CoreLogic Innovation Center Unveiled

In April, it was announced that CoreLogic acquired FNC for $475 million to form a partnership aimed at providing a new generation of solutions and insights to the global real estate economy.

Today, the new partnership was officially unveiled at the brand new CoreLogic Innovation Center. Oxford is the fourth CoreLogic Innovation Center with other locations in Dallas, Santa Monica and Sydney, Australia. The Innovation Centers are focused on the continued development of high-tech property valuation products.

FNC served the Oxford community for 20 years and was acquired by CoreLogic based on their reputation of providing quality service to their customers. While the merger comes with a high price tag, Jon Fisher, director of product management at FNC, noted that both sides would benefit from the partnership.

“FNC was purchased for our expertise in the valuation space, specifically around the development of the valuation of platforms. There’s also a bid data and analytic component to it,” Fisher said. “We have one of the more respected in the industry. CoreLogic recognized that, and that’s why they bought FNC. They saw a lot of value in that, and they paid a premium price to acquire FNC.”

While FNC and CoreLogic will benefit from the partnership, Fisher discussed that the biggest group that will benefit are the customers and the Oxford community.

“The customers are going to see more rapid development of products. It’ll benefit our employees by giving them a much larger capital base to draw from,” Fisher said. “It’s going to really benefit the community as well. The development of the innovation center here is going to eventually be a job catalyst for the community.”

Representatives from CoreLogic and FNC are already on the road recruiting college students as a way to create jobs for recent graduates and will look to expand their reach as they settle into the new partnership.

While there is still work to be done for FNC and CoreLogic as they renovate their building and get acclimated to the new system, Fisher hopes to see the continuance of a smooth transition.

“FNC has had some time to get broken in here for about six months, and its been going very smoothly. With a lot of acquisitions, there’s always conflict, but there hasn’t been any of that so far. It’s been a very smooth process,” Fisher said, “We’re still moving some things around, but we’re looking to be fully in operation very soon.”

With this new partnership, CoreLogic and FNC will be able to work together to provide consumers with a more complete insight of the global real estate economy while offering numerous solutions through the use of the new innovation center.

“We are excited to see this much progress in such a short amount of time,” Fisher said. “We’re really happy that CoreLogic is here with us, and we’re looking forward to continuing to grow here in Oxford.

For more information about CoreLogic, click here.

For more information about FNC, click here.

Steven Gagliano is a writer for HottyToddy.com. He can be reached at steven.gagliano@hottytoddy.com.

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