In the Matter of CoreLogic, Inc., a corporation, File No. 131 0199 #00026

Submission Number:
00026
Commenter:
Mass Mail Campaign (48 submissions)
State:
Utah
Initiative Name:
In the Matter of CoreLogic, Inc., a corporation, File No. 131 0199
In response to the CoreLogic Inc. proposed consent agreement, the Commission received over 48 identical comments, and a representative copy of those comments is found below. I am very concerned with the aggregation of companies being acquired by Core Logic and the potential adverse impact on the valuation industry by a company that has total vertical integration of the valuation segment of the market could have on Appraisal Independence. Core Logic controls over half of the MLS systems in the USA owns one of the largest title companies in the USA and has acquired companies such as Marshall and Swift Cost Service, Narrative One Commercial Report Writer and owns one of the largest Appraisal Management Companies in the USA with a large number of Staff Appraisers. The acquisition of Alamode which is the largest Residential Appraisal Report software is the latest valuation software application. My concern is that Narrative One and Total by Alamode have or are bringing on could based data systems that could compromise the data privacy that is being verified and sales to private databased that are now owned by a company that aggregates and resells that data. As the company has an Appraisal Company with a large staff of appraisers, controls a significant amount of the real estate data and is now acquiring appraisal software that has confidential appraisal reports and data, the potential to adversely influence, alter and potentially monopolize the real estate market is a real possibility that I don't believe is in the public interest. I would like to see Core Logic prohibited from being capable of both providing valuations, controlling significant portions of the data and having access to confidential appraisal data that is being developed by independent commercial and residential appraisers that use products such as Narrative One and Total by Alamode. Thank you for your consideration Craig Morley, GAA, MNAA