10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

OR

o           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to

Commission file number 001-13585

CoreLogic, Inc.

(Exact name of registrant as specified in its charter)

Delaware	95-1068610
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

40 Pacifica, Irvine, California	92618-7471
(Address of principal executive offices)	(Zip Code)

(949) 214-1000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  x     No   o

Indicate by check mark whether the registrant: is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o  (Do not check if a smaller reporting company)	Smaller reporting  company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  o    No   x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

On July 25, 2016 there were 88,296,578 shares of common stock outstanding.

CoreLogic, Inc.

INFORMATION INCLUDED IN REPORT

Part  I:	Financial Information	1
Item 1.	Financial Statements (unaudited)	1
	A. Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015	1
	B. Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2016 and 2015	2
	C. Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2016 and 2015	3
	D. Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2016 and 2015	4
	E. Condensed Consolidated Statement of Stockholder's Equity for the six months ended June 30, 2016	5
	F. Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	32
Item 4.	Controls and Procedures	32
Part II:	Other Information	33
Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	40
Item 3.	Defaults upon Senior Securities	40
Item 4.	Mine Safety Disclosures	40
Item 5.	Other Information	40
Item 6.	Exhibits	40

PART I: FINANCIAL INFORMATION

Item 1.  Financial Statements.

CoreLogic, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(in thousands, except par value)	June 30,			December 31,
Assets	2016			2015
Current assets:
Cash and cash equivalents	$	72,367		$	99,090
Marketable securities	22,570			22,709
Accounts receivable (less allowance for doubtful accounts of $7,633 and $6,212 as of June 30, 2016 and December 31, 2015, respectively)	267,089			240,988
Prepaid expenses and other current assets	70,107			45,882
Income tax receivable	8,756			37,029
Deferred income tax assets, current	—			95,887
Assets of discontinued operations	681			681
Total current assets	441,570			542,266
Property and equipment, net	455,438			375,654
Goodwill, net	2,099,173			1,881,547
Other intangible assets, net	507,795			352,148
Capitalized data and database costs, net	330,762			327,841
Investment in affiliates, net	63,348			69,205
Deferred income tax assets, long-term	2,240			2,219
Restricted cash	11,009			10,926
Other assets	107,987			111,910
Total assets	$	4,019,322		$	3,673,716
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses	$	175,461		$	158,213
Accrued salaries and benefits	84,241			117,187
Deferred revenue, current	280,461			269,071
Mandatorily redeemable noncontrolling interests	—			18,981
Current portion of long-term debt	43,863			48,497
Liabilities of discontinued operations	2,506			2,527
Total current liabilities	586,532			614,476
Long-term debt, net of current	1,584,947			1,288,177
Deferred revenue, net of current	459,765			448,819
Deferred income tax liabilities, long term	101,881			107,249
Other liabilities	175,938			165,505
Total liabilities	2,909,063			2,624,226
Stockholders' equity:
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding	—			—
Common stock, $0.00001 par value; 180,000 shares authorized; 88,293 and 88,228 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	1			1
Additional paid-in capital	542,101			551,206
Retained earnings	686,301			618,399
Accumulated other comprehensive loss	(118,144		)	(120,116		)
Total stockholders' equity	1,110,259			1,049,490
Total liabilities and equity	$	4,019,322		$	3,673,716

The accompanying notes are an integral part of these condensed consolidated financial statements.

1

CoreLogic, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
(in thousands, except per share amounts)	2016			2015			2016			2015
Operating revenues	$	500,204		$	386,013		$	953,747		$	750,784
Cost of services (excluding depreciation and amortization shown below)	264,731			189,743			510,110			375,286
Selling, general and administrative expenses	116,667			98,291			227,877			192,276
Depreciation and amortization	43,291			37,272			82,935			73,250
Total operating expenses	424,689			325,306			820,922			640,812
Operating income	75,515			60,707			132,825			109,972
Interest expense:
Interest income	557			882			1,186			2,340
Interest expense	18,401			17,480			32,681			31,315
Total interest expense, net	(17,844		)	(16,598		)	(31,495		)	(28,975		)
Gain/(loss) on investments and other, net	2,958			(1,356		)	2,707			(1,047		)
Income from continuing operations before equity in earnings of affiliates and income taxes	60,629			42,753			104,037			79,950
Provision for income taxes	20,283			14,156			36,062			25,622
Income from continuing operations before equity in earnings of affiliates	40,346			28,597			67,975			54,328
Equity in earnings/(losses) of affiliates, net of tax	78			4,667			(11		)	8,434
Net income from continuing operations	40,424			33,264			67,964			62,762
Loss from discontinued operations, net of tax	(4		)	(217		)	(62		)	(329		)
Net income	40,420			33,047			67,902			62,433
Less: Net income attributable to noncontrolling interests	—			258			—			465
Net income attributable to CoreLogic	$	40,420		$	32,789		$	67,902		$	61,968
Amounts attributable to CoreLogic stockholders:
Net income from continuing operations	$	40,424		$	33,006		$	67,964		$	62,297
Loss from discontinued operations, net of tax	(4		)	(217		)	(62		)	(329		)
Net income attributable to CoreLogic	$	40,420		$	32,789		$	67,902		$	61,968
Basic income per share:
Net income from continuing operations	$	0.46		$	0.37		$	0.77		$	0.69
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.46		$	0.37		$	0.77		$	0.69
Diluted income per share:
Net income from continuing operations	$	0.45		$	0.36		$	0.76		$	0.68
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.45		$	0.36		$	0.76		$	0.68
Weighted-average common shares outstanding:
Basic	88,572			89,654			88,441			89,702
Diluted	89,968			90,963			89,947			91,038

The accompanying notes are an integral part of these condensed consolidated financial statements.

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CoreLogic, Inc.

Condensed Consolidated Statements of Comprehensive Income

(Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
(in thousands)	2016			2015			2016			2015
Net income	$	40,420		$	33,047		$	67,902		$	62,433
Other comprehensive (loss)/income
Market value adjustments to marketable securities, net of tax	(480		)	1,143			(86		)	948
Market value adjustments on interest rate swap, net of tax	(439		)	1,113			(3,038		)	(1,067		)
Foreign currency translation adjustments	(6,285		)	630			5,309			(21,146		)
Supplemental benefit plans adjustments, net of tax	(107		)	(98		)	(213		)	(195		)
Total other comprehensive (loss)/income	(7,311		)	2,788			1,972			(21,460		)
Comprehensive income	33,109			35,835			69,874			40,973
Less: Comprehensive income attributable to the noncontrolling interests	—			258			—			465
Comprehensive income attributable to CoreLogic	$	33,109		$	35,577		$	69,874		$	40,508

The accompanying notes are an integral part of these condensed consolidated financial statements.

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CoreLogic, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	For the Six Months Ended
	June 30,
(in thousands)	2016			2015
Cash flows from operating activities:
Net income	$	67,902		$	62,433
Less: Loss from discontinued operations, net of tax	(62		)	(329		)
Net income from continuing operations	67,964			62,762
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	82,935			73,250
Amortization of debt issuance costs	2,966			3,428
Provision for bad debt and claim losses	6,927			5,754
Share-based compensation	19,318			18,539
Excess tax benefit related to stock options	(1,816		)	(5,641		)
Equity in losses/(earnings) of affiliates, net of taxes	11			(8,434		)
Gain on sale of property and equipment	(16		)	—
Loss on early extinguishment of debt	—			1,589
Deferred income tax	9,048			(1,113		)
(Gain)/loss on investments and other, net	(2,707		)	1,047
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable	(20,473		)	(52,792		)
Prepaid expenses and other current assets	(18,126		)	(1,561		)
Accounts payable and accrued expenses	(21,620		)	(16,582		)
Deferred revenue	22,147			46,724
Income taxes	27,461			(3,355		)
Dividends received from investments in affiliates	6,921			16,488
Other assets and other liabilities	(7,612		)	(6,976		)
Net cash provided by operating activities - continuing operations	173,328			133,127
Net cash used in operating activities - discontinued operations	(84		)	(7,372		)
Total cash provided by operating activities	$	173,244		$	125,755
Cash flows from investing activities:
Purchase of subsidiary shares from and other decreases in noncontrolling interests	$	(18,023	)	$	—
Purchases of property and equipment	(27,858		)	(21,496		)
Purchases of capitalized data and other intangible assets	(17,927		)	(18,707		)
Cash paid for acquisitions, net of cash acquired	(396,816		)	—
Purchases of investments	(615		)	(2,516		)
Proceeds from sale of property and equipment	16			—
Change in restricted cash	(83		)	654
Net cash used in investing activities - continuing operations	(461,306		)	(42,065		)
Net cash provided by investing activities - discontinued operations	—			—
Total cash used in investing activities	$	(461,306	)	$	(42,065	)
Cash flows from financing activities:
Proceeds from long-term debt	$	390,000		$	14,375
Debt issuance costs	—			(6,452		)
Repayment of long-term debt	(101,665		)	(36,078		)
Proceeds from issuance of shares in connection with share-based compensation	9,801			18,109
Tax withholdings related to net share settlements	(9,098		)	(12,742		)
Shares repurchased and retired	(29,126		)	(58,720		)
Excess tax benefit related to stock options	1,816			5,641
Net cash provided by/(used in) financing activities - continuing operations	261,728			(75,867		)
Net cash provided by financing activities - discontinued operations	—			—
Total cash provided by/(used in) financing activities	$	261,728		$	(75,867	)
Effect of exchange rate on cash	(389		)	1,132
Net change in cash and cash equivalents	(26,723		)	8,955
Cash and cash equivalents at beginning of period	99,090			104,677
Less: Change in cash and cash equivalents - discontinued operations	(84		)	(7,372		)
Plus: Cash swept to discontinued operations	(84		)	(7,876		)
Cash and cash equivalents at end of period	$	72,367		$	113,128
Supplemental disclosures of cash flow information:
Cash paid for interest	$	31,180		$	33,593
Cash paid for income taxes	$	3,438		$	23,659
Cash refunds from income taxes	$	415		$	2,816
Non-cash investing activities:
Capital expenditures included in accounts payable and accrued liabilities	$	3,775		$	4,262

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

CoreLogic, Inc.

Condensed Consolidated Statement of Stockholder's Equity

(Unaudited)

(in thousands)	Common Stock Shares		Common Stock Amount		Additional Paid-in Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Total
Balance as of December 31, 2015	88,228		$	1	$	551,206		$	618,399	$	(120,116	)	$	1,049,490
Net income	—		—		—			67,902		—			67,902
Shares issued in connection with share-based compensation	865		—		9,801			—		—			9,801
Tax withholdings related to net share settlements	—		—		(9,098		)	—		—			(9,098		)
Share-based compensation	—		—		19,318			—		—			19,318
Shares repurchased and retired	(800	)	—		(29,126		)	—		—			(29,126		)
Other comprehensive income	—		—		—			—		1,972			1,972
Balance as of June 30, 2016	88,293		$	1	$	542,101		$	686,301	$	(118,144	)	$	1,110,259

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Note 1 – Basis of Condensed Consolidated Financial Statements

CoreLogic, Inc., together with its subsidiaries (collectively "we", "us" or "our"), is a leading global property information, analytics and data-enabled solutions provider operating in North America, Western Europe and Asia Pacific. Our combined data from public, contributory and proprietary sources provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets we serve include real estate and mortgage finance, insurance, capital markets and the public sector. We deliver value to clients through unique data, analytics, work flow technology, advisory and managed solutions. Clients rely on us to help identify and manage growth opportunities, improve performance and mitigate risk.

Our condensed consolidated financial information included in this report has been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the condensed consolidated financial statements and accompanying notes. Actual amounts may differ from these estimated amounts. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The 2015 year-end condensed consolidated balance sheet was derived from the Company's audited financial statements for the year ended December 31, 2015. Interim financial information does not require the inclusion of all the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2015.

The accompanying unaudited condensed consolidated interim financial statements reflect all adjustments, consisting of only normal recurring items which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for the full year or for any future periods.

Client Concentration

We generate the majority of our revenues from clients with operations in the U.S. residential real estate, mortgage origination and mortgage servicing markets. Approximately 43.0% and 38.0% of our operating revenues for the three months ended June 30, 2016 and 2015, respectively, and approximately 43.0% and 34.0% of our operating revenues for the six months ended June 30, 2016 and 2015, respectively, were generated from our ten largest clients, who consist of the largest U.S. mortgage originators and servicers. Two of our clients accounted for approximately 15.0% and 11.0% of our operating revenues for the three months ended June 30, 2016, and approximately 14.0% and 12.0% of our operating revenues for the six months ended June 30, 2016. No client accounted for 10.0% or more of our operating revenues for the three and six months ended June 30, 2015.

Out-of-Period Adjustment

During the first quarter of 2015, we identified an error which overstated our interest expense by $5.2 million ($3.1 million, net of tax), reflected within continuing operations, for the year ended December 31, 2014. We recorded an out-of-period adjustment to correct the error in the quarter ended March 31, 2015, which increased basic and diluted net income per share by $0.03. We assessed the materiality of this error and concluded the error was not material to the results of operations or financial condition for the prior annual or interim periods.

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. Specifically, foreign currency translation adjustments, amounts related to supplemental benefit plans, unrealized gains and losses on interest rate swap transactions and unrealized gains and losses on investment are recorded in other comprehensive income/(loss).

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The following table shows the components of accumulated other comprehensive loss, net of taxes as of June 30, 2016 and December 31, 2015:

	2016			2015
Cumulative foreign currency translation	$	(109,117	)	$	(114,427	)
Cumulative supplemental benefit plans	(3,753		)	(3,540		)
Net unrecognized losses on interest rate swap	(5,737		)	(2,699		)
Net unrealized gains on marketable securities	463			550
Accumulated other comprehensive loss	$	(118,144	)	$	(120,116	)

Marketable Securities

Debt securities are carried at fair value and consist primarily of investments in obligations of various corporations and mortgage-backed securities. Equity securities are carried at fair value and consist primarily of investments in marketable common and preferred stock. We classify our publicly traded debt and equity securities as available-for-sale and carry them at fair value with unrealized gains or losses classified as a component of accumulated other comprehensive loss. As of June 30, 2016 and December 31, 2015, our marketable securities consisted primarily of investments in preferred stock of $22.6 million and $22.7 million, respectively. There were no gains or losses recognized on sales of marketable securities for the three and six months ended June 30, 2016 and 2015.

Mandatorily Redeemable Noncontrolling Interest

Mandatorily redeemable noncontrolling interests for which there is a contractual requirement for purchasing the interest are included as a liability of NZD$27.8 million, or $19.0 million, in our accompanying condensed consolidated balance sheet as of December 31, 2015. In January 2016, we acquired the remaining 40.0% interest in New Zealand-based Property IQ Ltd. ("PIQ") and settled the mandatorily redeemable noncontrolling interest. See Note 12 - Acquisitions for further discussion.

Tax Escrow Disbursement Arrangements

We administer tax escrow disbursements as a service to our clients in connection with our tax services business. These deposits are maintained in segregated accounts for the benefit of our clients. Tax escrow deposits totaled $804.9 million as of June 30, 2016 and $340.3 million as of December 31, 2015. Because these deposits are held on behalf of our clients, they are not our funds and, therefore, are not included in the accompanying condensed consolidated balance sheets.

These deposits generally remain in the accounts for a period of two to five business days and we invest the funds in a highly-rated, liquid investment, such as bank deposit products or AAA-rated money market funds. We earn interest income or earnings credits from these investments and bear the risk of any losses. However, we have not historically incurred any investment losses and do not anticipate incurring any future investment losses. As a result, we do not maintain any reserves for losses in value of these investments.

Under our contracts with our clients, if we make a payment in error or fail to pay a taxing authority when a payment is due, we could be held liable to our clients for all or part of the financial loss they suffer as a result of our act or omission. We maintained claim reserves relating to incorrect disposition of assets of $19.3 million and $21.2 million as of June 30, 2016 and December 31, 2015, respectively, which is reflected in our accompanying condensed consolidated balance sheets as a component of other liabilities.

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance for accounting of credit losses affecting the impairment model for most financial assets and certain other instruments. Entities will be required to use a new forward-looking current expected credit loss model for trade and other receivables, held-to-maturity debt securities, loans and other instruments, which will generally lead to an earlier recognition of loss allowances. Entities will recognize losses on available-for-sale debt securities as allowances rather than a reduction in amortized cost of the security while the measurement process of this loss does not change. Disclosure requirements are expanded regarding an entity’s assumptions, models and methods of estimations of the allowance. The guidance is effective for fiscal years beginning after December 15, 2019, and

7

interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance to simplify some provisions in stock compensation accounting. The accounting for income taxes allows all excess tax benefits and tax deficiencies to be recognized through income tax expense. The statement of cash flows presentation of excess tax benefits should be classified with other income tax cash flows as an operating activity. An entity may also make an entity-wide election to either continue estimating the number of awards that are expected to vest or account for forfeitures as they occur. The requirements to qualify for equity classification permits tax withholding up to the maximum statutory tax rates in the applicable jurisdictions. Lastly, payments of cash by an employer for tax-withholding purposes, when directly withholding shares, are classified as a financing activity on the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on equity method accounting related to joint venture investments. The standard eliminates the requirement to retroactively adopt the equity method of accounting as a result of an increase in the level of ownership or degree of influence related to an investment. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on derivatives and hedging. The standard clarifies the four-step decision sequence required for assessing whether contingent put and call options that can speed up the payment for a debt instrument’s principal are clearly and closely related to the debt to which they are attached. The standard also clarifies that provided all other hedge accounting criteria continue to be met, a change in the counterparty to a derivative instrument does not in itself disqualify designation of the hedge. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued guidance on lease accounting. The standard requires all leases in excess of 12-months to be recognized on the balance sheet as lease assets and lease liabilities. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not changed significantly from prior GAAP. For operating leases, a lessee is required to 1) recognize a right-of-use asset and lease liability, initially measured at the present value of the lease payment, 2) recognize a single lease cost over the lease term generally on a straight-line basis, and 3) classify all cash payments within operating activities on the cash flow statement. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We are currently evaluating the impact of the adoption of this guidance on our consolidated financial statements.

In January 2016, the FASB issued guidance on accounting for equity investments and financial liabilities. The standard does not apply to equity method investments or investments in consolidated subsidiaries. The update provides that equity investments with readily determinable values be measured at fair value and changes in the fair value flow through net income. These changes historically have run through other comprehensive income. Equity investments without readily determinable fair values have the option to be measured at fair value or at cost adjusted for changes in observable prices minus impairment. Changes in either method are also recognized in net income. The standard requires a qualitative assessment of impairment indicators at each reporting period. For financial liabilities, entities that elect the fair value option must recognize the change in fair value attributable to instrument-specific credit risk in other comprehensive income rather than net income. Lastly, regarding deferred tax assets, the need for a valuation allowance on a deferred tax asset will need to be assessed related to available-for-sale debt securities. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued guidance which requires all deferred tax assets and liabilities, as well as any related valuation allowance, to be classified as non-current on the balance sheet. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years and earlier adoption is permitted. As of March 31, 2015, we elected early adoption on a prospective basis and, as of June 30, 2016, we presented $2.2 million of deferred income tax assets, long term and $101.9 million of deferred income tax liabilities, long term in the accompanying condensed consolidated balance sheet.

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Note 2 – Investment in Affiliates, Net

Investments in affiliates are accounted for under the equity method of accounting when we are deemed to have significant influence over the affiliate but do not control or have a majority voting interest in the affiliate. Investments are carried at the cost of acquisition, including subsequent capital contributions and loans from us, plus our equity in undistributed earnings or losses since inception of the investment.

One of our subsidiaries previously owned a 50.1% interest in RELS LLC ("RELS"), a provider of appraisals and appraisal management services used in connection with mortgage loan originations. This investment contributed 85.9% and 84.9% of our total equity in earnings of affiliates, net of tax, for the three and six months ended June 30, 2015, respectively. We acquired the remaining interest in RELS in December 2015. See Note 12 - Acquisitions for further discussion. The following summarizes the financial information for this investment (assuming 100% ownership interest):

	For the Three Months Ended		For the Six Months Ended
(in thousands)	June 30, 2015		June 30, 2015
Statements of income
Total revenues	$	69,759	$	128,205
Expenses and other	56,806		105,068
Net income attributable to RELS LLC	$	12,953	$	23,137
CoreLogic equity in earnings of affiliate	$	6,489	$	11,592

We recorded equity in earnings of affiliates, net of tax of $0.1 million and $4.7 million for the three months ended June 30, 2016 and 2015, respectively, and equity in losses of affiliates, net of tax of less than $0.1 million and equity in earnings of affiliates, net of tax of $8.4 million for the six months ended June 30, 2016 and 2015, respectively. For the three months ended June 30, 2016 and 2015, we recorded $2.7 million and $5.2 million, respectively, of operating revenues and $2.9 million and $3.1 million, respectively, of operating expenses related to our investment in affiliates. In addition, for the six months ended June 30, 2016 and 2015, we recorded $5.2 million and $9.4 million, respectively, of operating revenues and $5.5 million and $6.5 million, respectively, of operating expenses related to our investment in affiliates.

Note 3 - Property and Equipment, Net

Property and equipment, net as of June 30, 2016 and December 31, 2015 consists of the following:

(in thousands)	2016			2015
Land	$	7,476		$	4,000
Buildings	6,294			111
Furniture and equipment	62,308			62,140
Capitalized software	865,957			759,925
Leasehold improvements	31,135			29,038
	973,170			855,214
Less accumulated depreciation	(517,732		)	(479,560		)
Property and equipment, net	$	455,438		$	375,654

Depreciation expense for property and equipment was approximately $21.4 million and $19.2 million for the three months ended June 30, 2016 and 2015, respectively, and $40.6 million and $37.1 million for the six months ended June 30, 2016 and 2015, respectively.

