CoreLogic holds innovation center grand opening in Oxford
CoreLogic, which bought out the homegrown technology company FNC, unveiled a new innovation center on its Oxford campus this week.
FNC was founded in the mid-1990s by former University of Mississippi professors and mortgage industry experts Bill Rayburn and Dennis Tosh. The company pioneered real estate collateral information technology and solutions that automate property appraisal ordering, tracking, documentation and review for lender compliance with government regulations.
CoreLogic, a global property information, analytics and data-enabled services provider, purchased FNC in 2015 for $475 million.
CoreLogic officials said it would continue to maintain and strengthen its ties to the Oxford community through its various sponsorships and partnerships including its participation in Leadership Lafayette and Leadership Mississippi programs. Before being bought out, FNC became the major naming-rights sponsor of FNC Park and the FNC Tennis Center at John Leslie Court.
According to a statement from CoreLogic, their innovation centers, “create (the) next generation of technology platforms, applications, analytical models and solutions that will generate unique residential property data-driven insights, powering the global real estate economy.”
Frank Martell, the COO of CoreLogic, said that in the six months that they’ve acquired FNC, they’ve delivered record levels of growth and profit.
“We view Oxford as a key hub,” he said. “We’re trying to grow the operation here and the innovation center is one piece of it.”
CoreLogic has their main innovation center in Dallas with centers also in Sydney, Australia and Santa Monica, California.
In closing his speech to the employees that had assembled for the unveiling of the new sign, Martell said, “It’s a great day for the company.”