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CoreLogic buys rest of RELS from Wells Fargo

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Under the terms of the agreement, CoreLogic was to pay $65 million to Wells Fargo for its ownership interest in RELS. Then, in June 2017, CoreLogic announced it was buying Mercury Network, a purchase valuation technology company, from Serent Capital, which bought Mercury Network from a la mode back in 2015.

CoreLogic, Inc. (NYSE: CLGX) is an Irvine, CA-based corporation providing financial, property. of property valuation and appraisal services it owned in partnership with Wells Fargo.. The D&A group acquires and links property, mortgage and financial data using models and algorithms to produce analytics for clients.

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The Company is owned 50.1% by CoreLogic, Inc. and 49.9% by Wells Fargo & Co]. Any time a mortgage finance transaction is initiated with Wells Fargo, a purchase or refinance for example, RELS Valuation is responsible for assigning and delivering the appraisal to its parent company, Wells Fargo Bank, N.A.

Under the terms of the agreement, CoreLogic was to pay $65 million to Wells Fargo for its ownership interest in RELS. Then, in June 2017, CoreLogic announced it was buying Mercury Network, a purchase valuation technology company, from Serent Capital, which bought Mercury Network from a la mode back in 2015.

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CoreLogic also acquired the rest of RELS, a provider of property valuation and appraisal services, from Wells Fargo in 2016 for more than $60 million. Beyond that, CoreLogic bought Mercury Network, a purchase valuation technology company, from Serent Capital , which bought Mercury Network from a la mode back in 2015 .

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CoreLogic Inc. paid Wells Fargo Bank N.A. $65 million for the 49.9% of RELS LLC it didn’t yet own. irvine-based corelogic provides property information and analytics. RELS is an appraisal company in.

CHICAGO, Nov. 9, 2017 /PRNewswire/ — hub international limited (hub), a leading global insurance brokerage, announced today that it has signed a purchase agreement to acquire the assets of Wells.

Wells Fargo Advisors is a trade name used by Wells fargo clearing services, LLC (WFCS) and Wells fargo advisors financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Prior to the acquisition, RELS operated under the joint ownership of CoreLogic and Wells Fargo, with CoreLogic previously owning 50.1% of the company and Well Fargo owning the remaining 49.9%.