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Note 4 – Goodwill, Net

A reconciliation of the changes in the carrying amount of goodwill and accumulated impairment losses, by operating segment and reporting unit, for the six months ended June 30, 2016, is as follows:

(in thousands)	PI			RMW			Consolidated
Balance as of January 1, 2016
Goodwill	$	963,680		$	925,392		$	1,889,072
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	963,080			918,467			1,881,547
Acquisitions	212,450			—			212,450
Translation adjustments	5,176			—			5,176
Balance as of June 30, 2016
Goodwill, net	$	1,180,706		$	918,467		$	2,099,173

In April 2016, we recorded $211.5 million of goodwill, within our Property Intelligence ("PI") reporting unit, in connection with our acquisition of FNC, Inc. ("FNC"). Further, in May 2016, we recorded $0.9 million of goodwill, within our PI reporting unit, related to an acquisition that was not significant. See Note 12 - Acquisitions for additional information.

Note 5 – Other Intangible Assets, Net

Other intangible assets, net consist of the following:

	June 30, 2016							December 31, 2015
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Client lists	$	639,404	$	(238,965	)	$	400,439	$	496,192	$	(219,887	)	$	276,305
Non-compete agreements	28,113		(8,946		)	19,167		9,302		(7,983		)	1,319
Trade names and licenses	121,341		(33,152		)	88,189		102,297		(27,773		)	74,524
	$	788,858	$	(281,063	)	$	507,795	$	607,791	$	(255,643	)	$	352,148

Amortization expense for other intangible assets, net was $13.2 million and $9.8 million for the three months ended June 30, 2016 and 2015, respectively, and $24.9 million and $19.6 million for the six months ended June 30, 2016 and 2015, respectively.

Estimated amortization expense for other intangible assets, net is as follows:

(in thousands)
Remainder of 2016	$	30,840
2017	61,951
2018	61,147
2019	58,792
2020	56,639
Thereafter	238,426
	$	507,795

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Note 6 – Long-Term Debt, Net of Current

Our long-term debt consists of the following:

		June 30, 2016							December 31, 2015
(in thousands)		Gross		Debt Issuance Costs			Net		Gross		Debt Issuance Costs			Net
Acquisition-related note:
	Non-interest bearing acquisition note, $5.0 million installment due March 2016	$	—	$	—		$	—	$	4,924	$	—		$	4,924
Notes:
	7.25% senior notes due June 2021	393,000		(10,189		)	382,811		393,000		(11,121		)	381,879
	7.55% senior debentures due April 2028	59,645		(222		)	59,423		59,645		(231		)	59,414
Bank debt:
	Term loan facility borrowings due April 2020, weighted-average interest rate of2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	807,500		(8,431		)	799,069		828,750		(9,720		)	819,030
	Revolving line of credit borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	390,000		(5,526		)	384,474		75,000		(6,262		)	68,738
Other debt:
	Various debt instruments with maturities through 2019	3,033		—			3,033		2,689		—			2,689
Total long-term debt		1,653,178		(24,368		)	1,628,810		1,364,008		(27,334		)	1,336,674
Less current portion of long-term debt		43,863		—			43,863		48,497		—			48,497
Long-term debt, net of current portion		$	1,609,315	$	(24,368	)	$	1,584,947	$	1,315,511	$	(27,334	)	$	1,288,177

As of June 30, 2016 and December 31, 2015, we have recorded $3.6 million of accrued interest expense on our debt-related instruments.

Senior Notes

In May 2011, we issued $400.0 million aggregate principal amount of 7.25% senior notes due 2021 (the "Notes").     In July 2016, we completed the redemption of all outstanding balances under the Notes. See Note 15 - Subsequent Events for further discussion. Prior to redemption, the Notes were guaranteed on a senior unsecured basis by each of our direct and indirect subsidiaries that guarantee our Credit Agreement (defined below).

Credit Agreement

In April 2015, we amended and restated our senior secured credit facility (the "Credit Agreement") with Bank of America, N.A. as administrative agent and other financial institutions. As of June 30, 2016, the Credit Agreement provided for an $850.0 million five-year term loan facility (the "Term Facility") and a $550.0 million revolving credit facility (the "Revolving Facility"). The Revolving Facility included a $100.0 million multicurrency revolving sub-facility and a $50.0 million letter of credit sub-facility. The Credit Agreement also provided for the ability to increase the Term Facility and Revolving Facility by up to $750.0 million in the aggregate. As of June 30, 2016, we were in compliance with all of our covenants under the Credit Agreement.

In July 2016, effective June 2016, we amended our Credit Agreement with Bank of America, N.A. as administrative agent and other financial institutions, which allowed us to complete $525.0 million of incremental term loan borrowings. See Note 15 - Subsequent Events for further discussion. The Term Facility matures and the Revolving Facility expires on April

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2020.

Debt Issuance Costs

In connection with the amendment and restatement of the Credit Agreement in 2015, we incurred approximately $6.5 million of debt issuance costs of which $0.4 million were expensed in the accompanying condensed consolidated statements of operations for the six months ended June 30, 2015. We capitalized the remaining $6.1 million of debt issuance costs within long-term debt, net in the accompanying condensed consolidated balance sheets, and will amortize these costs over the term of the Credit Agreement.

When we amended and restated the Credit Agreement in 2015, we had unamortized costs of $14.8 million related to previously recorded debt issuance costs, which we will amortize over the term of the Credit Agreement. In connection with the amendment and restatement of the Credit Agreement, during the six months ended June 30, 2015, we wrote-off $1.6 million of unamortized debt issuance costs.

7.55% Senior Debentures

In April 1998, we issued $100.0 million in aggregate principal amount of 7.55% senior debentures due 2028. In April 2010, in anticipation of the spin-off of our financial services businesses into a new, publicly-traded, New York Stock Exchange-listed company called First American Financial Corporation ("FAFC") in June 2010 ("Separation"), we commenced a cash tender offer for these debentures and also solicited consent from the holders thereof to expressly affirm that the Separation would not conflict with the terms of the debentures. See Note 11 - Litigation and Regulatory Contingencies for further discussion on the Separation. In April 2010, we announced that valid consents were tendered representing over 50.0% of the outstanding debentures. Accordingly, we received the requisite approvals from debenture holders and amended the related indentures. The indentures governing these debentures, as amended, contain limited restrictions on the Company.

Interest Rate Swaps

In May 2014, we entered into amortizing interest rate swap transactions ("Swaps"). The Swaps became effective in December 2014 and terminate in March 2019. The Swaps are for an initial notional balance of $500.0 million, with a fixed interest rate of 1.57%, and amortize quarterly by $12.5 million through December 31, 2017 and $25.0 million through December 31, 2018, with a remaining notional amount of $250.0 million. We entered into the Swaps in order to convert a portion of our interest rate exposure on the Term Facility floating rate borrowings from variable to fixed. We have designated the Swaps as cash flow hedges. The estimated fair value of these cash flow hedges resulted in a liability of $9.3 million and $4.4 million as of June 30, 2016 and December 31, 2015, respectively, which is included in the accompanying condensed consolidated balance sheets as a component of other liabilities.

Unrealized losses of $0.4 million (net of $0.3 million in deferred taxes) and unrealized gains of $1.1 million (net of $0.7 million in deferred taxes) for the three months ended June 30, 2016 and 2015, respectively, and unrealized losses of $3.0 million (net of $1.9 million in deferred taxes) and $1.1 million (net of $0.7 million in deferred taxes) for the six months ended June 30, 2016 and 2015, respectively, were recognized in other comprehensive (loss)/income related to the Swaps.

Note 7 – Income Taxes

The effective income tax rate for income taxes as a percentage of income from continuing operations before equity in earnings of affiliates and income taxes was 33.5% and 33.1% for the three months ended June 30, 2016 and 2015, respectively, and 34.7% and 32.0% for the six months ended June 30, 2016 and 2015, respectively.

For the three and six months ended June 30, 2016 when compared to 2015, the increase in the effective tax rate was due to non-recurring favorable discrete items occurring in 2015, partially offset by current year favorable rate reductions related to federal research credits being permanently enacted, the release of a capital loss valuation allowance related to a capital gain, a current year favorable discrete item related to prior year uncertain foreign tax benefits and a current year unfavorable discrete item from acquisition-related costs.

Income taxes included in equity in earnings of affiliates were $0.3 million and $3.1 million for the three months ended June 30, 2016 and 2015, respectively, and $0.4 million and $5.5 million for the six months ended June 30, 2016 and 2015, respectively. For the purpose of segment reporting, these amounts are included in corporate and therefore not reflected in our reportable segments.

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We are currently under examination for the years 2005 to 2011 by the U.S. federal and various state taxing authorities. It is reasonably possible the amount of unrecognized tax benefit with respect to certain unrecognized tax positions could significantly increase or decrease within the next twelve months. We estimate the unrecognized tax benefit could decrease by up to $21.5 million within the next twelve months. The estimated change is primarily related to IRS audits, subject to the FAFC indemnification, and may have minimal impact to net income. See Note 11 - Litigation and Regulatory Contingencies for further discussion on FAFC.

Note 8 – Earnings Per Share

The following is a reconciliation of net income per share:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income from continuing operations	$	40,424		$	33,006		$	67,964		$	62,297
Loss from discontinued operations, net of tax	(4		)	(217		)	(62		)	(329		)
Net income attributable to CoreLogic	$	40,420		$	32,789		$	67,902		$	61,968
Denominator:
Weighted-average shares for basic income per share	88,572			89,654			88,441			89,702
Dilutive effect of stock options and restricted stock units	1,396			1,309			1,506			1,336
Weighted-average shares for diluted income per share	89,968			90,963			89,947			91,038
Income per share
Basic:
Net income from continuing operations	$	0.46		$	0.37		$	0.77		$	0.69
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.46		$	0.37		$	0.77		$	0.69
Diluted:
Net income from continuing operations	$	0.45		$	0.36		$	0.76		$	0.68
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.45		$	0.36		$	0.76		$	0.68

The dilutive effect of stock-based compensation awards has been calculated using the treasury-stock method. For both the three months ended June 30, 2016 and 2015, an aggregate of less than 0.1 million restricted stock units ("RSUs"), performance-based restricted stock units ("PBRSUs") and stock options were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect. For the six months ended June 30, 2016 and 2015, an aggregate of less than 0.1 million and 0.2 million RSUs, PBRSUs and stock options, respectively, were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect.

Note 9 – Fair Value of Financial Instruments

Fair value is the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). We utilize market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable.

The market approach is applied for recurring fair value measurements and endeavors to utilize the best available information. Accordingly, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Fair value balances are classified based on the observability of those inputs.

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A fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). Level 2 measurements utilize observable inputs in markets other than active markets.

In estimating the fair value of the financial instruments presented, we used the following methods and assumptions:

Cash and cash equivalents

For cash and cash equivalents, we believe that the carrying value is a reasonable estimate of fair value due to the short-term nature of the instruments.

Restricted cash

Restricted cash is comprised of certificates of deposit that are pledged for various letters of credit. We deem the carrying value to be a reasonable estimate of fair value due to the nature of these instruments.

Marketable securities

Marketable securities are classified as available-for-sale securities and are valued using quoted prices in active markets.

Contingent consideration

The fair value of the contingent consideration was estimated using the Monte Carlo simulation model, which relies on significant assumption and estimates including discount rates and future market conditions, among others.

Long-term debt

The fair value of long-term debt was estimated based on the current rates available to us for similar debt of the same remaining maturities and consideration of our default and credit risk.

Interest rate swap agreements

The fair value of the interest rate swap agreements was estimated based on market-value quotes received from the counterparties to the agreements.

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The fair values of our financial instruments as of June 30, 2016 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Financial Assets:
Cash and cash equivalents	$	72,367	$	—	$	—	$	72,367
Restricted cash	—		11,009		—		11,009
Marketable securities	22,570		—		—		22,570
Total Financial Assets	$	94,937	$	11,009	$	—	$	105,946
Financial Liabilities:
Contingent consideration	$	—	$	—	$	8,900	$	8,900
Total debt	—		1,677,100		—		1,677,100
Total Financial Liabilities	$	—	$	1,677,100	$	8,900	$	1,686,000
Derivatives:
Liability for interest rate swap agreements	$	—	$	9,291	$	—	$	9,291

The fair values of our financial instruments as of December 31, 2015 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Fair Value
Financial Assets:
Cash and cash equivalents	$	99,090	$	—	$	99,090
Restricted cash	—		10,926		10,926
Marketable securities	22,709		—		22,709
Total Financial Assets	$	121,799	$	10,926	$	132,725
Financial Liabilities:
Total debt	$	—	$	1,315,473	$	1,315,473
Derivatives:
Liability for interest rate swap agreements	$	—	$	4,370	$	4,370

There were no transfers between Level 1, Level 2 or Level 3 securities during the three and six months ended June 30, 2016. In connection with the contingent consideration, we recorded $0.9 million of unrealized losses in our condensed consolidated statement of operations for the three and six months ended June 30, 2016.

Note 10 – Stock-Based Compensation

We currently issue equity awards under the Amended and Restated CoreLogic, Inc. 2011 Performance Incentive Plan, which was initially approved by our stockholders at our Annual Meeting held on May 19, 2011 with an amendment and restatement approved by our stockholders at our Annual Meeting held on July 29, 2014 (the “Plan”). The Plan includes the ability to grant RSUs, PBRSUs and stock options. The Plan provides for up to 21,909,000 shares of the Company's common stock to be available for award grants. Prior to the approval of the Plan, we issued share-based awards under the CoreLogic, Inc. 2006 Incentive Plan.

We primarily utilize RSUs and PBRSUs as our share-based compensation instruments for employees and directors. The fair value of any share-based compensation instrument grant is based on the market value of our shares on the date of grant and is recognized as compensation expense over its vesting period.

15

Restricted Stock Units

For the six months ended June 30, 2016 and 2015, we awarded 942,973 and 939,354 RSUs, respectively, with an estimated grant-date fair value of $32.7 million and $33.2 million, respectively. The majority of the RSU awards will vest ratably over three years from their grant date.

RSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested RSUs outstanding at December 31, 2015	1,537		$	32.92
RSUs granted	943		$	34.68
RSUs vested	(690	)	$	32.57
RSUs forfeited	(57	)	$	34.48
Unvested RSUs outstanding at June 30, 2016	1,733		$	33.96

As of June 30, 2016, there was $43.6 million of total unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a weighted-average period of 2.2 years. The fair value of RSUs is based on the market value of our common stock on the date of grant.

Performance-Based Restricted Stock Units

For the six months ended June 30, 2016 and 2015, we awarded 278,799 and 222,788 PBRSUs, respectively, with an estimated grant-date fair value of $9.8 million and $7.6 million, respectively. These awards are subject to service-based, performance-based and market-based vesting conditions. For the PBRSUs awarded during the six months ended June 30, 2016, the performance period is from January 1, 2016 to December 31, 2018 and the performance metric is adjusted earnings per share and market-based conditions. Subject to satisfaction of the performance criteria, the majority of the 2016 awards will vest on December 31, 2018.

The performance period for the PBRSUs awarded during the six months ended June 30, 2015 is from January 1, 2015 to December 31, 2017 and the performance metric is adjusted earnings per share and market-based conditions. Subject to satisfaction of the performance criteria, the majority of the 2015 awards will vest on December 31, 2017.

The fair values of the 2016 and 2015 awards were estimated using Monte-Carlo simulation with the following weighted-average assumptions:

	For the Six Months Ended June 30,
	2016		2015
Expected dividend yield	—	%	—	%
Risk-free interest rate (1)	0.99	%	0.93	%
Expected volatility (2)	25.12	%	24.01	%
Average total stockholder return (2)	1.48	%	8.37	%

(1) The risk-free interest rate for the periods within the contractual term of the PBRSUs is based on the U.S. Treasury yield curve in effect at the time of the grant.

(2) The expected volatility and average total stockholder return are measures of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data.

16

PBRSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested PBRSUs outstanding at December 31, 2015	659		$	29.15
PBRSUs granted	279		$	35.30
PBRSUs vested	(88	)	$	26.04
PBRSUs forfeited	(91	)	$	19.50
Unvested PBRSUs outstanding at June 30, 2016	758		$	34.10

As of June 30, 2016, there was $23.0 million of total unrecognized compensation cost related to unvested PBRSUs that is expected to be recognized over a weighted-average period of 2.1 years. The fair value of PBRSUs is based on the market value of our common stock on the date of grant.

Stock Options

Prior to 2015, we issued stock options as incentive compensation for certain employees. Option activity for the six months ended June 30, 2016 is as follows:

(in thousands, except weighted-average price)	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding at December 31, 2015	1,826		$	21.33
Options exercised	(251	)	$	22.03
Options outstanding at June 30, 2016	1,575		$	21.22	5.0	$	27,152
Options vested and expected to vest at June 30, 2016	1,571		$	21.20	5.0	$	27,136
Options exercisable at June 30, 2016	1,495		$	20.68	4.9	$	26,618

As of June 30, 2016, there was $0.6 million of total unrecognized compensation cost related to unvested stock options that is expected to be recognized over a weighted-average period of 9 months.

The intrinsic value of options exercised was $3.2 million and $5.9 million for the six months ended June 30, 2016 and 2015, respectively. This intrinsic value represents the difference between the fair market value of our common stock on the date of exercise and the exercise price of each option.

Employee Stock Purchase Plan

The employee stock purchase plan allows eligible employees to purchase our common stock at 85.0% of the lesser of the closing price on the first day or the last day of each quarter. Our employee stock purchase plan was approved by our stockholders at our 2012 annual meeting of stockholders and the first offering period commenced in October 2012. We recognized an expense for the amount equal to the estimated fair value of the discount during each offering period.

17

The following table sets forth the stock-based compensation expense recognized for the three and six months ended June 30, 2016 and 2015.

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2016		2015		2016		2015
RSUs	$	6,560	$	6,819	$	13,578	$	12,833
PBRSUs	2,701		2,272		4,514		4,052
Stock options	217		474		601		1,037
Employee stock purchase plan	297		242		625		617
	$	9,775	$	9,807	$	19,318	$	18,539

The above includes $1.4 million and $0.8 million of stock-based compensation expense within cost of services in the accompanying condensed consolidated statements of operations for the three months ended June 30, 2016 and 2015, respectively, and $2.9 million and $1.4 million for the six months ended June 30, 2016 and 2015, respectively.

Note 11 – Litigation and Regulatory Contingencies

We have been named in various lawsuits and we may from time to time be subject to audit or investigation by governmental agencies. Currently, governmental agencies are auditing or investigating certain of our operations.

With respect to matters where we have determined that a loss is both probable and reasonably estimable, we have recorded a liability representing our best estimate of the financial exposure based on known facts. While the ultimate disposition of each such audit, investigation or lawsuit is not yet determinable, we do not believe that the ultimate resolution of these matters, either individually or in the aggregate, will have a material adverse effect on our financial condition, results of operations or cash flows. In addition, we do not believe there is a reasonable possibility that a material loss exceeding amounts already accrued may be incurred. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. The actual outcome of such matters could differ materially from management’s estimates. We record expenses for legal fees as incurred.

Separation

Following the Separation, we are responsible for a portion of FAFC's contingent and other corporate liabilities. In the Separation and Distribution Agreement we entered into in connection with the Separation (the "Separation and Distribution Agreement"), we agreed with FAFC to share equally in the cost of resolution of a small number of corporate-level lawsuits, including certain consolidated securities litigation matters from which we have since been dropped. There were no liabilities incurred in connection with the consolidated securities matters. Responsibility to manage each case has been assigned to either FAFC or us, with the managing party required to update the other party regularly and consult with the other party prior to certain important decisions, such as settlement. The managing party will also have primary responsibility for determining the ultimate total liability, if any, related to the applicable case. We will record our share of any such liability when the responsible party determines a reserve is necessary. At June 30, 2016, no reserves were considered necessary.

In addition, the Separation and Distribution Agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our predecessor, The First American Corporation's ("FAC") financial services business, with FAFC and financial responsibility for the obligations and liabilities of FAC's information solutions business with us. Specifically, each party will, and will cause its subsidiaries and affiliates to, indemnify, defend and hold harmless the other party, its respective affiliates and subsidiaries and each of its respective officers, directors, employees and agents for any losses arising out of or otherwise in connection with the liabilities each such party assumed or retained pursuant to the Separation and Distribution Agreement; and any breach by such party of the Separation and Distribution Agreement.

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Note 12 – Acquisitions

In April 2016, we completed the acquisition of FNC for up to $475.0 million, with $400.0 million in cash paid at closing, subject to certain closing adjustments, and up to $75.0 million to be paid in cash in 2018, contingent upon the achievement of certain revenue targets in fiscal 2017. We fair-valued the contingent payment using the Monte Carlo simulation model and preliminarily recorded $8.0 million as contingent consideration. FNC is a leading provider of real estate collateral information technology and solutions that automates property appraisal ordering, tracking, documentation and review for lender compliance with government regulations and is included as a component of our PI reporting segment. The acquisition continues to expand our property valuation capabilities. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded a deferred tax liability of $83.5 million, property and equipment of $79.8 million with an estimated average life of 12 years, customer lists of $141.8 million with an estimated average life of 16 years, trade names of $15.9 million with an estimated average life of 19 years, non-compete agreements of $18.8 million with an estimated average life of 5 years, other intangibles of $2.9 million with an estimated average life of 10 years and goodwill of $211.5 million. This business combination did not have a material impact on our condensed consolidated statements of operations.

In January 2016, we completed the acquisition of the remaining 40% mandatorily redeemable noncontrolling interest in PIQ for NZD $27.8 million, or $19.0 million, and settled the mandatorily redeemable noncontrolling interest. PIQ is included as a component of our PI reporting segment.

