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Company Backgrounder

Overview

First American CoreLogic, Inc. is the nation’s largest provider of advanced property and ownership information, analytics, and solutions. Our databases covers more than 3,000 counties, representing 97 percent of the nation’s real estate transactions.  First American CoreLogic obtains property records, tax assessments, property characteristics, and parcel maps from tax assessors and county recorders offices across the nation. This information is combined with flood, demographics, crime, site inspection, neighborhood, document images and other information from proprietary sources to further enrich our databases.

With more than 600,000 users nationwide, our real estate analytics, information and solutions are employed extensively by clients to measure the value of residential and commercial properties, improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, identify real estate trends and neighborhood characteristics, track market performance and increase market share.

History

The company started as a regional data collector, under the names of DAMAR and TRW Real Estate Information Services, and then moved to national standing under Experian. In 1997, it was aquired by The First American Corporation in a partnership agreement with Experian. With the acquisition of  TransAmerica’s property information business in 2001, they became the largest real estate information and analytics provider in North America.

In February 2007, First American CoreLogic was formed through the merger with CoreLogic Systems, the leading provider of residential mortgage risk management and fraud protection technology and services. The combined companies’ databases cover more than 3,000 counties, representing 99.4 percent of the United States population.

Today, First American CoreLogic is majority owned by its parent, The First American Corporation (NYSE:  FAF), a Fortune 500 company founded in 1889. As a member of The First American family of companies, First American CoreLogic operates under the corporation’s Property Information and Services Group (PISG). With revenues of $8.5 billion in 2006, The First American Corporation has approximately 2,100 offices throughout the United States and abroad.

Competitive Advantage

First American CoreLogic has more experience than all of its competitors combined and is the preferred provider of real estate information in the lending industry. The client list includes the top mortgage lenders, over 250,000 Realtors® and a majority of the leading database marketing companies in the industry.

The company has developed the largest Oracle® database of its kind. This database allows the company to leverage property information to drive an ever-expanding array of advanced analytics and solutions,  including automated valuation models (AVMs), risk management platforms and fraud tools. To safeguard this information as well as its clients’ information, the company has created a world-class data center that is TruSecure certified—one of the most stringent certifications in the industry.

 

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