CoreLogic, a property information, analytics and data-enabled services provider, has acquired Marshall & Swift/Boeckh (MSB) and DataQuick Information Systems, and the credit and flood services operations of DataQuick Lending Solutions from the Decision Insight Information Group.
Established in 1930, MSB operates as a residential and commercial property valuation solution provider to the property and casualty insurance industry.
DataQuick Information Systems trades as a property data and analytics information company and offers real estate data, analytics and business solutions to mortgage originators and servicers, investors, real estate professionals and the public sector.
CoreLogic said that the takeover of all these firms will expand its data & analytics (D&A) segment and add unique and complementary data assets and analytic capabilities.
CoreLogic president and CEO Anand Nallathambi said, "The acquisition of MSB and DataQuick significantly expands our footprint in property and casualty insurance and adds additional scale to our existing property data and analytics business."
"The combination of MSB and our existing geo-spatial business capabilities and property-related data assets allows CoreLogic to provide our clients in the insurance industry with new and unique insights into underwriting property coverage as well as managing natural hazard risks and claims."
The acquirer said that MSB operations and DataQuick’s data licensing and analytics units will be reported within the Company’s D&A segment, whereas DataQuick’s flood zone determination and credit servicing operations will be combined into the Technology and Processing Solutions segment.