In December 2015, we completed the acquisition of the remaining interest in RELS for approximately $65.0 million and recorded an investment gain of approximately $34.3 million due to the step-up in fair value on the previously held 50.1% interest, which is included in gain on investment and other, net in the accompanying condensed consolidated statements of operations. RELS is included as a component of our PI reporting segment. The acquisition of RELS expands our real estate asset valuation and appraisal solutions in connection with loan originations. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including a discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded property and equipment of $27.0 million with an estimated average life of 10 years, customer lists of $48.4 million with an estimated average life of 10 years, other intangibles of $5.0 million with an estimated average life of 10 years and goodwill of $23.1 million, of which $11.5 million is deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

In October 2015, we completed the acquisition of Cordell Information Pty Limited ("Cordell") for AUD$70.0 million, or $49.1 million, subject to working capital adjustments, which is included as a component of our PI reporting segment. The acquisition of Cordell further expands our property information capabilities in Australia. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded property and equipment of $14.3 million with an estimated average life of 10 years, customer lists of $5.5 million with an estimated average life of 8 years, trade names of $0.6 million with an estimated average life of 4 years and goodwill of $31.9 million, which is fully deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

In September 2015, we completed the acquisition of LandSafe Appraisal Services, Inc. for $122.0 million, subject to working capital adjustments, which is included as a component of our PI reporting segment. The acquisition builds on our longstanding strategic relationship with a key client and continues to expand our property valuation capabilities. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded customer lists of $53.4 million with an estimated average life of 10 years, other intangibles of $4.3 million with an estimated average life of 10 years and goodwill of $64.6 million, which is fully deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

We incurred $5.1 million and $1.7 million of acquisition-related costs within selling, general and administrative expenses on our consolidated statements of operations for the three months ended June 30, 2016 and 2015, respectively, and $6.1 millionand$1.8 millionfor the six months ended June 30, 2016 and 2015, respectively.

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Note 13 – Discontinued Operations

On September 30, 2014, we completed the sale of our collateral solutions and field services businesses, which were included in the former reporting segment Asset Management and Processing Solutions ("AMPS"), for total consideration of $29.1 million, subject to working capital adjustments. In September 2012, we completed the wind down of our consumer services business and our then-owned appraisal management company business, which were included in our PI and Risk Management and Workflow ("RMW") segments, respectively. In September 2011, we closed our marketing services business, which was included in our PI segment. Each of these businesses is reflected in our accompanying condensed consolidated financials statements as discontinued operations.

Summarized below are certain assets and liabilities classified as discontinued operations as of June 30, 2016 and December 31, 2015:

(in thousands)
As of June 30, 2016	PI		RMW			AMPS		Total
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	238	$	319		$	1,949	$	2,506
As of December 31, 2015
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	250	$	319		$	1,958	$	2,527

Summarized below are the components of our loss from discontinued operations for the three and six months ended June 30, 2016 and 2015:

(in thousands)
For the Three Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(3		)	(3		)	(6		)
Income tax benefit	—			(1		)	(1		)	(2		)
Loss from discontinued operations, net of tax	$	—		$	(2	)	$	(2	)	$	(4	)
For the Three Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(292		)	(11		)	(48		)	(351		)
Income tax benefit	(67		)	(60		)	(7		)	(134		)
Loss from discontinued operations, net of tax	$	(225	)	$	49		$	(41	)	$	(217	)

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(in thousands)
For the Six Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(4		)	(95		)	(99		)
Income tax benefit	—			(1		)	(36		)	(37		)
Loss from discontinued operations, net of tax	$	—		$	(3	)	$	(59	)	$	(62	)
For the Six Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	2		$	2
Loss from discontinued operations before income taxes	(377		)	(13		)	(142		)	(532		)
Income tax benefit	(100		)	(60		)	(43		)	(203		)
Loss from discontinued operations, net of tax	$	(277	)	$	47		$	(99	)	$	(329	)

Note 14 – Segment Information

We have organized our reportable segments into two segments: PI and RMW.

Property Intelligence. Our PI segment owns or licenses real property information, mortgage information and consumer information, which includes loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps and mortgage-backed securities information. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. We deliver this information directly to our clients in a standard format over the web, through customizable software platforms or in bulk data form. Our products and services include data licensing and analytics, data-enabled advisory services, platform solutions and valuation solutions in North America, Western Europe and Asia Pacific. The segment's primary clients are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, Multiple Listing Service companies, property and casualty insurance companies, title insurance companies, government agencies and government-sponsored enterprises.

The operating results of our PI segment included intercompany revenues of $1.5 million for both the three months ended June 30, 2016 and 2015, and $2.7 million and $3.0 million for the six months ended June 30, 2016 and 2015, respectively. The segment also included intercompany expenses of $1.2 million for both the three months ended June 30, 2016 and 2015, and $2.9 million and $2.4 million for the six months ended June 30, 2016 and 2015, respectively.

Risk Management and Workflow. Our RMW segment owns or licenses real property information, mortgage information and consumer information, which includes loan information, property sales and characteristic information, natural hazard data, parcel maps, employment verification, criminal records and eviction records. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. Our products and services include credit and screening solutions, property tax processing, flood data services and technology solutions in North America. The segment’s primary clients are large, national mortgage lenders and servicers, but we also serve regional mortgage lenders and brokers, credit unions, commercial banks, fixed-income investors, government agencies and casualty insurance companies.

The operating results of our RMW segment included intercompany revenues of $1.2 million for both the three months ended June 30, 2016 and 2015, and $2.9 million and $2.4 million for the six months ended June 30, 2016 and 2015, respectively. The segment also included intercompany expenses of $1.5 million for both the three months ended June 30, 2016 and 2015, and $2.7 million and $3.0 million for the six months ended June 30, 2016 and 2015, respectively.

We also separately report on our corporate and eliminations. Corporate consists primarily of corporate personnel and other expenses associated with our corporate functions and facilities, investment gains and losses, equity in earnings of affiliates, net of tax, and interest expense.

It is impracticable to disclose revenues from external clients for each product and service offered.

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Selected financial information by reportable segment is as follows:

(in thousands)
For the Three Months Ended June 30, 2016	Operating Revenues			Depreciation and Amortization		Operating Income/(Loss)			Equity in Earnings/(Losses) of Affiliates, Net of Tax			Net Income/(Loss) From Continuing Operations			Capital Expenditures
PI	$	276,681		$	32,373	$	33,224		$	504		$	33,111		$	14,064
RMW	226,240			6,614		66,322			—			66,322			2,793
Corporate	7			4,304		(24,031		)	(426		)	(59,009		)	10,097
Eliminations	(2,724		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	500,204		$	43,291	$	75,515		$	78		$	40,424		$	26,954
For the Three Months Ended June 30, 2015
PI	$	161,105		$	24,365	$	17,057		$	7,685		$	24,570		$	10,213
RMW	227,611			8,003		64,934			—			64,930			3,486
Corporate	9			4,904		(21,284		)	(3,018		)	(56,236		)	3,863
Eliminations	(2,712		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	386,013		$	37,272	$	60,707		$	4,667		$	33,264		$	17,562
For the Six Months Ended June 30, 2016
PI	$	518,121		$	60,300	$	50,499		$	552		$	49,796		$	25,959
RMW	441,258			14,332		119,245			—			119,243			5,128
Corporate	3			8,303		(36,919		)	(563		)	(101,075		)	14,698
Eliminations	(5,635		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	953,747		$	82,935	$	132,825		$	(11	)	$	67,964		$	45,785
For the Six Months Ended June 30, 2015
PI	$	314,498		$	48,557	$	36,678		$	13,826		$	50,237		$	25,237
RMW	441,622			16,244		115,892			—			115,867			6,833
Corporate	32			8,449		(42,598		)	(5,392		)	(103,342		)	8,133
Eliminations	(5,368		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	750,784		$	73,250	$	109,972		$	8,434		$	62,762		$	40,203

(in thousands)	As of			As of
Assets	June 30, 2016			December 31, 2015
PI	$	2,503,110		$	2,058,412
RMW	1,336,008			1,316,785
Corporate	5,608,361			5,318,990
Eliminations	(5,428,840		)	(5,021,152		)
Consolidated (excluding assets of discontinued operations)	$	4,018,639		$	3,673,035

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Note 15 – Subsequent Events

In July 2016, we completed $525.0 million of incremental term loan borrowings by amending the Credit Agreement effective as of June 2016. A portion of the proceeds of the new borrowings were used to complete the redemption of all outstanding balances under the Notes in July 2016 at a price equal to 103.625% of the principal amount of the Notes plus accrued and unpaid interest for approximately $411.0 million. The majority of the remaining portion of the proceeds were utilized to reduce our outstanding balance within the Revolving Facility by $110.0 million.

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q and certain information incorporated herein by reference contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements included or incorporated by reference in this Quarterly Report, other than statements that are purely historical, are forward-looking statements. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “should,” “would,” “could,” “may,” and similar expressions also identify forward-looking statements. The forward-looking statements include, without limitation, statements regarding our future operations, financial condition and prospects,operating results, revenues and earnings liquidity, our estimated income tax rate, unrecognized tax positions, amortization expenses, impact of recent accounting pronouncements, our cost management program, our acquisition strategy and our growth plans, expectations regarding our recent acquisitions, share repurchases, the level of aggregate U.S. mortgage originations and the reasonableness of the carrying value related to specific financial assets and liabilities.

Our expectations, beliefs, objectives, intentions and strategies regarding future results are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from results contemplated by our forward-looking statements. These risks and uncertainties include, but are not limited to:

• limitations on access to or increase in prices for data from external sources, including government and public record sources;

• changes in applicable government legislation, regulations and the level of regulatory scrutiny affecting our clients or us, including with respect to consumer financial services and the use of public records and consumer data;

• compromises in the security of our data, including cyber-based attacks, the transmission of confidential information or systems interruptions;

• difficult conditions in the mortgage and consumer lending industries and the economy generally;

• reliance on our top ten clients for a significant portion of our revenue and profit;

• our ability to protect proprietary technology rights;

• our ability to realize the anticipated benefits of certain acquisitions and the timing thereof;

• risks related to the outsourcing of services and international operations;

• our cost-containment and growth strategies and our ability to effectively and efficiently implement them;

• the level of our indebtedness, our ability to service our indebtedness and the restrictions in our various debt agreements;

• intense competition in the market against third parties and the in-house capabilities of our clients;

• our ability to attract and retain qualified management;

• impairments in our goodwill or other intangible assets; and

• the remaining tax sharing arrangements and other obligations associated with the spin-off of First American Financial Corporation ("FAFC").

We urge you to carefully consider these risks and uncertainties and review the additional disclosures we make concerning risks and uncertainties that may materially affect the outcome of our forward-looking statements and our future business and operating results, including those made in Item 1A of Part II below, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of the filing of this Quarterly Report on Form 10-Q.

Business Overview

We are a leading global property information, analytics and data-enabled solutions provider operating in North America, Western Europe and Asia Pacific. Our combined data from public, contributory and proprietary sources provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. We have more than one million users who rely on our data and predictive decision analytics to reduce risk, enhance transparency and improve the performance of their businesses.

We offer our clients a comprehensive national database of public, contributory and proprietary data covering real property and mortgage information, judgments and liens, building and replacement costs, parcel and geospatial data, criminal background records, eviction information, non-prime lending records, credit information, and tax information, among other data types. Our databases include over 900 million historical property transactions, over 96 million mortgage applications and

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property-specific data covering approximately 99% of U.S. residential and commercial properties exceeding 149 million records. We believe the quality of the data we offer is distinguished by our broad range of data sources and our expertise in aggregating, organizing, normalizing, processing and delivering data to our clients.

With our data as a foundation, we have built strong analytics capabilities and a variety of value-added business services to meet our clients’ needs for mortgage and automotive credit reporting, property tax, property valuation, tenancy, hazard risk, property risk and replacement cost, flood plain location determination and other geospatial data and related services.

Reportable Segments

We have organized our reportable segments into the following two segments: Property Intelligence ("PI") and Risk Management and Workflow ("RMW").

Our PI segment owns or licenses real property, mortgage and consumer information, which includes loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps and mortgage-backed securities information. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. We deliver this information directly to our clients in a standard format over the web, through customizable software platforms or in bulk data form. Our products and services include data licensing and analytics, data-enabled advisory services, platform solutions and valuation solutions in North America, Western Europe and Asia Pacific.

Our RMW segment owns or licenses real property information, mortgage information and consumer information, which includes loan information, property sales and characteristic information, natural hazard data, parcel maps, employment verification, criminal records and eviction records. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. Our products and services include credit and screening solutions, property tax processing, flood data services and technology solutions in North America.

RESULTS OF OPERATIONS

Overview of Business Environment and Company Developments

Business Environment

The volume of U.S. mortgage loan originations serves as a key market driver for approximately 70% of our business. We believe the volume of real estate and mortgage transactions is primarily affected by real estate prices, the availability of funds for mortgage loans, mortgage interest rates, employment levels and the overall state of the U.S. economy. We believe mortgage originations modestly increased in the second quarter of 2016 relative to the same period in 2015. We expect the mortgage origination market will continue to shift more towards a purchase-driven market, which will partially offset the expected continued decline of refinance activity in 2016. Overall, we expect full-year 2016 mortgage unit volumes to be consistent with 2015 levels.

We generate the majority of our revenues from clients with operations in the U.S. residential real estate, mortgage origination and mortgage servicing markets. Approximately 43.0% and 38.0% of our operating revenues for the three months ended June 30, 2016 and 2015, respectively, and approximately 43.0% and 34.0% of our operating revenues for the six months ended June 30, 2016 and 2015, respectively, were generated from our ten largest clients, who consist of the largest U.S. mortgage originators and servicers. Two of our clients accounted for 15.0% and 11.0% of our operating revenues for the three months ended June 30, 2016, respectively, and 14.0% and 12.0% of our operating revenues for the six months ended June 30, 2016, respectively. No client accounted for 10.0% or more of our operating revenues for the six months ended June 30, 2015.

While the majority of our revenues are generated in the U.S., continued strengthening of the U.S. dollar versus other currencies in 2016 has unfavorably impacted the financial results translation of our international operations. For the three and six months ended June 30, 2016, our revenues were unfavorably impacted by $1.4 million and $4.0 million, respectively, due to foreign currency translation.

Acquisition

In April 2016, we completed the acquisition of FNC, Inc. ("FNC"), for up to $475.0 million, with $400.0 million in cash paid at closing, subject to certain closing adjustments, and up to $75.0 million to be paid in 2018 contingent upon the

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achievement of certain revenue targets in fiscal 2017. We funded the transaction primarily by drawing $390.0 million on our Revolving Facility (defined below) and also used cash on hand. Subsequently, in July 2016, we completed $525.0 million of incremental term loan borrowings by amending our Credit Agreement in June 2016 . A portion of the proceeds of the new borrowings were used to complete the redemption of all outstanding balances under the Notes at a price equal to 103.625% of the principal amount of the Notes plus accrued and unpaid interest for approximately $411.0 million. The majority of the remaining portion of the proceeds were utilized to reduce our outstanding balance under the Revolving Facility by $110.0 million.

Incremental Term Loan Borrowings and Notes Redemption

In July 2016, we completed $525.0 million of incremental term loan borrowings through an amendment to our Credit Agreement effective as of June 2016. A portion of the proceeds of the new borrowings were used to complete the redemption of all outstanding balances under the Notes at a price equal to 103.625% of the principal amount of the Notes plus accrued and unpaid interest for approximately $411.0 million. The remaining portion of the proceeds were utilized to reduce our outstanding balance within the Revolving Facility (as defined below).

Productivity & Cost Management

In line with our commitment to operational excellence and margin expansion, in April 2015, we announced an expanded three-year productivity and cost management program, which is expected to reduce expense, on an annual run-rate basis, by approximately $60.0 million by 2018. Savings are expected to be realized through the reduction of selling, general and administrative costs, outsourcing certain business process functions, consolidation of facilities and other operational improvements. Cash and non-cash charges associated with this program are expected to aggregate approximately $20.0 million and will be incurred over the course of the three-year program.

Unless otherwise indicated, the Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Quarterly Report on Form 10-Q relate solely to the discussion of our continuing operations.

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Consolidated Results of Operations

Three Months Ended June 30, 2016 Compared to Three Months Ended June 30, 2015

Operating Revenues

Our consolidated operating revenues were $500.2 million for the three months ended June 30, 2016, an increase of $114.2 million, or 29.6%, when compared to 2015, and consisted of the following:

(in thousands, except percentages)	2016			2015			$ Change			% Change
PI	$	276,681		$	161,105		$	115,576		71.7	%
RMW	226,240			227,611			(1,371		)	(0.6	)
Corporate and eliminations	(2,717		)	(2,703		)	(14		)	0.5
Operating revenues	$	500,204		$	386,013		$	114,191		29.6	%

Our PI segment revenues increased by $115.6 million, or 71.7%, when compared to 2015. Acquisition activity contributed $117.9 million of additional revenues in 2016. Excluding acquisition activity, the decrease of $2.3 million was due to lower property information and analytics revenues of $2.4 million, the impact of unfavorable foreign currency translation of $1.4 million and lower other revenues of $1.2 million. The variance was partially offset by higher revenues from our international operations of $1.6 million and higher insurance related revenues of $1.1 million.

Our RMW segment revenues decreased by $1.4 million, or 0.6%, when compared to 2015. The variance was primarily due to declines in our technology solutions revenues from reduced project-related revenues and the wind-down of non-core product lines of approximately $10.8 million, partially offset by improved pricing and market-share gains, which increased our revenues from property tax processing by $5.9 million, credit & screening solutions by $2.2 million and flood data services by $1.3 million.

Our corporate and eliminations were comprised of intercompany revenue eliminations between our operating segments.

Cost of Services

Our consolidated cost of services was $264.7 million for the three months ended June 30, 2016, an increase of $75.0 million, or 39.5%, when compared to 2015. Acquisition activity contributed $77.3 million of additional expense in 2016. Excluding acquisition activity, the decrease of $2.3 million was due to lower operating revenues, productivity initiatives and favorable product mix.

Selling, General and Administrative Expense

Our consolidated selling, general and administrative expenses were $116.7 million for the three months ended June 30, 2016, an increase of $18.4 million, or 18.7%, when compared to 2015. Acquisition activity contributed $26.0 million of additional expense in 2016. Excluding acquisition activity, the decrease of $7.6 million was primarily due to our on-going productivity and cost management initiatives, which contributed to lower compensation-related expenses of $12.3 million, lower professional fees of $4.5 million and lower facility and lease equipment costs of $1.6 million, partially offset by higher external services costs of $5.1 million (including cyber-security and compliance costs), higher acquisition-related costs of $4.8 million and higher other expenses of $0.9 million.

Depreciation and Amortization

Our consolidated depreciation and amortization expense was $43.3 million for the three months ended June 30, 2016, an increase of $6.0 million, or 16.1%, when compared to 2015. Acquisition activity contributed $9.4 million of additional expense in 2016, partially offset by lower depreciation from assets that were fully depreciated in the prior year.

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Operating Income

Our consolidated operating income was $75.5 million for the three months ended June 30, 2016, an increase of $14.8 million, or 24.4%, when compared to 2015, and consisted of the following:

(in thousands, except percentages)	2016			2015			$ Change			% Change
PI	$	33,224		$	17,057		$	16,167		94.8	%
RMW	66,322			64,934			1,388			2.1
Corporate and eliminations	(24,031		)	(21,284		)	(2,747		)	12.9
Operating income	$	75,515		$	60,707		$	14,808		24.4	%

Our PI segment operating income increased by $16.2 million, or 94.8%, when compared to 2015. Acquisition activity contributed $5.3 million of operating income in 2016. Excluding acquisition activity, operating income increased $10.9 million and operating margins increased 702 basis points primarily due to favorable product mix in property information and analytics and higher revenues from our international operations and insurance-related products.

Our RMW segment operating income increased by $1.4 million, or 2.1%, when compared to 2015 primarily due to pricing, market-share gains and the impact of ongoing operational efficiency programs in our property tax processing, partially offset by declines in our technology solutions revenues from reduced project-related revenues and the wind-down of non-core product lines. Operating margins remained consistent at approximately 29%.

Corporate and eliminations had an unfavorable variance of $2.7 million primarily due to the result of our cost efficiency programs.

Total Interest Expense, Net

Our consolidated total interest expense, net was $17.8 million for the three months ended June 30, 2016, an increase of $1.2 million, or 7.5%, when compared to 2015. The increase was primarily due to higher average outstanding balance, partially offset by lower interest rates in the current year and lower fees of $0.4 million related to debt borrowed in the second quarter of 2015.

Gain/(Loss) on Investments and Other, Net

Our consolidated gain on investments and other, net was $3.0 million for the three months ended June 30, 2016, a favorable variance of $4.3 million when compared to 2015, due primarily to higher realized gains on investments in the current year of $2.7 million and lower losses related to the extinguishment of debt of $1.6 million in connection with the 2015 refinancing of our outstanding debt.

Provision for Income Taxes

Our consolidated provision for income taxes from continuing operations before equity in earnings of affiliates and income taxes was $20.3 million and $14.2 million for the three months ended June 30, 2016 and 2015, respectively. The effective tax rate was 33.5% and 33.1% for the three months ended June 30, 2016 and 2015, respectively. The slight increase in the effective tax rate was due to non-recurring favorable discrete items occurring in 2015, partially offset by current year favorable rate reductions related to federal research credits being permanently enacted, the release of a capital loss valuation allowance related to a capital gain, a current year favorable discrete item related to prior year uncertain foreign tax benefits and a current year unfavorable discrete item from acquisition-related costs.

Equity in Earnings of Affiliates, Net of Tax

Our consolidated equity in earnings of affiliates, net of tax, was $0.1 million for the three months ended June 30, 2016, a decrease of $4.6 million, or 98.3%, when compared to 2015. We have equity interests in various affiliates that primarily provide settlement services in connection with residential mortgage loans. The variance was primarily due to the acquisition of the remaining interest in RELS in December 2015, which contributed $3.9 million of earnings in the second quarter of 2015. Following the acquisition, RELS is a consolidated subsidiary of ours and is no longer accounted for under the equity method of accounting.

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Net Income Attributable to Noncontrolling Interests

Our consolidated net income attributable to noncontrolling interests decreased by $0.3 million for the three months ended June 30, 2016 when compared to 2015 due to the acquisition of the remaining 40.0% interest in New Zealand-based Property IQ Ltd. ("PIQ").

Six Months Ended June 30, 2016 Compared to Six Months Ended June 30, 2015

Operating Revenues

Our consolidated operating revenues were $953.7 million for the six months ended June 30, 2016, an increase of $203.0 million, or 27.0%, when compared to 2015, and consisted of the following:

(in thousands, except percentages)	2016			2015			$ Change			% Change
PI	$	518,121		$	314,498		$	203,623		64.7	%
RMW	441,258			441,622			(364		)	(0.1	)
Corporate and eliminations	(5,632		)	(5,336		)	(296		)	5.5
Operating revenues	$	953,747		$	750,784		$	202,963		27.0	%

Our PI segment revenues increased by $203.6 million, or 64.7%, when compared to 2015. Acquisition activity accounted for $208.7 million of the increase in 2016. Excluding acquisition activity, the decrease of $5.1 million was primarily due to lower property information and analytics revenues of $5.5 million, the impact of unfavorable foreign currency translation of $4.0 million and lower other revenues of $1.5 million. The variance was partially offset by higher revenues from our international operations of $4.0 million and higher insurance related revenues of $1.9 million.

