgage lenders, servicers, insurers, real estate firms and public agencies buy CoreLogic’s data and services. CoreLogic delivers data directly to clients; sales executives manage larger relationships, while inside sales serves smaller clients.

Did Revenues Turn Into Profits?

Yes. It kept 18 cents of every revenue dollar as net income in FY2020 and turned 29 cents into free cash flow.

Operating income, FY2020
20% of revenue
▲ +171% vs FY2019 ($122M, 8%)
Net income, FY2020
18% of revenue
▲ +510% vs FY2019 ($49.4M, 3%)
Free cash flow, FY2020
29% of revenue
▲ +68% vs FY2019 ($285M, 20%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Mar 31, 2021
Revenue
▲ +20%
vs $352.9M in Q1 FY2020
Net income
▲ +58%
vs $33.8M in Q1 FY2020
  • Jun 4, 2021 Stone Point and Insight Partners completed the acquisition; shares were delisted CoreLogic became a private company, and its common stock ceased trading on the New York Stock Exchange.

Shrank. Revenue fell 16% in 4 years, from $2B in FY2016 to $1.6B in FY2020, about 4% a year.

Exiting reseller services The older business description included mortgage and automotive credit reporting and tenancy screening; the latest report says the company is exiting reseller operations focused on mortgage credit and borrower verification and multi-family tenant screening.

Who Did They Compete With?

Competes with Black Knight, ATTOM Data, First American Financial, Verisk Analytics, Lereta, Clear Capital, Solidifi, and ServiceLink

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