CoreLogic Drops Software Units, Emphasizes Appraisal Management – NMP Skip to main content

CoreLogic Drops Software Units, Emphasizes Appraisal Management

Dec 21, 2018
CoreLogic has announced the availability of CoreLogic a la mode’s PropertyAssist solution to the appraisal community

CoreLogic has announced plans to realign its corporate focus by dropping several business platforms and putting a new focus on others.
 
The Irvine, Calif.-based business said it planned to exit its loan origination software unit and its remaining legacy default management related platforms over the next 24 months. The company added that these non-core software platforms brought in approximately $40 million in revenue during the first three quarters of this year.
 
While this is taking place, CoreLogic plans to accelerate its appraisal management company operations through what it described as “the greater use of data-driven analytics, automation of workflows and enhanced utilization of its dedicated staff appraisers.” CoreLogic acknowledged that this focus is “expected to initially result in lower revenue in 2019,” but will bring greater profit margins in 2020 and beyond. CoreLogic’s appraisal management revenues in the first three quarters of this year came to roughly $65 million.
 
“CoreLogic remains focused on capitalizing on our scale and market leadership and the opportunities presented by our must have workflow solutions in the U.S. mortgage market,” said Frank Martell, President and Chief Executive Officer of CoreLogic. “The actions we are announcing today should further position the company to achieve its 30 percent margin target and enhanced organic growth rates in 2020.”

 
About the author
Published
Dec 21, 2018
More from
Tech
New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

Nov 05, 2026
Gateway Taps ICE For Servicing Overhaul After $2.4B MSR Sale

The lender is consolidating servicing operations on ICE's MSP platform after disclosing regulatory capital constraints that have limited its ability to retain MSRs

Nov 05, 2026
Rocket's New Tool Lets Brokers Counter Rival Refi Offers On The Spot

Born from a broker's winning Big Pitch proposal, Quick Counter analyzes competing Loan Estimates and generates alternative offers during borrower calls

Nov 03, 2026
Dark Matter Expands AI Ambitions With House Numbers Acquisition

The deal builds on a series of automation initiatives as the tech provider moves toward AI agents capable of executing tasks throughout the loan lifecycle

Nov 02, 2026
Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Oct 27, 2026