Our RMW segment revenues decreased by $0.4 million, or 0.1%, when compared to 2015. The variance was primarily due to declines in our technology solutions revenues from reduced project-related revenues and the wind-down of non-core product lines of approximately $18.5 million, partially offset by improved pricing and market share gains, which increased our revenues from property tax processing by $13.4 million, credit & screening solutions by $3.2 million and flood data services by $1.5 million.

Our corporate and eliminations were comprised of intercompany revenue eliminations between our operating segments.

Cost of Services

Our consolidated cost of services was $510.1 million for the six months ended June 30, 2016, an increase of $134.8 million, or 35.9%, when compared to 2015. Acquisition activity contributed $139.5 million of additional expense in 2016. Excluding acquisition activity, the decrease of $4.7 million was primarily due to lower operating revenues, productivity initiatives and favorable product mix.

Selling, General and Administrative Expense

Our consolidated selling, general and administrative expenses were $227.9 million for the six months ended June 30, 2016, an increase of $35.6 million, or 18.5%, when compared to 2015. Acquisition activity contributed $47.0 million of additional expense in 2016. Excluding acquisition activity, the decrease of $11.4 million was primarily due to our on-going productivity and cost management initiatives which contributed to lower compensation-related expenses of $13.8 million, lower professional fees of $7.0 million, lower facility and lease equipment costs of $2.2 million, and lower other expenses of $1.5 million, partially offset by higher external services costs of $7.5 million (including cyber-security and compliance costs) and higher acquisition-related costs of $5.6 million.

Depreciation and Amortization

Our consolidated depreciation and amortization expense was $82.9 million for the six months ended June 30, 2016, an increase of $9.7 million, or 13.2%, when compared to 2015. Acquisition activity contributed $14.2 million of additional expense in 2016, partially offset by lower depreciation from assets that were fully depreciated in the prior year.

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Operating Income

Our consolidated operating income was $132.8 million for the six months ended June 30, 2016, an increase of $22.9 million, or 20.8%, when compared to 2015, and consisted of the following:

(in thousands, except percentages)	2016			2015			$ Change		% Change
PI	$	50,499		$	36,678		$	13,821	37.7	%
RMW	119,245			115,892			3,353		2.9
Corporate and eliminations	(36,919		)	(42,598		)	5,679		(13.3	)
Operating income	$	132,825		$	109,972		$	22,853	20.8	%

Our PI segment operating income increased by $13.8 million, or 37.7%, when compared to 2015. Acquisition activity contributed $8.0 million of higher operating income in 2016. Excluding acquisition activity, operating income increased by $5.8 million and operating margins increased 208 basis points primarily due to favorable product mix in property information and analytics, higher revenues from our international operations, higher insurance-related revenues and the impact of ongoing operational efficiency programs.

Our RMW segment operating income increased by $3.4 million, or 2.9%, when compared to 2015 primarily due to improved pricing, market share gains and the impact of ongoing operational efficiency programs, partially offset by declines in our technology solutions revenues from reduced project-related revenues and the wind-down of non-core product lines. Operating margins increased 78 basis points to 27%.

Corporate and eliminations operating loss decreased $5.7 million, or 13.3%, primarily due to the impact of ongoing operational efficiency programs.

Total Interest Expense, net

Our consolidated total interest expense, net was $31.5 million for the six months ended June 30, 2016, an increase of $2.5 million, or 8.7%, when compared to 2015. The increase was primarily due to an out-of-period adjustment which reduced interest expense by $5.2 million during the first quarter of 2015 and higher average outstanding balance in the second quarter of 2016, partially offset by lower interest rates.

Gain/(Loss) on Investments and Other, Net

Our consolidated gain on investments and other, net was $2.7 million for the six months ended June 30, 2016, a favorable variance of $3.8 million when compared to 2015, due primarily to higher realized gains on investments in the current year of $2.2 million and lower losses related to the extinguishment of debt of $1.6 million in connection with the 2015 refinancing of our outstanding debt.

Provision for Income Taxes

Our consolidated provision for income taxes from continuing operations before equity in earnings of affiliates and income taxes was $36.1 million and $25.6 million for the six months ended June 30, 2016 and 2015, respectively. The effective tax rate was 34.7% and 32.0% for the six months ended June 30, 2016 and 2015, respectively. The increase in the effective tax rate was due to non-recurring favorable discrete items occurring in 2015, partially offset by current year favorable rate reductions related to federal research credits being permanently enacted, the release of a capital loss valuation allowance related to a capital gain, a current year favorable discrete item related to prior year uncertain foreign tax benefits and a current year unfavorable discrete item from acquisition-related costs.

Equity in (Losses)/Earnings of Affiliates, Net of Tax

Our consolidated equity in losses of affiliates, net of tax, fluctuated $8.4 million, or 100.1%, when compared to 2015. We have equity interests in various affiliates that primarily provide settlement services in connection with residential mortgage loans. The variance was primarily due to the acquisition of the remaining interest in RELS in December 2015, which

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contributed $7.0 million of earnings in the first half of 2015. Following the acquisition, RELS is a consolidated subsidiary of ours and is no longer accounted for under the equity method of accounting.

Net Income Attributable to Noncontrolling Interests

Our consolidated net income attributable to noncontrolling interests decreased by $0.5 million for the six months ended June 30, 2016 when compared to 2015 due to the acquisition of the remaining 40.0% interest in PIQ.

LIQUIDITY AND CAPITAL RESOURCES

Cash and cash equivalents at June 30, 2016 totaled $72.4 million, a decrease of $26.7 million from December 31, 2015. Our cash balances held outside of the U.S. are primarily related to our international operations and, as of June 30, 2016, totaled $28.9 million. Most of the amounts held outside of the U.S. could be repatriated to the U.S. but, under current law, would be subject to U.S. federal income taxes, less applicable foreign tax credits. We plan to maintain significant cash balances outside the U.S. for the foreseeable future.

Restricted cash of $11.0 million at June 30, 2016 and $10.9 million as of December 31, 2015 represents cash pledged for various letters of credit provided in the ordinary course of business to certain vendors, including in connection with obtaining insurance and real property leases.

Cash Flow

Operating Activities. Cash provided by operating activities reflects net income adjusted for certain non-cash items and changes in operating assets and liabilities. Total cash provided by operating activities was approximately $173.2 million and $125.8 million for the six months ended June 30, 2016 and 2015, respectively. The increase in cash provided by operating activities was primarily due to favorable changes in certain working capital items, namely income tax and accounts receivable.

Investing Activities. Total cash used in investing activities was approximately $461.3 million and $42.1 million during the six months ended June 30, 2016 and 2015, respectively. The increase in investing activities is primarily related to net cash paid for acquisitions including $394.8 million for FNC and an acquisition that was not significant for $1.9 million. We also acquired the remaining 40.0% interest in PIQ for $18.0 million. Further, for the six months ended June 30, 2016 and 2015, we had investments in property and equipment of $27.9 million and $21.5 million, respectively, and capitalized data and other intangible assets of $17.9 million and $18.7 million, respectively.

Financing Activities. Total cash provided by financing activities was approximately $261.7 million for the six months ended June 30, 2016, which was primarily comprised of proceeds from debt issuance of $390.0 million and net proceeds from stock-based compensation-related transactions of $2.5 million, partially offset by share repurchases of $29.1 million and repayment of long-term debt of $101.7 million. Total cash used in financing activities was $75.9 million for the six months ended June 30, 2015, which was primarily comprised of share repurchases of $58.7 million, repayment of long-term debt of $36.1 million and debt issuance costs of $6.5 million, partially offset by proceeds from debt issuance of $14.4 million and net proceeds from stock-based compensation-related transactions of $11.0 million.

Financing and Financing Capacity

Total debt outstanding, gross, was $1.7 billion and $1.4 billion as of June 30, 2016 and December 31, 2015, respectively. Our significant debt instruments and borrowing capacity are described below.

Senior Notes

In May 2011, we issued $400.0 million aggregate principal amount of 7.25% senior notes due 2021 (the "Notes").     In July 2016, we completed the redemption of all outstanding balances under the Notes. See Note 15 - Subsequent Events of our condensed consolidated financial statements for further discussion. Prior to their redemption, the Notes were guaranteed on a senior unsecured basis by each of our direct and indirect subsidiaries that guarantee our Credit Agreement (defined below).

Credit Agreement

For a detailed description of our senior secured credit facility (the "Credit Agreement"), see Note 6 - Long-Term Debt of our condensed consolidated financial statements. As of June 30, 2016, we had additional borrowing capacity under the

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Revolving Facility of $160.0 million and were in compliance with the financial and restrictive covenants of the Credit Agreement.

We amended the Credit Agreement to provide for incremental term loan borrowings of $525.0 million, which borrowings were completed in July 2016. A portion of the proceeds of the new borrowings were used to complete the redemption of the Notes and the majority of the remaining proceeds were utilized to reduce our outstanding balance under the revolving portion of the Credit Agreement.

The Credit Agreement consists of a $1.333 billion term loan facility (the "Term Facility") and a $550.0 million revolving credit facility (the "Revolving Facility") that expires in April 2020. The Revolving Facility includes a $100.0 million multicurrency revolving sub-facility and a $50.0 million letter of credit sub-facility. The Credit Agreement also provides for the ability to request an increase in the Term Facility and Revolving Facility by up to $225.0 million in the aggregate.

The Credit Agreement contains customary financial maintenance covenants, including a (i) maximum total leverage ratio not to exceed 4.50 to 1.00; provided that such total leverage ratio shall step down to (a) 4.25 to 1.00 starting with the fiscal quarter ending June 30, 2016, (b) 4.00 to 1.00 starting with the fiscal quarter ending June 30, 2017, and (c) 3.50 to 1.00 starting with the fiscal quarter ending June 30, 2018, and is subject to additional adjustments if the Company completes a Qualified Acquisition (as defined in the Credit Agreement); and (ii) a minimum interest coverage ratio of not less than 3.00 to 1.00.

The Credit Agreement provides that loans under the Term Facility shall be repaid in equal quarterly installments, commencing in the third quarter of 2016 and continuing on each three-month anniversary thereafter in an amount equal to $17.2 million for the first four quarterly payments, $34.4 million for the next four quarterly payments and $51.6 million for each quarterly payment thereafter. The outstanding balance of the term loan will be due on April 21, 2020. If we have a significant increase in our outstanding debt or if our EBITDA decreases significantly, we may be unable to incur additional indebtedness and the lenders under the Credit Agreement may be unwilling to permit us to amend the financial or restrictive covenants described above to provide additional flexibility.

Interest Rate Swaps

In May 2014, we entered into amortizing interest rate swap transactions ("Swaps"). The Swaps became effective in December 2014 and terminate in March 2019. The Swaps are for an initial notional balance of $500.0 million, with a fixed interest rate of 1.57%, and amortize quarterly by $12.5 million through December 31, 2017 and $25.0 million through December 31, 2018, with a remaining notional amount of $250.0 million.

Liquidity and Capital Strategy

We believe that cash flow from operations and current cash balances, together with currently available lines of credit, will be sufficient to meet operating requirements through the next twelve months. Cash available from operations could be affected by any general economic downturn or any decline or adverse changes in our business such as a loss of clients, competitive pressures or other significant change in business environment.

We strive to pursue a balanced approach to capital allocation and will consider the repurchase of common shares, the retirement of outstanding debt and the pursuit of strategic acquisitions on an opportunistic basis.

Availability of Additional Capital

Our access to additional capital fluctuates as market conditions change. There may be times when the private capital markets and the public debt or equity markets lack sufficient liquidity or when our securities cannot be sold at attractive prices, in which case we would not be able to access capital from these sources. Based on current market conditions and our financial condition (including our ability to satisfy the conditions contained in our debt instruments that are required to be satisfied to permit us to incur additional indebtedness), we believe that we have the ability to effectively access these liquidity sources for capital or new borrowings. However, a weakening of our financial condition, including a significant decrease in our profitability or cash flows or a material increase in our leverage, could adversely affect our ability to access these markets and/or increase our cost of borrowings.

Critical Accounting Policies and Estimates

For additional information with respect to our critical accounting policies, which could have the most significant effect on our reported results and require subjective or complex judgments by management, see Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” of our Annual Report on Form 10-K for the year ended December 31, 2015. As of June 30, 2016, there had been no material changes to this information.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk.

Our primary exposure to market risk relates to interest-rate risk associated with certain financial instruments. We monitor our risk associated with fluctuations in interest rates and currently use derivative financial instruments to hedge some of these risks. In May 2014, we entered into the Swaps, which became effective on December 31, 2014 and terminate in March 2019. The Swaps are for an initial notional balance of $500.0 million, with a fixed interest rate of 1.57%, and amortize quarterly by $12.5 million through December 31, 2017 and $25.0 million through December 31, 2018, with a remaining notional amount of $250.0 million. We entered into the Swaps in order to convert a portion of our interest rate exposure on the Term Facility floating rate borrowings from variable to fixed. We have designated the Swaps as cash flow hedges.

As of June 30, 2016, we had approximately $1.7 billion in gross long-term debt outstanding, of which approximately $1.2 billion was variable-interest-rate debt. As of June 30, 2016, the remaining notional balance of the Swaps was $425.0 million. A hypothetical 1% increase or decrease in interest rates could result in an approximately $1.9 million change to interest expense on a quarterly basis.

We are also subject to equity price risk related to our equity securities portfolio. At June 30, 2016, we had equity securities with a fair value of $22.6 million.

Although we are subject to foreign currency exchange rate risk as a result of our operations in certain foreign countries, the foreign exchange exposure related to these operations, in the aggregate, is not material to our financial condition or results of operations.

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our principal executive officer and principal financial officer have concluded that, as of the end of the quarterly period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures, as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended, were effective, based on the evaluation of these controls and procedures required by Rule 13a-15(b).

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the quarter ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II: OTHER INFORMATION

Item  1.  Legal Proceedings.

For a description of our legal proceedings, see Note 11 – Litigation and Regulatory Contingencies of our condensed consolidated financial statements, which is incorporated by reference in response to this item.

Item  1A.  Risk Factors.

A restated description of the risk factors associated with our business is set forth below. This description supersedes the description of the risk factors associated with our business previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2015. The risks discussed below are not the only ones facing our business but do represent those risks that we believe are material to us. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also harm our business. Please read the cautionary notice regarding forward-looking statements under the heading “Management's Discussion and Analysis of Financial Condition and Results of Operations.”

Risks Related to Our Business

1. We depend on our ability to access data from external sources to maintain and grow our businesses. If we are unable to access needed data from these sources or if the prices charged for these services increase, the quality, pricing and availability of our products and services may be adversely affected, which could have a material adverse impact on our business, financial condition and results of operations.

We rely extensively upon data from a variety of external sources to maintain our proprietary and non-proprietary databases, including data from third-party suppliers, various government and public record sources and data contributed by our clients. Our data sources could cease providing or reduce the availability of their data to us, increase the price we pay for their data, or limit our use of their data for a variety of reasons, including legislatively or judicially imposed restrictions on use. If a number of suppliers are no longer able or are unwilling to provide us with certain data, or if our public record sources of data become unavailable or too expensive, we may need to find alternative sources. If we are unable to identify and contract with suitable alternative data suppliers and efficiently and effectively integrate these data sources into our service offerings, we could experience service disruptions, increased costs and reduced quality of our services. Moreover, some of our suppliers compete with us in certain product offerings, which may make us vulnerable to unpredictable price increases from them. Significant price increases could have a material adverse effect on our operating margins and our financial position, in particular if we are unable to arrange for substitute sources of data on favorable economic terms. Loss of such access or the availability of data in the future on commercially reasonable terms or at all may reduce the quality and availability of our services and products, which could have a material adverse effect on our business, financial condition and results of operations.

2. Our clients and we are subject to various governmental regulations, and a failure to comply with government regulations or changes in these regulations could result in penalties, restrict or limit our or our clients' operations or make it more burdensome to conduct such operations, any of which could have a material adverse effect on our revenues, earnings and cash flows.

Many of our and our clients' businesses are subject to various federal, state, local and foreign laws and regulations. Our failure to comply with applicable laws and regulations could restrict our ability to provide certain services or result in the imposition of civil fines and criminal penalties, substantial regulatory and compliance costs, litigation expense, adverse publicity and loss of revenue.

In addition, our businesses are subject to an increasing degree of compliance oversight by regulators and by our clients. Specifically, the Consumer Financial Protection Bureau ("CFPB") has authority to write rules affecting the business of credit reporting agencies and also to supervise, conduct examinations of, and enforce compliance as to federal consumer financial protection laws and regulations with respect to certain “non-depository covered persons” determined by the CFPB to be “larger participants” that offer consumer financial products and services. Two of our credit businesses - CoreLogic Credco and Teletrack - are subject to the CFPB non-bank supervision program. The CFPB and the prudential financial institution regulators such as the Office of the Comptroller of the Currency ("OCC") also have the authority to examine us in our role as a service provider to large financial institutions, although it is yet unclear how broadly they will apply this authority going forward. In addition, several of our largest bank clients are subject to consent orders with the OCC and/or are parties to the National Mortgage Settlement, both of which require them to exercise greater oversight and perform more rigorous audits of their key vendors such as us.

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These laws and regulations (as well as laws and regulations in the various states or in other countries) could limit our ability to pursue business opportunities we might otherwise consider engaging in, impose additional costs or restrictions on us, result in significant loss of revenue, impact the value of assets we hold, or otherwise significantly adversely affect our business. In addition, this increased level of scrutiny may increase our compliance costs.

Our operations could be negatively affected by changes to laws and regulations and enhanced regulatory oversight of our clients and us. These changes may compel us to increase our prices in certain situations or decrease our prices in other situations, may restrict our ability to implement price increases, and may limit the manner in which we conduct our business or otherwise may have a negative impact on our ability to generate revenues, earnings and cash flows. If we are unable to adapt our products and services to conform to the new laws and regulations, or if these laws and regulations have a negative impact on our clients, we may experience client losses or increased operating costs, and our business and results of operations could be negatively affected.

3. Regulatory developments with respect to use of consumer data and public records could have a material adverse effect on our business, financial condition and results of operations.

Because our databases include certain public and non-public personal information concerning consumers, we are subject to government regulation and potential adverse publicity concerning our use of consumer data. We acquire, store, use and provide many types of consumer data and related services that are subject to regulation under the Fair Credit Reporting Act

("FCRA"), the Gramm-Leach-Bliley Act ("GLBA"), and the Driver's Privacy Protection Act and, to a lesser extent, various other federal, state, and local laws and regulations. These laws and regulations are designed to protect the privacy of consumers and to prevent the unauthorized access and misuse of personal information in the marketplace. Our failure to comply with these laws, or any future laws or regulations of a similar nature, could result in substantial regulatory penalties, litigation expense and loss of revenue.

In addition, some of our data suppliers face similar regulatory requirements and, consequently, they may cease to be able to provide data to us or may substantially increase the fees they charge us for this data which may make it financially burdensome or impossible for us to acquire data that is necessary to offer our products and services. Further, many consumer advocates, privacy advocates and government regulators believe that existing laws and regulations do not adequately protect privacy or ensure the accuracy of consumer-related data. As a result, they are seeking further restrictions on the dissemination or commercial use of personal information to the public and private sectors as well as contemplating requirements relative to data accuracy and the ability of consumers to opt to have their personal data removed from databases such as ours. Any future laws, regulations or other restrictions limiting the dissemination or use of personal information may reduce the quality and availability of our products and services, which could have a material adverse effect on our business, financial condition and results of operations.

4. If we are unable to protect our information systems against data corruption, cyber-based attacks or network security breaches, or if we are unable to provide adequate security in the electronic transmission of sensitive data, it could have a material adverse effect on our business, financial condition and results of operations.

We are highly dependent on information technology networks and systems, including the Internet, to securely process, transmit and store electronic information. In particular, we depend on our information technology infrastructure for business-to-business and business-to-consumer electronic commerce. Security breaches of this infrastructure, including physical or electronic break-ins, computer viruses, attacks by hackers and similar breaches, can create system disruptions, shutdowns or unauthorized disclosure of confidential information, including non-public personal information and consumer data. Unauthorized access, including through use of fraudulent schemes such as "phishing" schemes, could jeopardize the security of information stored in our systems. In addition, malware or viruses could jeopardize the security of information stored or used in a user's computer. If we are unable to prevent such security or privacy breaches, our operations could be disrupted, or we may suffer loss of reputation, financial loss, lawsuits and other regulatory imposed restrictions and penalties because of lost or misappropriated information, including sensitive consumer data.

Likewise, our clients are increasingly imposing more stringent contractual obligations on us relating to our information security protections. If we are unable to maintain protections and processes at a level commensurate with that required by our clients, it could negatively affect our relationships with those clients or increase our operating costs, which could harm our business or reputation.

5. We rely on our top ten clients for a significant portion of our revenue and profit, which makes us susceptible to the same macro-economic and regulatory factors that our clients face. If these clients are negatively impacted by

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current economic or regulatory conditions or otherwise experience financial hardship or stress, or if the terms of our relationships with these clients change, our business, financial condition and results of operations could be adversely affected.

Our ten largest clients generated approximately 43% of our operating revenues for the quarter ended June 30, 2016, and two of our largest clients each generated over 10% of our revenue in the second quarter of 2016. We expect that a limited number of our clients will continue to represent a significant portion of our revenues for the foreseeable future, and that our concentration of revenue with one or more clients may continue to be significant or increase. These clients face continued pressure in the current economic and regulatory climate. Many of our relationships with these clients are long-standing and are important to our future operating results, but there is no guarantee that we will be able to retain or renew existing agreements or maintain our relationships on acceptable terms or at all. In addition, in response to increased regulatory oversight, clients in the mortgage lending industry may have internal policies that require them to use multiple vendors or service providers, thereby causing a diversification of revenue among many vendors. Deterioration in or termination of any of these relationships, including through vendor diversification policies or merger or consolidation among our clients, could significantly reduce our revenue and could adversely affect our business, financial condition and results of operations. In addition, certain of our businesses have higher client concentration than our company as a whole. As a result, these businesses may be disproportionately affected by declining revenue from, or loss of, a significant client.

