A definitive agreement has been secured
CoreLogic has entered a definitive agreement to strategically merge and acquire all outstanding shares of ClosingCorp, a residential real estate closing cost data and technology provider.
Terms of the transaction, which is expected to close in the third quarter of 2021, were not disclosed.
The companies have partnered before, integrating intelligence and digital solutions to streamline the quoting and ordering of critical settlement services needed to originate and service a home loan.
Read more: ClosingCorp to integrate with CoreLogic for loan estimates
“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 ClosingCorp CEO Bob Jennings.
“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,” said Frank Martell, president and CEO of CoreLogic. “The combination of ClosingCorp and CoreLogic digital solutions, platforms and domain expertise is clearly additive for our clients and the broader housing ecosystem.”
