CoreLogic Acquires Mercury Network

Phil Hall

Jun 07, 2017

CoreLogic has announced that it has been selected to provide the U.S. Department of Housing & Urban Development (HUD) with a comprehensive set of valuation and workflow solutions

The level of consolidation within the mortgage space continued as CoreLogic has announced its acquisition of the valuation technology and appraisal management platform provider Mercury Network from Serent Capital.

In a statement issued by the Irvine, Calif.-based company, CoreLogic stated that it “acquired a 45 percent passive minority stake in Mercury Network,” with the purchase of the remaining portion expected to close later in the year. CoreLogic added that it plans to continue offering Mercury Network’s technology platforms and related services to emerging lenders and AMCs while focusing its own FNC technology offering on larger lenders. Mercury Network will continue to be headquartered in Oklahoma City.

“Mercury Network’s platforms complement the CoreLogic appraisal technology platforms and analytics business acquired from FNC in 2016,” said Frank Martell, CoreLogic president and CEO. “They will broaden the reach of CoreLogic’s valuation technology products and services to smaller and medium-sized lenders and AMCs. Through this acquisition, CoreLogic will improve its value proposition and go to market strategy for its broad range of valuation-related data and analytics to this important and growing segment of the industry.”

Link copied

Published

Jun 07, 2017

Sales and Marketing

Emmy-Winning Director Takes Viewers Inside the World of Mortgage Originators in 'LO Confidential'

New reality series offers a glimpse of the mortgage industry's challenges.

Ever wonder what it's like to work on commission in a down market? Emmy-award winning director Kirby Bradley tries to give you a taste with "LO Confidential."  It's a new reality show released this week on YouTube that follows three loan originators in three Fairway In...

Analysis and Data

Pending Home Sales Decline By 1.5% In October

Rising mortgage rates and limited inventory cast a shadow on real estate market.

Pending home sales dropped 1.5% in October, according to the National Association of Realtors (NAR). It marks a concerning trend for the housing market and reveals a challenging landscape for potential buyers and sellers, influenced by factors such as rising mortgage rates a...