6. Systems interruptions may impair the delivery of our products and services, causing potential client and revenue loss.

System interruptions may impair the delivery of our products and services, resulting in a loss of clients and a corresponding loss in revenue. Our technology infrastructure runs primarily in a private dedicated cloud-based environment hosted in Dell's technology center in Quincy, WA. We cannot be sure that certain systems interruptions or events beyond our control, including issues with Dell's technology center or our third-party network and infrastructure providers, will not interrupt or terminate the delivery of our products and services to our clients. These interruptions also may interfere with our suppliers' ability to provide necessary data to us and our employees' ability to attend to work and perform their responsibilities. Any of these possible outcomes could result in a loss of clients or a loss in revenue, which could have an adverse effect on our business or operations.

7. Becauseour revenue from clients in the mortgage, consumer lending and real estate industries is affected by the strength of the economy and the housing market generally, including the volume of real estate transactions, a negative change in any of these conditions could materially adversely affect our business and results of operations.

A significant portion of our revenue is generated from solutions we provide to the mortgage, consumer lending and real estate industries and, as a result, a weak economy or housing market or adverse changes in the interest rate environment may adversely affect our business. The volume of mortgage origination and residential real estate transactions is highly variable. Reductions in these transaction volumes could have a direct impact on certain portions of our revenues and may materially adversely affect our business, financial condition and results of operations. Moreover, negative economic conditions and/or increasing interest rate environments could affect the performance and financial condition of some of our clients in many of our businesses, which may lead to negative impacts on our revenue, earnings and liquidity in particular if these clients go bankrupt or otherwise exit certain businesses.

8. Our acquisition and integration of businesses by us may involve increased expenses, and may not produce the desired financial or operating results contemplated at the time of the transaction.

We have acquired and expect to continue to acquire, on an opportunistic basis, companies, businesses, products and services. These activities may increase our expenses, and the expected benefits, synergies and growth from these initiatives may not materialize as planned. In addition, we may have difficulty integrating our completed or any future acquisitions into our operations, including implementing at the acquired companies controls, procedures and policies in line with our controls, procedures and policies. If we fail to properly integrate acquired businesses, products, technologies and personnel, it could impair relationships with employees, clients and strategic partners, distract management attention from our core businesses, result in control failures and otherwise disrupt our ongoing business and harm our results of operations. We also may not be able to retain key management and other critical employees after an acquisition. Although part of our business strategy may include growth through strategic acquisitions, we may not be able to identify suitable acquisition candidates, obtain the capital necessary to pursue acquisitions or complete acquisitions on satisfactory terms.

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9. Our reliance on outsourcing arrangements subjects us to risk and may disrupt or adversely affect our operations. In addition, we may not realize the full benefit of our outsourcing arrangements, which may result in increased costs, or may adversely affect our service levels for our clients.

Over the last few years, we have outsourced various business process and information technology services to third parties, including the outsourcing arrangements we entered into with a subsidiary of Cognizant Technology Solutions and the technology infrastructure management services agreement we entered into with Dell. Although we have service-level arrangements with our providers, we do not ultimately control their performance, which may make our operations vulnerable to their performance failures. In addition, the failure to adequately monitor and regulate the performance of our third-party vendors could subject us to additional risk. Reliance on third parties also makes us vulnerable to changes in the vendors' business, financial condition and other matters outside of our control, including their violations of laws or regulations which could increase our exposure to liability or otherwise increase the costs associated with the operation of our business. The failure of our outsourcing partners to perform as expected or as contractually required could result in significant disruptions and costs to our operations and to the services we provide to our clients, which could materially and adversely affect our business, client relationships, financial condition, operating results and cash flow.

10. Our international service providers and our own international operations subject us to additional risks, which could have an adverse effect on our results of operations and may impair our ability to operate effectively.

Over the last few years, we have reduced our costs by utilizing lower-cost labor outside the U.S. in countries such as India and the Philippines through outsourcing arrangements. These countries are subject to higher degrees of political and social instability than the U.S. and may lack the infrastructure to withstand political unrest or natural disasters. Such disruptions can impact our ability to deliver our products and services on a timely basis, if at all, and to a lesser extent can decrease efficiency and increase our costs. Fluctuations of the U.S. dollar in relation to the currencies used and higher inflation rates experienced in these countries may also reduce the savings we planned to achieve. Furthermore, the practice of utilizing labor based in foreign countries has come under increased scrutiny in the United States and, as a result, many of our clients may require us to use labor based in the U.S. We may not be able to pass on the increased costs of higher-priced U.S.-based labor to our clients, which ultimately could have an adverse effect on our results of operations.

In addition, the foreign countries in which we have service provider arrangements or operate could adopt new legislation or regulations that would adversely affect our business by making it difficult, more costly or impossible for us to continue our foreign activities as currently being conducted. Furthermore, in many foreign countries, particularly in those with developing economies, it is common to engage in business practices that are prohibited by laws and regulations applicable to us, such as the Foreign Corrupt Practices Act ("FCPA"). Any violations of FCPA or local anti-corruption laws by us, our subsidiaries or our local agents, could have an adverse effect on our business and reputation and result in substantial financial penalties or other sanctions.

11. We rely upon proprietary technology and information rights, and if we are unable to protect our rights, our business, financial condition and results of operations could be harmed.

Our success depends, in part, upon our intellectual property rights. We rely primarily on a combination of patents, copyrights, trade secrets, and trademark laws and nondisclosure and other contractual restrictions on copying, distribution and creation of derivative products to protect our proprietary technology and information. This protection is limited, and our intellectual property could be used by others without our consent. In addition, patents may not be issued with respect to our pending or future patent applications, and our patents may not be upheld as valid or may not prevent the development of competitive products. Any infringement, disclosure, loss, invalidity of, or failure to protect our intellectual property could negatively impact our competitive position, and ultimately, our business. Moreover, litigation may be necessary to enforce or protect our intellectual property rights, to protect our trade secrets, or to determine the validity and scope of the proprietary rights of others. Such litigation could be time-consuming, result in substantial costs and diversion of resources and could harm our business, financial condition, results of operations and cash flows.

12. If our products or services are found to infringe on the proprietary rights of others, we may be required to change our business practices and may also become subject to significant costs and monetary penalties.

As we continue to develop and expand our products and services, we may become increasingly subject to infringement claims from third parties such as non-practicing entities, software providers or suppliers of data. Likewise, if we are unable to maintain adequate controls over how third-party software and data are used we may be subject to claims of infringement. Any claims, whether with or without merit, could:

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• be expensive and time-consuming to defend;

• cause us to cease making, licensing or using applications that incorporate the challenged intellectual property;

• require us to redesign our applications, if feasible;

• divert management's attention and resources; and

• require us to enter into royalty or licensing agreements in order to obtain the right to use necessary technologies.

13. Our level of indebtedness could adversely affect our financial condition and prevent us from complying with our covenants and obligations under our outstanding debt instruments. Further, the instruments governing our indebtedness subject us to various restrictions that could limit our operating flexibility.

As of June 30, 2016, our total debt was approximately $1.7 billion, and we had unused commitments of approximately $160.0 million under our credit facilities. In July 2016, we completed $525.0 million of incremental term loan borrowings through an amendment to our Credit Agreement. A portion of the proceeds of the new borrowings were used to complete the redemption of all outstanding balances under the Notes plus accrued and unpaid interest for approximately $411.0 million. The remaining portion of the proceeds were utilized to reduce our outstanding balance within the Revolving Facility. Following the redemption of the Notes and the incremental borrowing under our Credit Agreement in July 2016, our total debt was approximately $1.7 billion and we had unused commitments of approximately $270.0 million.

Subject to the limitations contained in the Credit Agreement governing our credit facilities and our other debt instruments, we may incur additional debt from time to time to finance working capital, capital expenditures, investments or acquisitions, or for other general corporate purposes. If we do so, the risks related to our level of debt could increase. Specifically, our level of debt could have important consequences to us, including increasing our vulnerability to adverse economic and industry conditions and compromising our flexibility to capitalize our business opportunities and to plan for, or react to, competitive pressures and changes in our business or market conditions.

The Credit Agreement governing our credit facilities imposes operating and financial restrictions on our activities. These restrictions include the financial covenants in our credit facilities which require ongoing compliance with certain financial tests and ratios, including a minimum interest coverage ratio and maximum leverage ratio, and could limit or prohibit our ability to, among other things:

• create, incur or assume additional debt;

• create, incur or assume certain liens;

• redeem and/or prepay certain subordinated debt we might issue in the future;

• pay dividends on our stock or repurchase stock;

• make certain investments and acquisitions, including joint ventures;

• enter into or permit to exist contractual limits on the ability of our subsidiaries to pay dividends to us;

• enter into new lines of business;

• engage in consolidations, mergers and acquisitions;

• engage in specified sales of assets; and

• enter into transactions with affiliates.

These restrictions on our ability to operate our business could impact our business by, among other things, limiting our ability to take advantage of financing, merger and acquisition or other corporate opportunities that might otherwise be beneficial to us. Our failure to comply with these restrictions could result in an event of default which, if not cured or waived, could result in the acceleration of substantially all our debt.

14. We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our outstanding debt instruments, which may not be successful.

Our ability to make scheduled payments on or refinance our debt obligations depends on our financial condition and operating performance, which are subject to prevailing economic and competitive conditions and to certain financial, business, legislative, regulatory and other factors beyond our control. We may be unable to maintain a level of cash flows from operating activities sufficient to permit us to pay the principal, premium, if any, and interest on our indebtedness. Our inability to generate sufficient cash flows to satisfy our debt obligations, or to refinance our indebtedness on commercially reasonable terms or at all, would materially and adversely affect our financial position and results of operations. If we cannot make scheduled payments on our debt, we will be in default and the lenders under our credit facilities could declare all outstanding principal and interest to be due and payable and could terminate their revolving commitments to loan money and foreclose against the assets securing their borrowings, and we could be forced into bankruptcy or liquidation.

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15. We operate in a competitive business environment, and if we are unable to compete effectively our results of operations and financial condition may be adversely affected.

The markets for our products and services are intensely competitive. Our competitors vary in size and in the scope and breadth of the services they offer. We compete for existing and new clients against both third parties and the in-house capabilities of our clients. Many of our competitors have substantial resources. Some have widely-used technology platforms that they seek to use as a competitive advantage to drive sales of other products and services. In addition, we expect that the markets in which we compete will continue to attract new competitors and new technologies. These competitors and new technologies may be disruptive to our existing technology or service offerings, resulting in operating inefficiencies and increased competitive pressure. We cannot assure you that we will be able to compete successfully against current or future competitors. Any competitive pressures we face in the markets in which we operate could materially adversely affect our business, financial condition and results of operations.

16. We may not be able to attract and retain qualified management or develop current management to assist in or lead company growth, which could have an adverse effect on our ability to maintain or expand our product and service offerings.

We rely on skilled management and our success depends on our ability to attract, train and retain a sufficient number of such individuals. If our attrition rate increases, our operating efficiency and productivity may decrease. We compete for talented individuals not only with other companies in our industry but also with companies in other industries, such as software services, engineering services and financial services companies, and there is a limited pool of individuals who have the skills and training needed to grow our company, especially in the increasingly-regulated environment in which we operate. Increased attrition or competition for qualified management could have an adverse effect on our ability to expand our business and product offerings, as well as cause us to incur greater personnel expenses and training costs.

17. We have substantial investments in recorded goodwill as a result of prior acquisitions and an impairment of these investments would require a write-down that would reduce our net income.

Goodwill is assessed for impairment annually or sooner if circumstances indicate a possible impairment. Factors that could lead to impairment of goodwill include significant underperformance relative to historical or projected future operating results, a significant decline in our stock price and market capitalization and negative industry or economic trends. In the event that the book value of goodwill is impaired, any such impairment would be charged to earnings in the period of impairment. In the event of significant volatility in the capital markets or a worsening of current economic conditions, we may be required to record an impairment charge, which would negatively impact our results of operations. Possible future impairment of goodwill may have a material adverse effect on our business, financial condition and results of operations.

18. We may not be able to effectively achieve our cost-containment or growth strategies, which could adversely affect our financial condition or results of operations.

Our ability to execute on our cost-containment and growth strategies depends in part on maintaining our competitive advantage with current solutions in new and existing markets, as well as our ability to develop new technologies and solutions to serve such markets. There can be no assurance that we will be able to realize all of the projected benefits of our cost-containment plans or that we will be able to compete successfully in new markets or continue to compete effectively in our existing markets. In addition, development of new technologies and solutions may require significant investment by us. If we fail to introduce new technologies or solutions on a cost-effective or timely basis, or if we are not successful in introducing or obtaining regulatory or market acceptance for new solutions, we may lose market share and our results of operations or cash flows could be adversely affected.

19. We share responsibility with First American Financial Corporation ("FAFC") for certain income tax liabilities for tax periods prior to and including the date of the Separation.

Under the Tax Sharing Agreement, by and between FAC and FAFC, dated as of June 1, 2010 (the "Tax Sharing Agreement") we entered into in connection with the Separation transaction, we are generally responsible for taxes attributable to our business, assets and liabilities and FAFC is generally responsible for all taxes attributable to members of the FAFC group of companies and the assets, liabilities or businesses of the FAFC group of companies. Generally, any liabilities arising from tax adjustments to consolidated tax returns for tax periods prior to and including the date of the Separation will be shared in proportion to each company's percentage of the tax liability for the relevant year (or partial year with respect to 2010), unless the adjustment is attributable to either party, in which case the adjustment will generally be for the account of such party. In

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addition to this potential liability associated with adjustments for prior periods, if FAFC were to fail to pay any tax liability it is required to pay under the Tax Sharing Agreement, we could be legally liable under applicable tax law for such tax liabilities and required to make additional tax payments. Accordingly, under certain circumstances, we may be obligated to pay amounts in excess of our agreed-upon share of tax liabilities.

20. If certain transactions, including internal transactions, undertaken in anticipation of the Separation are determined to be taxable for U.S. federal income tax purposes, we, our stockholders that are subject to U.S. federal income tax and FAFC will incur significant U.S. federal income tax liabilities.

In connection with the Separation we received a private letter ruling from the Internal Revenue Service ("IRS") to the effect that, among other things, certain internal transactions undertaken in anticipation of the Separation will qualify for favorable treatment under the U.S. Internal Revenue Code of 1986, as amended (the ‘‘Code’’), and the contribution by us of certain assets of the financial services businesses to FAFC and the pro-rata distribution to our shareholders of the common stock of FAFC will, except for cash received in lieu of fractional shares, qualify as a tax-free transaction for U.S. federal income tax purposes under Sections 355 and 368(a)(1)(D) of the Code. In addition, we received opinions of tax counsel to similar effect. The ruling and opinions relied on certain facts, assumptions, representations and undertakings from us and FAFC regarding the past and future conduct of the companies' respective businesses and other matters. If any of these facts, assumptions, representations or undertakings is incorrect or not otherwise satisfied, we and our stockholders may not be able to rely on the ruling or the opinions of tax counsel and could be subject to significant tax liabilities. Notwithstanding the private letter ruling and opinions of tax counsel, the IRS could determine on audit that the Separation is taxable if it determines that any of these facts, assumptions, representations or undertakings were not correct or have been violated or if it disagrees with the conclusions in the opinions that were not covered by the private letter ruling, or for other reasons, including as a result of certain significant changes in the stock ownership of us or FAFC after the Separation. If the Separation is determined to be taxable for U.S. federal and state income tax purposes, we and our stockholders that are subject to income tax could incur significant income tax liabilities.

In addition, under the terms of the Tax Sharing Agreement, in the event a transaction were determined to be taxable and such determination were the result of actions taken after the Separation by us or FAFC, the party responsible for such failure would be responsible for all taxes imposed on us or FAFC as a result thereof.

Moreover, the Tax Sharing Agreement generally provides that each party thereto is responsible for any taxes imposed on the other party as a result of the failure of the distribution to qualify as a tax-free transaction under the Code if such failure is attributable to post-Separation actions taken by or in respect of the responsible party or its stockholders, regardless of when the actions occur after the Separation, and the other party consents to such actions or such party obtains a favorable letter ruling or opinion of tax counsel as described above.

21. In connection with the Separation, we entered into a number of agreements with FAFC setting forth rights and obligations of the parties post-Separation. In addition, certain provisions of these agreements provide protection to FAFC in the event of a change of control of us, which could reduce the likelihood of a potential change of control that our stockholders may consider favorable.

In connection with the Separation, we and FAFC entered into a number of agreements that set forth certain rights and obligations of the parties post-Separation, including the Separation and Distribution Agreement, the Tax Sharing Agreement and the Restrictive Covenants Agreement. We possess certain rights under those agreements, including without limitation indemnity rights from certain liabilities allocated to FAFC. The failure of FAFC to perform its obligations under the agreements could have an adverse effect on our financial condition, results of operations and cash flows.

In addition, the Separation and Distribution Agreement gives FAFC the right to purchase the equity or assets of our entity or entities directly or indirectly owning the real property databases that we currently own upon the occurrence of certain triggering events. The triggering events include the direct or indirect purchase of the databases by a title insurance underwriter (or its affiliate) or an entity licensed as a title insurance underwriter, including a transaction where a title insurance underwriter (or its affiliate) acquires 25% or more of us. The purchase right expires June 1, 2020. Until the expiration of the purchase right, this provision could have the effect of limiting or discouraging an acquisition of us or preventing a change of control that our stockholders might consider favorable. Likewise, if a triggering event occurs, the loss of ownership of our real property database could have a material adverse effect on our financial condition, business and results of operations.

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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered Sales of Equity Securities

During the quarter ended June 30, 2016, we did not issue any unregistered shares of our common stock.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

On July 31, 2015, the Board of Directors canceled all prior repurchase authorizations and established a new share repurchase authorization of up to $350.0 million. The new share repurchase authorization replaces the unused portion of our previous share repurchase authorization, which was announced in December 2013. As of June 30, 2016, we had $282.2 million in value of shares remaining that could be purchased in the future under the current authorization. The stock repurchase authorization has no expiration date and repurchases may be made in the open market, in privately negotiated transactions or under a Rule 10b5-1 plan.

Under our Credit Agreement, our stock repurchase capacity is restricted to $150.0 million per fiscal year, with the ability to undertake an additional amount of repurchases in such fiscal year provided that, on a pro forma basis after giving effect to the stock repurchase, our total leverage ratio does not exceed 3.5 to 1.0. While we continue to preserve the capacity to execute share repurchases under our existing share repurchase authorization, going forward we will strive to pursue a balanced approach to capital allocation and will consider the repurchase of shares of our common shares, the retirement of outstanding debt and the pursuit of strategic acquisitions on an opportunistic basis.

Issuer Purchases of Equity Securities
		(a)		(b)
Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
April 1 to April 30, 2016	150,000	$	35.79	150,000	$	305,921,849
May 1 to May 31, 2016	611,865	$	36.47	611,865	$	283,607,132
June 1 to June 30, 2016	38,135	$	37.79	38,135	$	282,163,915
Total	800,000	$	36.41	800,000

Item 3.  Defaults upon Senior Securities. None.

Item 4.  Mine Safety Disclosures. Not applicable.

Item  5.  Other Information. None.

Item 6.  Exhibits.

See Exhibit Index.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		CoreLogic, Inc.
		(Registrant)
		By: /s/   Anand Nallathambi
		Anand Nallathambi
		President and Chief Executive Officer
		(Principal Executive Officer)
		By: /s/  James L. Balas
		James L. Balas
		Chief Financial Officer
		(Principal Financial & Accounting Officer)
Date:	July 26, 2016

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EXHIBIT INDEX

Exhibit Number	Description
2.1	Purchase and Sale Agreement by and among CoreLogic Acquisition Co. I, LLC, CoreLogic Acquisition Co. II, LLC, CoreLogic Acquisition Co. III, LLC, Property Data Holdings, Ltd., DataQuick Lending Solutions, Inc., Decision Insight Information Group S.à r.l., and solely with respect to, and as specified in, Sections 2.5, 2.7, 2.10(f), 5.7, 5.18, 5.21, 8.2(b), 8.7(b), and 9.15 of the Purchase and Sale Agreement, CoreLogic Solutions, LLC, and solely with respect to, and as specified in, Sections 5.4 and 5.7 of the Purchase and Sale Agreement, Property Data Holdings, L.P. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K as filed with the SEC on July 5, 2013)^+
2.2	Agreement and Plan of Merger, dated December 17, 2015, by and among CoreLogic Solutions, LLC, CoreLogic Acquisition Co., Inc., FNC Holding Company, Inc. and, solely in his capacity as Shareholder Representative, Dennis S. Tosh, Jr. (incorporated by reference to Exhibit 2.2 to the Company's Annual Report on Form 10-K as filed with the SEC on February 26, 2016)^+
2.3	First Amendment to Agreement and Plan of Merger, dated as of April 7, 2016, by and among CoreLogic Solutions, LLC, CoreLogic Acquisition Co., Inc., FNC Holding Company, Inc. and Dennis S. Tosh, Jr.^
3.1	Amended and Restated Certificate of Incorporation of CoreLogic, Inc., dated May 28, 2010 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K as filed with the SEC on June 1, 2010)
3.2	Amended and Restated Bylaws of CoreLogic, Inc. (incorporated by reference to the Company’s Current Report on Form 8-K as filed with the SEC on March 5, 2014)
10.1	Employment Agreement, dated April 8, 2016, between CoreLogic, Inc. and James L. Balas*ü
10.2	Amendment to Employment Agreement between CoreLogic, Inc. and Frank Martell effective as of April 8, 2016*ü
10.3	First Amendment to Credit Agreement, dated as of June 29, 2016 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K as filed with the SEC on July 20, 2016)
31.1	Certification by Chief Executive Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934 ü
31.2	Certification by Chief Financial Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934 ü
32.1	Certification by Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 ü
32.2	Certification by Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 ü
101	Extensible Business Reporting Language (XBRL)ü

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ü	Included in this filing.
*	Indicates a management contract or compensatory plan or arrangement in which any director or named executive officer participates.
^	Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby agrees to furnish supplementally copies of any of the omitted schedules and exhibits upon request by the Securities and Exchange Commission.
+	This agreement contains representations and warranties by us or our subsidiaries. These representations and warranties have been made solely for the benefit of the other parties to the agreement and (i) have been qualified by disclosures made to such other parties, (ii) were made only as of the date of such agreement or such other date(s) as may be specified in such agreement and are subject to more recent developments, which may not be fully reflected in our public disclosures, (iii) may reflect the allocation of risk among the parties to such agreement and (iv) may apply materiality standards different from what may be viewed as material to investors. Accordingly, these representations and warranties may not describe the actual state of affairs at the date hereof and should not be relied upon.

