Origination Services Help Boost Continuing Operations EPS at CoreLogic
Origination services-related revenue helped increase CoreLogic’s net income from continuing operations, as well as diluted earnings per share from continuing operations, during the fourth quarter to $16.7 million and $0.17 per share from a net loss of $6.3 million and $0.06 per share.
In additional to an increase in mortgage origination services, growth in data and analytics helped build revenue during the quarter, according to the company.
“Despite market forecasts indicating a reduction in loan origination volumes, we believe CoreLogic is positioned to deliver revenue and profit growth in 2013," said Anand Nallathambi, president and CEO of CoreLogic, in a press release.
"Over the course of 2013, we expect to continue to reinvest in strategic growth areas and our technology transformation initiatives, and to return capital to our shareholders."