Irvine, California-based CoreLogic, a property information, analytics, and data-enabled solutions provider, announced the execution of a definitive merger agreement to acquire all outstanding shares of ClosingCorp. The transaction is expected to close in the third quarter of 2021 subject to regulatory approvals, and other customary closing conditions.
CoreLogic in a news release says ClosingCorp, headquartered in San Diego, "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’s unique solutions coupled with the property-level digital content and platforms of CoreLogic enable us to continue our rapid growth and accelerate the introduction of new high-demand products. Pairing our fees and order management platform with the greater resources that CoreLogic brings will create significant benefits for our customers in terms of simplified workflow and continuous innovation,” said Bob Jennings, ClosingCorp CEO.
Frank Martell, President and CEO of CoreLogic said, “The CoreLogic team is 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.”