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EX-10.1

EXHIBIT 10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 8th day of April, 2016, by and between CoreLogic, Inc., a Delaware corporation (the“Company”), and James L. Balas (the “Executive”).

RECITALS

THE PARTIES ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions:

A. The Company desires that the Executive be employed by the Company to carry out the duties and responsibilities described below, all on the terms and conditions hereinafter set forth, effective as of April 8, 2016 (the “Effective Date”).

B. The Executive desires to accept such employment on such terms and conditions.

AGREEMENT

NOW, THEREFORE, in consideration of the above recitals incorporated herein and the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows:

1.Retention and Duties.

1.1 Retention. The Company does hereby hire, engage and employ the Executive for the Period of Employment (as such term is defined in Section 2) on the terms and conditions expressly set forth in this Agreement. The Executive does hereby accept and agree to such hiring, engagement and employment, on the terms and conditions expressly set forth in this Agreement.

1.2 Duties. During the Period of Employment, the Executive shall serve the Company as its Chief Financial Officer and shall have such other duties and responsibilities as the Chief Executive Officer of the Company (the “CEO”) shall determine from time to time. The Executive shall be subject to the corporate policies of the Company as they are in effect from time to time throughout the Period of Employment (including, without limitation, the Company’s Code of Conduct, as it may change from time to time). During the Period of Employment, the Executive shall report solely to the CEO.

1.3 No Other Employment; Minimum Time Commitment. During the Period of Employment, the Executive shall (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment. The Executive’s service on the boards of directors (or similar body) of other business entities is subject to the approval of the CEO or the

Company’s Board of Directors (the “Board”). The Company shall have the right to require the Executive to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) which he may then serve if the Board or CEO reasonably determines that the Executive’s service on such board or body interferes with the effective discharge of the Executive’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its affiliates, successors or assigns.

1.4 No Breach of Contract. The Executive hereby represents to the Company and agrees that: (i) the execution and delivery of this Agreement by the Executive and the Company and the performance by the Executive of the Executive’s duties hereunder do not and shall not constitute a breach of, conflict with, or otherwise contravene or cause a default under, the terms of any other agreement or policy to which the Executive is a party or otherwise bound or any judgment, order or decree to which the Executive is subject; (ii) the Executive will not enter into any new agreement that would or reasonably could contravene or cause a default by the Executive under this Agreement; (iii) the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other Person (as such term is defined in Section 5.5) which would prevent, or be violated by, the Executive entering into this Agreement or carrying out his duties hereunder; (iv) the Executive is not bound by any employment, consulting, non-compete, confidentiality, trade secret or similar agreement (other than this Agreement and the Confidentiality Agreement) with any other Person; (v) to the extent the Executive has any confidential or similar information that he is not free to disclose to the Company, he will not disclose such information to the extent such disclosure would violate applicable law or any other agreement or policy to which the Executive is a party or by which the Executive is otherwise bound; and (vi)the Executive understands the Company will rely upon the accuracy and truth of the representations and warranties of the Executive set forth herein and the Executive consents to such reliance.

1.5 Location. The Executive’s principal place of employment shall be the Company’s principal executive office as it may be located from time to time. The Executive agrees that he will be regularly present at that office. The Executive acknowledges that he will be required to travel from time to time in the course of performing his duties for the Company.

1.6 Confidentiality Agreement. The Executive has previously executed and delivered to the Company a Confidential Information and Inventions Agreement (as it may be amended from time to time and together with any similar successor agreement, the “Confidentiality Agreement”). The Executive agrees to continue to abide by the Confidentiality Agreement.

2. Period of Employment. The “Period of Employment” shall commence on the Effective Date and shall end at the close of business on December 31, 2016 (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not give rise to an obligation to pay severance benefits pursuant to Section

5.3(b).Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

3.Compensation.

3.1 Base Salary. The Executive’s base salary (the “Base Salary”) shall be paid in accordance with the Company’s regular payroll practices in effect from time to time, but not less frequently than in monthly installments. The Executive’s Base Salary for the first twelve (12) months of the Period of Employment shall be at an annualized rate of Four Hundred Twenty-Five Thousand Dollars ($425,000). The Company will review the Executive’s Base Salary at least annually and may increase the Executive’s Base Salary from the rate then in effect based on such review.

3.2 Annual Performance Bonus. For each fiscal year of the Company that ends during the Period of Employment, the Executive shall be eligible to receive an annual incentive bonus (“Incentive Bonus”) in an amount to be determined by the Company’s Compensation Committee in its sole discretion, based on the performance objectives established for that particular period and subject to the terms and conditions of any applicable bonus plan. Incentive Bonus awards at target performance are determined annually based on Company performance targets and market data for similarly situated executives at peer companies. For 2016, Incentive Bonus award at target performance shall be no less than Ninety Percent (90%) of the Executive’s Base Salary.

3.3 Long Term Incentives. The Executive shall also be eligible to receive long-term incentive awards annually in an amount to be determined by the Company’s Compensation Committee in its sole discretion (“LTI Awards”). LTI Awards at target performance are determined annually based on Company performance goals and market data for similarly situated executives at peer companies. For 2016, the LTI Awards at target performance shall have a grant-date value of no less than Six Hundred Thirty-Seven Thousand Five Hundred Dollars ($637,500.00).

4.Benefits.

4.1 Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

4.2 Reimbursement of Business Expenses. The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time. The Executive agrees to promptly submit and document any reimbursable expenses in accordance with the Company’s expense reimbursement policies to facilitate the timely reimbursement of such expenses.

4.3 Paid Time Off. During the Period of Employment, the Executive will be covered by the Company’s Executive Paid Time Off Policy as in effect from time to time.

5.Termination.

5.1 Termination by the Company. The Executive’s employment with the Company, and the Period of Employment, may be terminated at any time by the Company: (i) with Cause (as such term is defined in Section 5.5), or (ii) without Cause, or (iii) in the event of the Executive’s death, or (iv) in the event that the Board determines in good faith that the Executive has a Disability (as such term is defined in Section 5.5).

5.2 Termination by the Executive. The Executive’s employment with the Company, and the Period of Employment, may be terminated by the Executive with no less than thirty (30) days advance written notice to the Company (such notice to be delivered in accordance with Section 18).

5.3 Benefits upon Termination. If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

(a)    The Company shall pay the Executive (or, in the event of his death, the Executive’s estate) any Accrued Obligations (as such term is defined in Section 5.5);

(b)    If, during the Period of Employment and prior to the date on which a Change in Control (as defined in Section 5.5) occurs, the Executive’s employment with the Company terminates as a result of an Involuntary Termination (as such term is defined in Section 5.5), the Executive shall be entitled to the following benefits:

(i)    The Company shall pay the Executive (in addition to the Accrued Obligations), subject to tax withholding and other authorized deductions, an amount equal to One (the “Applicable Multiple”) times the sum of (x) the Executive’s Base Salary at the annualized rate in effect on the Severance Date plus (y) the Target Annual Incentive Bonus amount for the Executive as established by the Company and as in effect on the Severance Date (the “Severance Benefit.”) In the seventh (7^th) month following the month in which the Executive’s Separation from Service (as such term is defined in Section 5.5) occurs, the Company shall pay the Executive a fraction of the aggregate Severance Benefit, where the numerator of such fraction is seven (7) and the denominator of such fraction is the Number of Severance Months. For purposes of this Agreement, the “Number of Severance Months” equals twelve (12) multiplied by the Applicable Multiple. For each month thereafter, commencing with the eighth (8^th) month following the month in which the Executive’s Separation from Service occurs and continuing through and ending with the month which is the Number of Severance Months following the month in which the Executive’s Separation from Service occurs, the Company shall pay the Executive a fraction of the aggregate Severance Benefit, where the numerator of such fraction is one (1) and the denominator of such fraction is the Number of Severance Months. Any fractional payment shall be rounded down to the nearest whole cent.

(ii)    The Company will pay or reimburse the Executive for his premiums charged to continue medical coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), at the same or reasonably equivalent medical coverage for the Executive (and, if applicable, the Executive’s eligible dependents) as in effect immediately prior to the Severance Date, to the extent that the Executive elects such continued coverage; provided that the Company’s obligation to make any payment or reimbursement pursuant to this clause (ii) shall, subject to Section 21(b), commence with continuation coverage for the month following the month in which the Executive’s Severance Date occurs and shall cease with continuation coverage for the twelfth month following the month in which the Executive’s Separation from Service occurs (or, if earlier, shall cease upon the first to occur of the Executive’s death, the date the Executive becomes eligible for coverage under the health plan of a future employer, or the date the Company ceases to offer group medical coverage to its active executive employees or the Company is otherwise under no obligation to offer COBRA continuation coverage to the Executive). To the extent the Executive elects COBRA coverage, he shall notify the Company in writing of such election prior to such coverage taking effect and complete any other continuation coverage enrollment procedures the Company may then have in place;

(iii)    The Company shall promptly pay to the Executive any Incentive Bonus that would otherwise be paid to the Executive had his employment by the Company not terminated with respect to any fiscal year that ended before the Severance Date, to the extent not theretofore paid;

(iv)    At the time the Company pays bonuses with respect to the fiscal year in which the Severance Date occurs (and in all events not later than two and one-half months after the end of such fiscal year), the Company shall pay the Executive the Incentive Bonus that would otherwise have been paid to the Executive with respect to that fiscal year had his employment with the Company not terminated, multiplied by a fraction, the numerator of which is the total number of days in such fiscal year the Executive was employed with the Company and the denominator of which is the total number of days in such fiscal year.

(c)    If, during the Period of Employment, the Executive’s employment with the Company terminates as a result of the Executive’s death or Disability, the Company shall pay the Executive the amounts contemplated by Section 5.3(b)(iii) and (iv).

(d)    Notwithstanding the foregoing provisions of this Section 5.3, if the Executive breaches his obligations under Section 6 of this Agreement, or any obligation under the Confidentiality Agreement, at any time, from and after the date of such breach and not in any way in limitation of any right or remedy otherwise available to the Company, the Executive will no longer be entitled to, and the Company will no longer be obligated to pay, any remaining unpaid portion of the Severance Benefit or any remaining unpaid amount contemplated by Section 5.3(b)(iii), 5.3(b)(iv), or 5.3(c), or to any continued Company-paid or reimbursed coverage pursuant to Section 5.3(b)(ii); provided that, if the Executive provides the Release contemplated by Section 5.4, in no event shall the Executive be entitled to benefits pursuant to Section 5.3(b) or 5.3(c), as applicable, of less than $5,000 (or the amount of such benefits, if less than $5,000), which amount the parties

agree is good and adequate consideration, in and of itself, for the Executive’s Release contemplated by Section 5.4.

(e)    The foregoing provisions of this Section 5.3 shall not affect: (i) the Executive’s receipt of benefits otherwise due terminated employees under group insurance coverage consistent with the terms of the applicable Company welfare benefit plan; (ii) the Executive’s rights under COBRA to continue participation in medical, dental, and hospitalization; or (iii) the Executive’s receipt of benefits otherwise due in accordance with the terms of the Company’s 401(k) plan (if any).

(f)    If a Change in Control occurs, Section 5.3 shall no longer apply as of the date of the Change in Control (other than to the extent Executive’s employment had already terminated prior to such date), and the Executive’s right to receive any severance benefits in connection with a termination of employment upon or after the date of such Change in Control shall be governed by the Change in Control Agreement (as defined in Section 5.5); provided, however, that if the Executive is entitled to any severance benefits under the Change in Control Agreement in connection with a Termination (as such term is defined in the Change in Control Agreement) that occurs within six (6) months prior to a Change in Control as provided in Section 5 of the Change in Control Agreement (a “Pre-CIC Termination”), then (i) any severance benefits otherwise payable to Executive pursuant to Section 6(a)(ii) and (iii) of the Change in Control Agreement shall be reduced on a dollar-for-dollar basis by the amount of any severance benefits Executive becomes entitled to in connection with such termination under Section 5.3(b)(i), (ii) any benefits due to the Executive pursuant to Section 6(b) of the Change in Control Agreement shall be reduced for the number of months (if any) the Executive was provided benefits under Section 5(b)(ii) and Section 5(b)(ii) shall cease to apply with the month in which the Change in Control occurs, and (iii) if the Executive is entitled in connection with such termination to the benefit provided for in Section 5(b)(iv), such provision shall apply and the Executive shall not be entitled to the benefit provided for in Section 6(a)(i) of the Change in Control Agreement. By executing this Agreement, the Executive and the Company agree that the Change in Control Agreement is amended (i) as provided to effect the foregoing provisions of this Section 5(f), and (ii) if the Executive becomes entitled to cash severance as provided in Section 6(a) of the Change in Control Agreement (including cash severance pursuant to the Change in Control Agreement in connection with a Pre-CIC Termination), such cash severance shall be paid in installments in accordance with the schedule set forth in Section 5.3(b)(i) above (but determined applying the Applicable Multiple provided for in the Change in Control Agreement). In addition, the parties hereby agree that if the Executive becomes entitled to payment by the Company of his COBRA premiums as provided in Section 6(b) of the Change in Control Agreement in connection with a Pre-CIC Termination and was not entitled to the benefit provided in Section 5(b)(iv) of this Agreement in connection with such a Pre-CIC Termination, such benefit under Section 6(b) of the Change in Control Agreement shall commence with the month following the month in which the Change in Control occurs.

5.4 Release; Exclusive Remedy.

(a)    This Section 5.4 shall apply notwithstanding anything else contained in this Agreement or any stock option or other equity-based award agreement to the contrary. As a condition precedent to any Company obligation to the Executive pursuant to Section 5.3(b) or 5.3(c) or any other obligation to accelerate vesting of any equity-based award in

connection with the termination of the Executive’s employment, the Executive shall, upon or promptly following his last day of employment with the Company (and in all events within twenty-one (21) days after his last day of employment with the Company), provide the Company with a valid, executed Release, and such Release shall have not been revoked by the Executive pursuant to any revocation rights afforded by applicable law. For these purposes, “Release” means a written release agreement in substantially the form attached as Exhibit A to this Agreement, provided that the Company may make technical changes to such form and may revise such form to reflect changes in law, rules and regulations or otherwise to help ensure that the Release is maximally enforceable under applicable law.

(b)    The Executive agrees that the payments and benefits contemplated by Section 5.3 (and any applicable acceleration of vesting of an equity-based award in accordance with the terms of such award in connection with the termination of the Executive’s employment) shall constitute the exclusive and sole remedy for any termination of his employment and the Executive covenants not to assert or pursue any other remedies, at law or in equity, with respect to any termination of employment. The Executive agrees to resign, on the Severance Date, as an officer and director of the Company and each of its subsidiaries, and as a fiduciary of any benefit plan of the Company or any of its subsidiaries, and to promptly execute and provide to the Company any further documentation, as requested by the Company, to confirm such resignation.

5.5 Certain Defined Terms.

(a)    As used herein, “Accrued Obligations” means:

(i)    any Base Salary that had accrued but had not been paid on or before the Severance Date; and

(ii)    any reimbursement due to the Executive pursuant to Section 4.2 for expenses reasonably incurred by the Executive on or before the Severance Date and documented and pre-approved, to the extent applicable, in accordance with the Company’s expense reimbursement policies in effect at the applicable time.

(b)    As used herein, “Cause” shall mean, as reasonably determined by the Board (excluding the Executive, if he is then a member of the Board) based on the information then known to it, that one or more of the following has occurred:

(i)    the Executive has committed a felony or any crime of moral turpitude (under the laws of the United States or any relevant state, or a similar crime or offense under the applicable laws of any relevant foreign jurisdiction);

(ii)    the Executive has engaged in acts of fraud, dishonesty or other acts of misconduct in the course of his duties hereunder;

(iii)    the Executive has willfully failed to perform or uphold his duties under this Agreement, has been negligent in performing such duties, and/or has willfully failed to comply with reasonable directives of the Board or any superior officer of the Company; or

(iv)    the Executive has breached any Company policy applicable to the Executive, the Confidentiality Agreement, any provision of Section 6, and/or any other contract to which the Executive is a party to with the Company or any of its subsidiaries.

(c)    As used herein, “Change of Control” shall have the meaning given to such term in the Change in Control Agreement.

(d)    As used herein, “Change in Control Agreement” shall mean the Change in Control Agreement by and between the Executive and the Company dated March 14, 2011, as amended.

(e)    As used herein, “Disability” shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the Company, for more than 90 days in any 180-day period, unless a longer period is required by federal or state law, in which case that longer period would apply.

(f)    As used herein, “Involuntary Termination” shall mean a termination of the Executive’s employment by the Company without Cause (and other than due to Executive’s death or in connection with a good faith determination by the Board that the Executive has a Disability).

(g)    As used herein, the term “Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

(h)    As used herein, a “Separation from Service” occurs when the Executive dies, retires, or otherwise has a termination of employment with the Company that constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h)(1), without regard to the optional alternative definitions available thereunder.

5.6. Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. This notice of termination must be delivered in accordance with Section 18 and must indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

5.7 Limitation on Benefits; Company Clawback Policy. Notwithstanding anything else in this Agreement to the contrary, benefits and payments under this Section 5 are subject to Section 7 of the Change in Control Agreement.Any Incentive Bonus paid, as well as any other compensation provided, to Executive will be subject, to the extent applicable in accordance with its terms, to the Company’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law.

6. Protective Covenants. For purposes of clarity, the provisions of this Section 6 are in addition to, not in lieu of, any obligations set forth in the Confidentiality Agreement.

6.1 Cooperation.Following the Executive’s last day of employment by the Company, the Executive shall reasonably cooperate with the Company and its subsidiaries in connection with: (a) any internal or governmental investigation or administrative, regulatory, arbitral or judicial proceeding involving the Company and any subsidiaries with respect to matters relating to the Executive’s employment with or service as a member of the Board or the board of directors of any subsidiary (collectively, “Litigation”); or (b) any audit of the financial statements of the Company or any subsidiary with respect to the period of time when the Executive was employed by the Company or any subsidiary (“Audit”). The Executive acknowledges that such cooperation may include, but shall not be limited to, the Executive making himself available to the Company or any subsidiary (or their respective attorneys or auditors) upon reasonable notice for: (i) interviews, factual investigations, and providing declarations or affidavits that provide truthful information in connection with any Litigation or Audit; (ii) appearing at the request of the Company or any subsidiary to give testimony without requiring service of a subpoena or other legal process; (iii) volunteering to the Company or any subsidiary pertinent information related to any Litigation or Audit; (iv) providing information and legal representations to the auditors of the Company or any subsidiary, in a form and within a time frame requested by the Board, with respect to the Company’s or any subsidiary’s opening balance sheet valuation of intangibles and financial statements for the period in which the Executive was employed by the Company or any subsidiary; and (v) turning over to the Company or any subsidiary any documents relevant to any Litigation or Audit that are or may come into the Executive’s possession. The Company shall reimburse the Executive for reasonable travel expenses incurred in connection with providing the services under this Section 6.1, including lodging and meals, upon the Executive’s submission of receipts.

6.2 Further Condition of Any Severance. The Executive agrees that if the Executive were to become employed by, or substantially involved in, the business of a competitor of the Company or any of its subsidiaries during the twelve (12) month period following the Severance Date, it would be very difficult for the Executive not to rely on or use the Company’s and its subsidiaries’ trade secrets and confidential information. Accordingly, the Company shall have no obligation to pay any Severance Benefit (or any further Severance Benefit, as the case may be, and in each case that may otherwise be or become due) in the event that, during the Period of Employment or at any time in the 12 months after the Severance Date, the Executive, directly or indirectly through any other Person engages in, enters the employ of, renders any services to, has any ownership interest in, or participates in the financing, operation, management or control of, any Competing Business. The Executive agrees that he will not hold any such position or engage in any such activity during the Period of Employment. Compliance with this Section 6.2 is a condition precedent to any Severance Benefit that might otherwise be or become due. For avoidance of doubt, the Company shall not be entitled to monetary damages or injunctive relief in the event of any breach by the Executive of this Section 6.2 following the Severance Date. For purposes of this Agreement, the phrase “directly or indirectly through any other Person engage in” shall include, without limitation, any direct or indirect ownership or profit participation interest in such enterprise, whether as an owner, stockholder, member, partner, joint venturer or otherwise, and shall include any direct or indirect participation in such enterprise as an employee, consultant, director, officer,

licensor of technology or otherwise. For purposes of this Agreement, “Competing Business” means a Person anywhere in the continental United States and elsewhere in the world where the Company and its subsidiaries engage in business, or reasonably anticipate engaging in business, on the Severance Date (the “Restricted Area”) that at any time during the Period of Employment has competed, or any and time during the twelve (12) month period following the Severance Date competes, with the Company or any of its subsidiaries in any business engaged in by the Company or any of its subsidiaries (or which any of them had plans to in the future engage in, which plans were known by or reasonably should have been known by the Executive) as of the Severance Date. Nothing herein shall prohibit the Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as the Executive has no active participation in the business of such corporation.

7. Withholding Taxes. Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such federal, state and local income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation.

8. Successors and Assigns.

(a)    This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives.

(b)    This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Without limiting the generality of the preceding sentence, the Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor or assignee, as applicable, which assumes and agrees to perform this Agreement by operation of law or otherwise.

9. Number and Gender; Examples. Where the context requires, the singular shall include the plural, the plural shall include the singular, and any gender shall include all other genders. Where specific language is used to clarify by example a general statement contained herein, such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates.

