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CoreLogic Completes Acquisition of Mercury Network, LLC

IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic®(NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that the company has completed the 100 percent acquisition of Mercury Network, LLC from Serent Capital. In June the company purchased a 45 percent minority stake in Mercury Network.

“We are very excited to bring the Mercury Network team into the CoreLogic family. The acquisition of Mercury Network is a significant step in advancing our valuation solutions capabilities”

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Mercury Network is a valuation technology and appraisal management platform company, providing the software used by more than 800 emerging and medium-sized mortgage lenders and appraisal management companies (AMCs) to manage their collateral valuation operations.

“We are very excited to bring the Mercury Network team into the CoreLogic family. The acquisition of Mercury Network is a significant step in advancing our valuation solutions capabilities,” said Frank Martell, CoreLogic president and CEO. “It complements our leading FNC platform which today serves over 100 major lenders. Together, Mercury and FNC valuation platforms allow CoreLogic to provide unmatched content, analytics and workflow solutions to over 900 lenders and appraisal management companies and 80,000 appraisal, title and property inspection professionals. Our valuation platform business is now a scaled, high-growth and high-margin business and a foundational element of our strategy to transform the valuations space in the U.S.”

CoreLogic intends to continue to offer Mercury Network’s technology platforms and related services to emerging lenders and...


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