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.

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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."

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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