10. Section Headings. The section headings of, and titles of paragraphs and subparagraphs contained in, this Agreement are for the purpose of convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation thereof.

11. Governing Law. This Agreement will be governed by and construed in accordance with the laws of the state of California, without giving effect to any choice of law or conflicting provision or rule (whether of the state of California or any other jurisdiction) that would cause the laws of any jurisdiction other than the state of California to be applied. In furtherance of the foregoing, the internal law of the state of California will control the interpretation and construction of this

Agreement, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

12. Severability. It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable under any present or future law, and if the rights and obligations of any party under this Agreement will not be materially and adversely affected thereby, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction, and to this end the provisions of this Agreement are declared to be severable; furthermore, in lieu of such invalid or unenforceable provision there will be added automatically as a part of this Agreement, a legal, valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible. Notwithstanding the foregoing, if such provision could be more narrowly drawn (as to geographic scope, period of duration or otherwise) so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

13. Entire Agreement. This Agreement, together with the attached exhibit, the Confidentiality Agreement, the Change in Control Agreement, and the written Indemnification Agreement by and between Executive and the Company and dated on or about May 19, 2011 (together, the “Integrated Document”), embodies the entire agreement of the parties hereto respecting the matters within its scope. The Integrated Document supersedes all prior and contemporaneous agreements of the parties hereto that directly or indirectly bears upon the subject matter hereof. Any prior negotiations, correspondence, agreements, proposals or understandings relating to the subject matter hereof shall be deemed to have been merged into the Integrated Document, and to the extent inconsistent with the Integrated Document, such negotiations, correspondence, agreements, proposals, or understandings shall be deemed to be of no force or effect. There are no representations, warranties, or agreements, whether express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth in the Integrated Document.

14. Modifications. This Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto.

15. Waiver. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

16. Arbitration. Except as provided in Section 6.2 and 17, Executive and the Company agree that any controversy arising out of or relating to this Agreement, its enforcement or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, or any other controversy arising out of Executive’s employment, including, but not limited to, any state or federal statutory claims, shall be submitted to arbitration in Orange County,

California, before a sole arbitrator (the “Arbitrator”) selected from the American Arbitration Association, as the exclusive forum for the resolution of such dispute; provided, however, that provisional injunctive relief may, but need not, be sought by either party to this Agreement in a court of law while arbitration proceedings are pending, and any provisional injunctive relief granted by such court shall remain effective until the matter is finally determined by the Arbitrator. Final resolution of any dispute through arbitration may include any remedy or relief which the Arbitrator deems just and equitable, including any and all remedies provided by applicable state or federal statutes. At the conclusion of the arbitration, the Arbitrator shall issue a written decision that sets forth the essential findings and conclusions upon which the Arbitrator's award or decision is based. Any award or relief granted by the Arbitrator hereunder shall be final and binding on the parties hereto and may be enforced by any court of competent jurisdiction. The parties acknowledge and agree that they are hereby waiving any rights to trial by jury in any action, proceeding or counterclaim brought by either of the parties against the other in connection with any matter whatsoever arising out of or in any way connected with this Agreement or Executive’s employment.

17. Remedies. Each of the parties to this Agreement and any such person or entity granted rights hereunder whether or not such person or entity is a signatory hereto shall be entitled to enforce its rights under this Agreement specifically to recover damages and costs for any breach of any provision of this Agreement and to exercise all other rights existing in its favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that each party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance, injunctive relief and/or other appropriate equitable relief (without posting any bond or deposit) in order to enforce or prevent any violations of the provisions of this Agreement. Each party shall be responsible for paying its own attorneys’ fees, costs and other expenses pertaining to any such legal proceeding and enforcement regardless of whether an award or finding or any judgment or verdict thereon is entered against either party.

18. Notices. Any notice provided for in this Agreement must be in writing and must be either personally delivered, transmitted via telecopier, mailed by first class mail (postage prepaid and return receipt requested) or sent by reputable overnight courier service (charges prepaid) to the recipient at the address below indicated or at such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. Notices will be deemed to have been given hereunder and received when delivered personally, when received if transmitted via telecopier, five days after deposit in the U.S. mail and one day after deposit with a reputable overnight courier service.

if to the Company:

CoreLogic, Inc.

40 Pacifica, Suite 900

Irvine, California 92618

Attention: General Counsel

if to the Executive, to the address most recently on file in the payroll records of the Company.

19. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which

together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.

20. Legal Counsel; Mutual Drafting. Each party recognizes that this is a legally binding contract and acknowledges and agrees that they have had the opportunity to consult with legal counsel of their choice. Each party has cooperated in the drafting, negotiation and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such language. The Executive agrees and acknowledges that he has read and understands this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior to entering into this Agreement and has had ample opportunity to do so.

21. Section 409A.

(a)    It is intended that any amounts payable under this Agreement shall either be exempt from or comply with Section 409A of the Code (including the Treasury regulations and other published guidance relating thereto) (“Code Section 409A”) so as not to subject the Executive to payment of any additional tax, penalty or interest imposed under Code Section 409A. The provisions of this Agreement shall be construed and interpreted to avoid the imputation of any such additional tax, penalty or interest under Code Section 409A yet preserve (to the nearest extent reasonably possible) the intended benefit payable to the Executive. Any installment payment payable pursuant to this Agreement shall be treated as separate payments for purposes of Code Section 409A.

(b)    If the Executive is a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i) as of the date of the Executive’s Separation from Service, the Executive shall not be entitled to any payment or benefit pursuant to Section 5.3(b) or (c) until the earlier of (i) the date which is six (6) months after his or her Separation from Service for any reason other than death, or (ii) the date of the Executive’s death. The provisions of this Section 21(b) shall only apply if, and to the extent, required to avoid the imputation of any tax, penalty or interest pursuant to Code Section 409A. Any amounts otherwise payable to the Executive upon or in the six (6) month period following the Executive’s Separation from Service that are not so paid by reason of this Section 21(b) shall be paid (without interest) as soon as practicable (and in all events within thirty (30) days) after the date that is six (6) months after the Executive’s Separation from Service (or, if earlier, as soon as practicable, and in all events within thirty (30) days, after the date of the Executive’s death).

(c)    To the extent that any benefits pursuant to Section 5.3(b)(ii) or reimbursements pursuant to Section 4.2 or Section 6.1 are taxable to the Executive, any reimbursement payment due to the Executive pursuant to any such provision shall be paid to the Executive on or before the last day of the Executive’s taxable year following the taxable year in which the related expense was incurred. The benefits and reimbursements pursuant to such provisions are not subject to liquidation or exchange for another benefit and the amount of such benefits and reimbursements that the Executive receives in one taxable year shall not affect the amount of such benefits or reimbursements that the Executive receives in any other taxable year.

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IN WITNESS WHEREOF, the Company and the Executive have executed this Agreement as of the Effective Date.

“COMPANY”

CoreLogic, Inc.,

a Delaware corporation

By:     /s/ Anand Nallathambi            

Name:     Anand Nallathambi

Title:     President and Chief Executive Officer

“EXECUTIVE”

/s/ James Balas                                    James L. Balas

EXHIBIT A

Form of Release

1.    Release by the Executive. [____________] (the “Executive”), on his own behalf and on behalf of his descendants, dependents, heirs, executors, administrators, assigns and successors, and each of them, hereby acknowledges full and complete satisfaction of and releases and discharges and covenants not to sue CoreLogic, Inc. (the “Company”), its divisions, subsidiaries, parents, or affiliated corporations, past and present, and each of them, as well as its and their assignees, successors, directors, officers, stockholders, partners, representatives, attorneys, agents or employees, past or present, or any of them (individually and collectively, “Releasees”), from and with respect to any and all claims, agreements, obligations, demands and causes of action, known or unknown, suspected or unsuspected, arising out of or in any way connected with the Executive’s employment or any other relationship with or interest in the Company or the termination thereof, including without limiting the generality of the foregoing, any claim for severance pay, profit sharing, bonus or similar benefit, pension, retirement, life insurance, health or medical insurance or any other fringe benefit, or disability, or any other claims, agreements, obligations, demands and causes of action, known or unknown, suspected or unsuspected resulting from any act or omission by or on the part of Releasees committed or omitted prior to the date of this General Release Agreement (this “Agreement”) set forth below, including, without limiting the generality of the foregoing, any claim under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, or any other federal, state or local law, regulation or ordinance (collectively, the “Claims”); provided, however, that the foregoing release does not apply to any obligation of the Company to the Executive pursuant to any of the following: (1) Section 5.3 of the Employment Agreement dated as of [__________, 20__] by and between the Company and the Executive (the “Employment Agreement”); (2) any equity-based awards previously granted by the Company to the Executive, to the extent that such awards continue after the termination of the Executive’s employment with the Company in accordance with the applicable terms of such awards; (3) any right to indemnification that the Executive may have

pursuant to the Company’s bylaws, its corporate charter or under any written indemnification agreement with the Company (or any corresponding provision of any subsidiary or affiliate of the Company) with respect to any loss, damages or expenses (including but not limited to attorneys’ fees to the extent otherwise provided) that the Executive may in the future incur with respect to his service as an employee, officer or director of the Company or any of its subsidiaries or affiliates; (4) with respect to any rights that the Executive may have to insurance coverage for such losses, damages or expenses under any Company (or subsidiary or affiliate) directors and officers liability insurance policy; (5) any rights to continued medical and dental coverage that the Executive may have under COBRA; or (6) any rights to payment of benefits that the Executive may have under a retirement plan sponsored or maintained by the Company that is intended to qualify under Section 401(a) of the Internal Revenue Code of 1986, as amended. In addition, this release does not cover any Claim that cannot be so released as a matter of applicable law. The Executive acknowledges and agrees that he has received any and all leave and other benefits that he has been and is entitled to pursuant to the Family and Medical Leave Act of 1993.

2.    Acknowledgement of Payment of Wages. Except for accrued vacation (which the parties agree totals approximately ___ days of pay) and salary for the current pay period, the Executive acknowledges that he has received all amounts owed for his regular and usual salary (including, but not limited to, any bonus, severance, or other wages), and usual benefits through the date of this Agreement.

3.    Waiver of Civil Code Section 1542. This Agreement is intended to be effective as a general release of and bar to each and every Claim hereinabove specified. Accordingly, the Executive hereby expressly waives any rights and benefits conferred by Section 1542 of the California Civil Code and any similar provision of any other applicable state law as to the Claims. Section 1542 of the California Civil Code provides:

“A GENERAL RELEASE DOES NOT EXTEND TO A CLAIM WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

The Executive acknowledges that he later may discover claims, demands, causes of action or facts in addition to or different from those which the Executive now knows or believes to exist with respect to the subject matter of this Agreement and which, if known or suspected at the time of executing this Agreement, may have materially affected its terms. Nevertheless, the Executive hereby waives, as to the Claims, any claims, demands, and causes of action that might arise as a result of such different or additional claims, demands, causes of action or facts.

4.    ADEA Waiver. The Executive expressly acknowledges and agrees that by entering into this Agreement, he is waiving any and all rights or claims that he may have arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), which have arisen on or before the date of execution of this Agreement. The Executive further expressly acknowledges and agrees that:

(a)He is hereby advised in writing by this Agreement to consult with an attorney before signing this Agreement;

(b)He was given a copy of this Agreement on [____________] and informed that he had twenty-one (21) days within which to consider this Agreement and that if he wished to executive this Agreement prior to expiration of such 21-day period, he should execute the Acknowledgement and Waiver attached hereto as Exhibit A-1;

(c)Nothing in this Agreement prevents or precludes the Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized by federal law; and

(d)He was informed that he has seven (7) days following the date of execution of this Agreement in which to revoke this Agreement, and this Agreement will become null and void if the Executive elects revocation during that time. Any revocation must be in writing, addressed to the Company’s Chief Executive Officer and delivered in accordance with the notice provisions of the Employment Agreement, and must be received by the Company during the seven-day revocation period. In the event that the Executive exercises his right of revocation, neither the Company nor the Executive will have any obligations under this Agreement.

5.    Restricted Stock Unit. As part of Executive’s employment, Executive was awarded restricted stock units pursuant to the terms of a Restricted Stock Unit Award Agreement and The CoreLogic, Inc. 2006 Incentive Compensation Plan or the plan in effect from time to time (collectively, the "Plan Documents"), the terms of which are incorporated herein by reference. This Agreement shall constitute a separation agreement for purposes of determining the Period of Restriction, as defined in the Plan Documents. If Executive signs and returns this Agreement, the Period of Restriction applicable to Executive’s outstanding, unvested restricted stock units will lapse as provided in, and subject to the provisions of, the Plan Documents. Executive agrees that Executive will not engage in Detrimental Activity, as defined in the Restricted Stock Unit Award Agreement.

6.    No Transferred Claims. The Executive represents and warrants to the Company that he has not heretofore assigned or transferred to any person not a party to this Agreement any released matter or any part or portion thereof.

7.    Miscellaneous. The following provisions shall apply for purposes of this Agreement:

(a)    Number and Gender.Where the context requires, the singular shall include the plural, the plural shall include the singular, and any gender shall include all other genders.

(b)    Section Headings.The section headings of, and titles of paragraphs and subparagraphs contained in, this Agreement are for the purpose of convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation thereof.

(c)    Governing Law.This Agreement shall be governed by and construed in accordance with the laws of the State of _______, without giving effect to any choice of law or conflicting provision or rule (whether of the State of ________ or any other jurisdiction) that would cause the laws of any jurisdiction other than the State of ______ to be applied. In furtherance of the foregoing, the internal law of the State of _______ will control the interpretation and construction of this agreement, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

(d)    Severability.It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable under any present or future law, and if the rights and obligations of

any party under this Agreement will not be materially and adversely affected thereby, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction, and to this end the provisions of this Agreement are declared to be severable; furthermore, in lieu of such invalid or unenforceable provision there will be added automatically as a part of this Agreement, a legal, valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible. Notwithstanding the foregoing, if such provision could be more narrowly drawn (as to geographic scope, period of duration or otherwise) so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.

(e)    Modifications.This Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto.

(f)    Waiver. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

(g)    Arbitration.The Executive and the Company agree that any controversy or claim arising out of or relating to this Agreement, its enforcement or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, or any other controversy or claim arising out of Executive’s employment, including, but not limited to, any state or federal statutory claims, shall be submitted to arbitration in accordance with the arbitration and dispute resolution provisions set forth in the Employment Agreement.

(h)    Counterparts.This Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.

[Remainder of page intentionally left blank]

The undersigned have read and understand the consequences of this Agreement and voluntarily sign it. The undersigned declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

EXECUTED this ________ day of ________ 20___, at ______________________ County, __________.

“EXECUTIVE”

[___________]

EXECUTED this ________ day of ________ 20___, at ______________________ County, __________.

“COMPANY”

CORELOGIC, INC.

By:    

[Name]

[Title]

EXHIBIT A-1

ACKNOWLEDGMENT AND WAIVER

I, _______________, hereby acknowledge that I was given 21 days to consider the foregoing General Release Agreement and voluntarily chose to sign the General Release Agreement prior to the expiration of the 21-day period.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

EXECUTED this ___ day of ____________ 20___, at ___________ County, _________.

[_____________]

EX-10.2

EXHIBIT 10.2

Corporate Office 40 Pacifica, Suite 900 Irvine, California 92618 USA

April 15, 2016

Frank D. Martell

40 Pacifica, Suite 900

Irvine, CA 92618

RE: Amendment to Employment Agreement

Dear Frank:

Following our discussions, this letter (this “Letter”), effective as of April 8, 2016, describes certain changes to the terms and conditions of your employment and, once signed, will serve as an amendment to the Employment Agreement between you and CoreLogic, Inc. (the “Company”), dated August 29, 2011, as amended (the “Employment Agreement”). Any terms used in this Letter that are not defined herein have the definition ascribed to them in the Employment Agreement. Note that you are referenced as “the Executive” herein.

This Letter, when fully executed, together with the Employment Agreement, which specifically incorporates the Confidential Information and Inventions Agreement you executed, the Change of Control Agreement you executed, and corporate policies of the Company, along with the Indemnification Agreement you executed, reflects the entire agreement regarding the terms and conditions of your employment. Unless expressly modified by this Letter, the terms and conditions of the Employment Agreement will remain the same. To the extent that the terms of this Letter are inconsistent with the terms of your Employment Agreement, this Letter supersedes the terms of your Employment Agreement.

Section 1.2 of the Employment Agreement is hereby amended and restated in its entirety as follows:

Duties. Following the appointment by the Company’s Board of Directors, the Executive shall serve as the Chief Operating Officer (“COO”) and shall have such other duties and responsibilities as the Chief Executive Officer of Company (the “CEO”) shall determine from time to time. The Executive shall be subject to the corporate policies of the Company as they are in effect from time to time throughout the Period of Employment (including, without limitation, the Company’s Code of Conduct, as it may change from time to time). During the Period of Employment, the Executive shall report solely to the CEO.

By executing this Letter, you confirm your decision to accept the amendments to the terms of your Employment Agreement and you agree that your employment will be governed by the Employment Agreement, as amended by this Letter.

I have provided you two originals of this letter. Please sign both originals, and return one original to me no later than April 22, 2016.

Very truly yours,

CoreLogic, Inc.

/s/ Anand Nallathambi

Anand K. Nallathambi

President & Chief Executive Officer

Read, understood, consented, and agreed as of this 3rd day of July, 2016:

/s/ Frank D. Martell                

Frank D. Martell

Page | 2

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Anand Nallathambi, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CoreLogic, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 26, 2016

By: /s/  Anand Nallathambi

Anand Nallathambi

President and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, James L. Balas, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CoreLogic, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 26, 2016

By: /s/ James L. Balas

James L. Balas

Chief Financial Officer

(Principal Financial & Accounting Officer)

EX-32.1

Exhibit 32.1

Certification pursuant to 18 U.S.C. Section 1350,

as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Form 10-Q of CoreLogic, Inc. (the “Company”) for the period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Anand Nallathambi, President, Chief Executive Officer and Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable of the Securities Exchange Act of 1934, as amended; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/   Anand Nallathambi
Anand Nallathambi
President and Chief Executive Officer
(Principal Executive Officer)
Date:	July 26, 2016

The foregoing certification is being furnished solely to accompany the Report pursuant to 18 U.S.C. §1350, and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

EX-32.2

Exhibit 32.2

Certification pursuant to 18 U.S.C. Section 1350,

as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Form 10-Q of CoreLogic, Inc. (the “Company”) for the period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, James L. Balas, Chief Financial Officer and Principal Financial & Accounting Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ James L. Balas
James L. Balas
Chief Financial Officer
(Principal Financial & Accounting Officer)
Date:	July 26, 2016

The foregoing certification is being furnished solely to accompany the Report pursuant to 18 U.S.C. §1350, and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 25, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	CORELOGIC, INC.
Entity Central Index Key	0000036047
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		88,296,578

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 72,367	$ 99,090
Marketable securities	22,570	22,709
Accounts receivable (less allowance for doubtful accounts of $7,633 and $6,212 as of June 30, 2016 and December 31, 2015, respectively)	267,089	240,988
Prepaid expenses and other current assets	70,107	45,882
Income tax receivable	8,756	37,029
Deferred income tax assets, current	0	95,887
Assets of discontinued operations	681	681
Total current assets	441,570	542,266
Property and equipment, net	455,438	375,654
Goodwill, net	2,099,173	1,881,547
Other intangible assets, net	507,795	352,148
Capitalized data and database costs, net	330,762	327,841
Investment in affiliates, net	63,348	69,205
Deferred income tax assets, long-term	2,240	2,219
Restricted cash	11,009	10,926
Other assets	107,987	111,910
Total assets	4,019,322	3,673,716
Current liabilities:
Accounts payable and accrued expenses	175,461	158,213
Accrued salaries and benefits	84,241	117,187
Deferred revenue, current	280,461	269,071
Mandatorily redeemable noncontrolling interests	0	18,981
Current portion of long-term debt	43,863	48,497
Liabilities of discontinued operations	2,506	2,527
Total current liabilities	586,532	614,476
Long-term debt, net of current	1,584,947	1,288,177
Deferred revenue, net of current	459,765	448,819
Deferred income tax liabilities, long term	101,881	107,249
Other liabilities	175,938	165,505
Total liabilities	2,909,063	2,624,226
CoreLogic stockholders' equity:
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.00001 par value; 180,000 shares authorized; 88,293 and 88,228 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	1	1
Additional paid-in capital	542,101	551,206
Retained earnings	686,301	618,399
Accumulated other comprehensive loss	(118,144)	(120,116)
Total CoreLogic stockholders' equity	1,110,259	1,049,490
Total liabilities and equity	$ 4,019,322	$ 3,673,716

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Allowance for doubtful accounts	$ 7,633	$ 6,212
Equity:
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	180,000,000	180,000,000
Common stock, shares issued (in shares)	88,293,000	88,228,000
Common stock, shares outstanding (in shares)	88,293,000	88,228,000

XML

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Operating revenues	$ 500,204	$ 386,013	$ 953,747	$ 750,784
Cost of services (excluding depreciation and amortization shown below)	264,731	189,743	510,110	375,286
Selling, general and administrative expenses	116,667	98,291	227,877	192,276
Depreciation and amortization	43,291	37,272	82,935	73,250
Total operating expenses	424,689	325,306	820,922	640,812
Operating income	75,515	60,707	132,825	109,972
Interest expense:
Interest income	557	882	1,186	2,340
Interest expense	18,401	17,480	32,681	31,315
Total interest expense, net	(17,844)	(16,598)	(31,495)	(28,975)
Gain/(loss) on investments and other, net	2,958	(1,356)	2,707	(1,047)
Income from continuing operations before equity in earnings of affiliates and income taxes	60,629	42,753	104,037	79,950
Provision for income taxes	20,283	14,156	36,062	25,622
Income from continuing operations before equity in earnings of affiliates	40,346	28,597	67,975	54,328
Equity in earnings/(losses) of affiliates, net of tax	78	4,667	(11)	8,434
Net income from continuing operations, net of tax	40,424	33,264	67,964	62,762
Loss from discontinued operations, net of tax	(4)	(217)	(62)	(329)
Net income	40,420	33,047	67,902	62,433
Less: Net income attributable to noncontrolling interests	0	258	0	465
Net income/(loss) attributable to CoreLogic	40,420	32,789	67,902	61,968
Amounts attributable to Corelogic stockholders:
Net income from continuing operations	40,424	33,006	67,964	62,297
Loss from discontinued operations, net of tax	(4)	(217)	(62)	(329)
Net income/(loss) attributable to CoreLogic	$ 40,420	$ 32,789	$ 67,902	$ 61,968
Basic income/(loss) per share:
Net income from continuing operations (usd per share)	$ 0.46	$ 0.37	$ 0.77	$ 0.69
Loss from discontinued operations, net of tax (usd per share)	0.00	0.00	0.00	0.00
Net income attributable to CoreLogic (usd per share)	0.46	0.37	0.77	0.69
Diluted income/(loss) per share:
Net income from continuing operations (usd per share)	0.45	0.36	0.76	0.68
Loss from discontinued operations, net of tax (usd per share)	0.00	0.00	0.00	0.00
Net income attributable to CoreLogic (usd per share)	$ 0.45	$ 0.36	$ 0.76	$ 0.68
Weighted-average common shares outstanding:
Basic (in shares)	88,572	89,654	88,441	89,702
Diluted (in shares)	89,968	90,963	89,947	91,038

