First American Announces New Corporate Name

Posted by Orb Staff on April 28, 2010 No Comments
Categories : Residential Mortgage

The First American Corporation has selected the name ‘CoreLogic‘ as the new corporate name for its Information Solutions Group.

As previously announced, First American will split its Information Solutions Group (CoreLogic) and Financial Services Group into two separate, publicly traded companies. The separation is targeted to close on June 1. CoreLogic will trade under the symbol CLGX.

At the time of the separation, First American Financial Corporation, which will hold the Financial Services Group, will adopt the ‘FAF’ ticker symbol for trading on the New York Stock Exchange.

‘We selected the CoreLogic name from our current portfolio of brands as a unifying description of the broad data, analytics and business information services we provide to support the core processes of our customers,’ says Anand Nallathambi, president and CEO of CoreLogic.

The group of businesses that will come to market under the new CoreLogic brand is larger and more diverse than the company that is known today as First American CoreLogic, the company says. The new CoreLogic encompasses more than 20 different business lines in the areas of data, analytics and outsourcing services, as well as the consumer credit and information companies that were acquired with First Advantage.

SOURCE: CoreLogic

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