XML

Condensed Consolidated Statements of Comprehensive Income (Unaudited) Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 40,420	$ 33,047	$ 67,902	$ 62,433
Other comprehensive (loss)/income
Market value adjustments to marketable securities, net of tax	(480)	1,143	(86)	948
Market value adjustments on interest rate swap, net of tax	(439)	1,113	(3,038)	(1,067)
Foreign currency translation adjustments	(6,285)	630	5,309	(21,146)
Supplemental benefit plans adjustments, net of tax	(107)	(98)	(213)	(195)
Total other comprehensive (loss)/income	(7,311)	2,788	1,972	(21,460)
Comprehensive income	33,109	35,835	69,874	40,973
Less: Comprehensive income attributable to the noncontrolling interests	0	258	0	465
Comprehensive income attributable to CoreLogic	$ 33,109	$ 35,577	$ 69,874	$ 40,508

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 67,902	$ 62,433
Less: Loss from discontinued operations, net of tax	(62)	(329)
Net income from continuing operations	67,964	62,762
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	82,935	73,250
Amortization of debt issuance costs	2,966	3,428
Provision for bad debt and claim losses	6,927	5,754
Share-based compensation	19,318	18,539
Excess tax benefit related to stock options	(1,816)	(5,641)
Equity in losses/(earnings) of affiliates, net of taxes	11	(8,434)
Gain on sale of property and equipment	(16)	0
Loss on early extinguishment of debt	0	1,589
Deferred income tax	9,048	(1,113)
(Gain)/loss on investments and other, net	(2,707)	1,047
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable	(20,473)	(52,792)
Prepaid expenses and other current assets	(18,126)	(1,561)
Accounts payable and accrued expenses	(21,620)	(16,582)
Deferred revenue	22,147	46,724
Income taxes	27,461	(3,355)
Dividends received from investments in affiliates	6,921	16,488
Other assets and other liabilities	(7,612)	(6,976)
Net cash provided by operating activities - continuing operations	173,328	133,127
Net cash used in operating activities - discontinued operations	(84)	(7,372)
Total cash provided by operating activities	173,244	125,755
Cash flows from investing activities:
Purchase of subsidiary shares from and other decreases in noncontrolling interests	(18,023)	0
Purchases of property and equipment	(27,858)	(21,496)
Purchases of capitalized data and other intangible assets	(17,927)	(18,707)
Cash paid for acquisitions, net of cash acquired	(396,816)
Purchases of investments	(615)	(2,516)
Proceeds from sale of property and equipment	16	0
Change in restricted cash	(83)	654
Net cash used in investing activities - continuing operations	(461,306)	(42,065)
Net cash provided by investing activities - discontinued operations	0	0
Total cash used in investing activities	(461,306)	(42,065)
Cash flows from financing activities:
Proceeds from long-term debt	390,000	14,375
Debt issuance costs	0	(6,452)
Repayment of long-term debt	(101,665)	(36,078)
Proceeds from issuance of shares in connection with share-based compensation	9,801	18,109
Tax withholdings related to net share settlements	(9,098)	(12,742)
Shares repurchased and retired	(29,126)	(58,720)
Excess tax benefit related to stock options	1,816	5,641
Net cash provided by/(used in) financing activities - continuing operations	261,728	(75,867)
Net cash provided by financing activities - discontinued operations	0	0
Total cash provided by/(used in) financing activities	261,728	(75,867)
Effect of exchange rate on cash	(389)	1,132
Net change in cash and cash equivalents	(26,723)	8,955
Cash and cash equivalents at beginning of period	99,090	104,677
Less: Change in cash and cash equivalents - discontinued operations	(84)	(7,372)
Plus: Cash swept to discontinued operations	(84)	(7,876)
Cash and cash equivalents at end of period	72,367	113,128
Supplemental disclosures of cash flow information:
Cash paid for interest	31,180	33,593
Cash paid for income taxes	3,438	23,659
Cash refunds from income taxes	415	2,816
Non-cash investing activities:
Capital expenditures included in accounts payable and accrued liabilities	$ 3,775	$ 4,262

XML

Condensed Consolidated Statement of Stockholder's Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balance, Shares at Dec. 31, 2015	88,228	88,228
Beginning Balance at Dec. 31, 2015	$ 1,049,490	$ 1	$ 551,206	$ 618,399	$ (120,116)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	67,902			67,902
Shares issued in connection with share-based compensation (shares)		865
Shares issued in connection with share-based compensation (value)	9,801		9,801
Tax withholdings related to net share settlements of restricted stock units	(9,098)		(9,098)
Share-based compensation	19,318		19,318
Shares repurchased and retired, shares		(800)
Shares repurchased and retired	(29,126)		(29,126)
Other comprehensive income	$ 1,972				1,972
Ending Balance, Shares at Jun. 30, 2016	88,293	88,293
Ending Balance at Jun. 30, 2016	$ 1,110,259	$ 1	$ 542,101	$ 686,301	$ (118,144)

XML

Basis of Condensed Consolidated Financial Statements

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Condensed Consolidated Financial Statements

Basis of Condensed Consolidated Financial Statements

CoreLogic, Inc., together with its subsidiaries (collectively "we", "us" or "our"), is a leading global property information, analytics and data-enabled solutions provider operating in North America, Western Europe and Asia Pacific. Our combined data from public, contributory and proprietary sources provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets we serve include real estate and mortgage finance, insurance, capital markets and the public sector. We deliver value to clients through unique data, analytics, work flow technology, advisory and managed solutions. Clients rely on us to help identify and manage growth opportunities, improve performance and mitigate risk.

Our condensed consolidated financial information included in this report has been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the condensed consolidated financial statements and accompanying notes. Actual amounts may differ from these estimated amounts. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The 2015 year-end condensed consolidated balance sheet was derived from the Company's audited financial statements for the year ended December 31, 2015. Interim financial information does not require the inclusion of all the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2015.

The accompanying unaudited condensed consolidated interim financial statements reflect all adjustments, consisting of only normal recurring items which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for the full year or for any future periods.

Client Concentration

We generate the majority of our revenues from clients with operations in the U.S. residential real estate, mortgage origination and mortgage servicing markets. Approximately 43.0% and 38.0% of our operating revenues for the three months ended June 30, 2016 and 2015, respectively, and approximately 43.0% and 34.0% of our operating revenues for the six months ended June 30, 2016 and 2015, respectively, were generated from our ten largest clients, who consist of the largest U.S. mortgage originators and servicers. Two of our clients accounted for approximately 15.0% and 11.0% of our operating revenues for the three months ended June 30, 2016, and approximately 14.0% and 12.0% of our operating revenues for the six months ended June 30, 2016. No client accounted for 10.0% or more of our operating revenues for the three and six months ended June 30, 2015.

Out-of-Period Adjustment

During the first quarter of 2015, we identified an error which overstated our interest expense by $5.2 million ($3.1 million, net of tax), reflected within continuing operations, for the year ended December 31, 2014. We recorded an out-of-period adjustment to correct the error in the quarter ended March 31, 2015, which increased basic and diluted net income per share by $0.03. We assessed the materiality of this error and concluded the error was not material to the results of operations or financial condition for the prior annual or interim periods.

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. Specifically, foreign currency translation adjustments, amounts related to supplemental benefit plans, unrealized gains and losses on interest rate swap transactions and unrealized gains and losses on investment are recorded in other comprehensive income/(loss).

The following table shows the components of accumulated other comprehensive loss, net of taxes as of June 30, 2016 and December 31, 2015:

	2016			2015
Cumulative foreign currency translation	$	(109,117	)	$	(114,427	)
Cumulative supplemental benefit plans	(3,753		)	(3,540		)
Net unrecognized losses on interest rate swap	(5,737		)	(2,699		)
Net unrealized gains on marketable securities	463			550
Accumulated other comprehensive loss	$	(118,144	)	$	(120,116	)

Marketable Securities

Debt securities are carried at fair value and consist primarily of investments in obligations of various corporations and mortgage-backed securities. Equity securities are carried at fair value and consist primarily of investments in marketable common and preferred stock. We classify our publicly traded debt and equity securities as available-for-sale and carry them at fair value with unrealized gains or losses classified as a component of accumulated other comprehensive loss. As of June 30, 2016 and December 31, 2015, our marketable securities consisted primarily of investments in preferred stock of $22.6 million and $22.7 million, respectively. There were no gains or losses recognized on sales of marketable securities for the three and six months ended June 30, 2016 and 2015.

Mandatorily Redeemable Noncontrolling Interest

Mandatorily redeemable noncontrolling interests for which there is a contractual requirement for purchasing the interest are included as a liability of NZD$27.8 million, or $19.0 million, in our accompanying condensed consolidated balance sheet as of December 31, 2015. In January 2016, we acquired the remaining 40.0% interest in New Zealand-based Property IQ Ltd. ("PIQ") and settled the mandatorily redeemable noncontrolling interest. See Note 12 - Acquisitions for further discussion.

Tax Escrow Disbursement Arrangements

We administer tax escrow disbursements as a service to our clients in connection with our tax services business. These deposits are maintained in segregated accounts for the benefit of our clients. Tax escrow deposits totaled $804.9 million as of June 30, 2016 and $340.3 million as of December 31, 2015. Because these deposits are held on behalf of our clients, they are not our funds and, therefore, are not included in the accompanying condensed consolidated balance sheets.

These deposits generally remain in the accounts for a period of two to five business days and we invest the funds in a highly-rated, liquid investment, such as bank deposit products or AAA-rated money market funds. We earn interest income or earnings credits from these investments and bear the risk of any losses. However, we have not historically incurred any investment losses and do not anticipate incurring any future investment losses. As a result, we do not maintain any reserves for losses in value of these investments.

Under our contracts with our clients, if we make a payment in error or fail to pay a taxing authority when a payment is due, we could be held liable to our clients for all or part of the financial loss they suffer as a result of our act or omission. We maintained claim reserves relating to incorrect disposition of assets of $19.3 million and $21.2 million as of June 30, 2016 and December 31, 2015, respectively, which is reflected in our accompanying condensed consolidated balance sheets as a component of other liabilities.

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance for accounting of credit losses affecting the impairment model for most financial assets and certain other instruments. Entities will be required to use a new forward-looking current expected credit loss model for trade and other receivables, held-to-maturity debt securities, loans and other instruments, which will generally lead to an earlier recognition of loss allowances. Entities will recognize losses on available-for-sale debt securities as allowances rather than a reduction in amortized cost of the security while the measurement process of this loss does not change. Disclosure requirements are expanded regarding an entity’s assumptions, models and methods of estimations of the allowance. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance to simplify some provisions in stock compensation accounting. The accounting for income taxes allows all excess tax benefits and tax deficiencies to be recognized through income tax expense. The statement of cash flows presentation of excess tax benefits should be classified with other income tax cash flows as an operating activity. An entity may also make an entity-wide election to either continue estimating the number of awards that are expected to vest or account for forfeitures as they occur. The requirements to qualify for equity classification permits tax withholding up to the maximum statutory tax rates in the applicable jurisdictions. Lastly, payments of cash by an employer for tax-withholding purposes, when directly withholding shares, are classified as a financing activity on the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on equity method accounting related to joint venture investments. The standard eliminates the requirement to retroactively adopt the equity method of accounting as a result of an increase in the level of ownership or degree of influence related to an investment. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on derivatives and hedging. The standard clarifies the four-step decision sequence required for assessing whether contingent put and call options that can speed up the payment for a debt instrument’s principal are clearly and closely related to the debt to which they are attached. The standard also clarifies that provided all other hedge accounting criteria continue to be met, a change in the counterparty to a derivative instrument does not in itself disqualify designation of the hedge. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued guidance on lease accounting. The standard requires all leases in excess of 12-months to be recognized on the balance sheet as lease assets and lease liabilities. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not changed significantly from prior GAAP. For operating leases, a lessee is required to 1) recognize a right-of-use asset and lease liability, initially measured at the present value of the lease payment, 2) recognize a single lease cost over the lease term generally on a straight-line basis, and 3) classify all cash payments within operating activities on the cash flow statement. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We are currently evaluating the impact of the adoption of this guidance on our consolidated financial statements.

In January 2016, the FASB issued guidance on accounting for equity investments and financial liabilities. The standard does not apply to equity method investments or investments in consolidated subsidiaries. The update provides that equity investments with readily determinable values be measured at fair value and changes in the fair value flow through net income. These changes historically have run through other comprehensive income. Equity investments without readily determinable fair values have the option to be measured at fair value or at cost adjusted for changes in observable prices minus impairment. Changes in either method are also recognized in net income. The standard requires a qualitative assessment of impairment indicators at each reporting period. For financial liabilities, entities that elect the fair value option must recognize the change in fair value attributable to instrument-specific credit risk in other comprehensive income rather than net income. Lastly, regarding deferred tax assets, the need for a valuation allowance on a deferred tax asset will need to be assessed related to available-for-sale debt securities. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued guidance which requires all deferred tax assets and liabilities, as well as any related valuation allowance, to be classified as non-current on the balance sheet. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years and earlier adoption is permitted. As of March 31, 2015, we elected early adoption on a prospective basis and, as of June 30, 2016, we presented $2.2 million of deferred income tax assets, long term and $101.9 million of deferred income tax liabilities, long term in the accompanying condensed consolidated balance sheet.

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Investments in Affiliates, Net

6 Months Ended

Jun. 30, 2016

Equity Method Investments and Joint Ventures [Abstract]

Investments in Affiliates, Net

Investment in Affiliates, Net

Investments in affiliates are accounted for under the equity method of accounting when we are deemed to have significant influence over the affiliate but do not control or have a majority voting interest in the affiliate. Investments are carried at the cost of acquisition, including subsequent capital contributions and loans from us, plus our equity in undistributed earnings or losses since inception of the investment.

One of our subsidiaries previously owned a 50.1% interest in RELS LLC ("RELS"), a provider of appraisals and appraisal management services used in connection with mortgage loan originations. This investment contributed 85.9% and 84.9% of our total equity in earnings of affiliates, net of tax, for the three and six months ended June 30, 2015, respectively. We acquired the remaining interest in RELS in December 2015. See Note 12 - Acquisitions for further discussion. The following summarizes the financial information for this investment (assuming 100% ownership interest):

	For the Three Months Ended		For the Six Months Ended
(in thousands)	June 30, 2015		June 30, 2015
Statements of income
Total revenues	$	69,759	$	128,205
Expenses and other	56,806		105,068
Net income attributable to RELS LLC	$	12,953	$	23,137
CoreLogic equity in earnings of affiliate	$	6,489	$	11,592

We recorded equity in earnings of affiliates, net of tax of $0.1 million and $4.7 million for the three months ended June 30, 2016 and 2015, respectively, and equity in losses of affiliates, net of tax of less than $0.1 million and equity in earnings of affiliates, net of tax of $8.4 million for the six months ended June 30, 2016 and 2015, respectively. For the three months ended June 30, 2016 and 2015, we recorded $2.7 million and $5.2 million, respectively, of operating revenues and $2.9 million and $3.1 million, respectively, of operating expenses related to our investment in affiliates. In addition, for the six months ended June 30, 2016 and 2015, we recorded $5.2 million and $9.4 million, respectively, of operating revenues and $5.5 million and $6.5 million, respectively, of operating expenses related to our investment in affiliates.

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Property and Equipment, Net

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net as of June 30, 2016 and December 31, 2015 consists of the following:

(in thousands)	2016			2015
Land	$	7,476		$	4,000
Buildings	6,294			111
Furniture and equipment	62,308			62,140
Capitalized software	865,957			759,925
Leasehold improvements	31,135			29,038
	973,170			855,214
Less accumulated depreciation	(517,732		)	(479,560		)
Property and equipment, net	$	455,438		$	375,654

Depreciation expense for property and equipment was approximately $21.4 million and $19.2 million for the three months ended June 30, 2016 and 2015, respectively, and $40.6 million and $37.1 million for the six months ended June 30, 2016 and 2015, respectively.

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Goodwill, Net

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Net

Goodwill, Net

A reconciliation of the changes in the carrying amount of goodwill and accumulated impairment losses, by operating segment and reporting unit, for the six months ended June 30, 2016, is as follows:

(in thousands)	PI			RMW			Consolidated
Balance as of January 1, 2016
Goodwill	$	963,680		$	925,392		$	1,889,072
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	963,080			918,467			1,881,547
Acquisitions	212,450			—			212,450
Translation adjustments	5,176			—			5,176
Balance as of June 30, 2016
Goodwill, net	$	1,180,706		$	918,467		$	2,099,173

In April 2016, we recorded $211.5 million of goodwill, within our Property Intelligence ("PI") reporting unit, in connection with our acquisition of FNC, Inc. ("FNC"). Further, in May 2016, we recorded $0.9 million of goodwill, within our PI reporting unit, related to an acquisition that was not significant. See Note 12 - Acquisitions for additional information.

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Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets, Net

Other Intangible Assets, Net

Other intangible assets, net consist of the following:

	June 30, 2016							December 31, 2015
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Client lists	$	639,404	$	(238,965	)	$	400,439	$	496,192	$	(219,887	)	$	276,305
Non-compete agreements	28,113		(8,946		)	19,167		9,302		(7,983		)	1,319
Trade names and licenses	121,341		(33,152		)	88,189		102,297		(27,773		)	74,524
	$	788,858	$	(281,063	)	$	507,795	$	607,791	$	(255,643	)	$	352,148

Amortization expense for other intangible assets, net was $13.2 million and $9.8 million for the three months ended June 30, 2016 and 2015, respectively, and $24.9 million and $19.6 million for the six months ended June 30, 2016 and 2015, respectively.

Estimated amortization expense for other intangible assets, net is as follows:

(in thousands)
Remainder of 2016	$	30,840
2017	61,951
2018	61,147
2019	58,792
2020	56,639
Thereafter	238,426
	$	507,795

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Long-Term Debt, Net of Current

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Long-Term Debt, Net of Current

Long-Term Debt, Net of Current

Our long-term debt consists of the following:

		June 30, 2016							December 31, 2015
(in thousands)		Gross		Debt Issuance Costs			Net		Gross		Debt Issuance Costs			Net
Acquisition-related note:
	Non-interest bearing acquisition note, $5.0 million installment due March 2016	$	—	$	—		$	—	$	4,924	$	—		$	4,924
Notes:
	7.25% senior notes due June 2021	393,000		(10,189		)	382,811		393,000		(11,121		)	381,879
	7.55% senior debentures due April 2028	59,645		(222		)	59,423		59,645		(231		)	59,414
Bank debt:
	Term loan facility borrowings due April 2020, weighted-average interest rate of2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	807,500		(8,431		)	799,069		828,750		(9,720		)	819,030
	Revolving line of credit borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	390,000		(5,526		)	384,474		75,000		(6,262		)	68,738
Other debt:
	Various debt instruments with maturities through 2019	3,033		—			3,033		2,689		—			2,689
Total long-term debt		1,653,178		(24,368		)	1,628,810		1,364,008		(27,334		)	1,336,674
Less current portion of long-term debt		43,863		—			43,863		48,497		—			48,497
Long-term debt, net of current portion		$	1,609,315	$	(24,368	)	$	1,584,947	$	1,315,511	$	(27,334	)	$	1,288,177

As of June 30, 2016 and December 31, 2015, we have recorded $3.6 million of accrued interest expense on our debt-related instruments.

Senior Notes

In May 2011, we issued $400.0 million aggregate principal amount of 7.25% senior notes due 2021 (the "Notes").     In July 2016, we completed the redemption of all outstanding balances under the Notes. See Note 15 - Subsequent Events for further discussion. Prior to redemption, the Notes were guaranteed on a senior unsecured basis by each of our direct and indirect subsidiaries that guarantee our Credit Agreement (defined below).

Credit Agreement

In April 2015, we amended and restated our senior secured credit facility (the "Credit Agreement") with Bank of America, N.A. as administrative agent and other financial institutions. As of June 30, 2016, the Credit Agreement provided for an $850.0 million five-year term loan facility (the "Term Facility") and a $550.0 million revolving credit facility (the "Revolving Facility"). The Revolving Facility included a $100.0 million multicurrency revolving sub-facility and a $50.0 million letter of credit sub-facility. The Credit Agreement also provided for the ability to increase the Term Facility and Revolving Facility by up to $750.0 million in the aggregate. As of June 30, 2016, we were in compliance with all of our covenants under the Credit Agreement.

In July 2016, effective June 2016, we amended our Credit Agreement with Bank of America, N.A. as administrative agent and other financial institutions, which allowed us to complete $525.0 million of incremental term loan borrowings. See Note 15 - Subsequent Events for further discussion. The Term Facility matures and the Revolving Facility expires on April 2020.

Debt Issuance Costs

In connection with the amendment and restatement of the Credit Agreement in 2015, we incurred approximately $6.5 million of debt issuance costs of which $0.4 million were expensed in the accompanying condensed consolidated statements of operations for the six months ended June 30, 2015. We capitalized the remaining $6.1 million of debt issuance costs within long-term debt, net in the accompanying condensed consolidated balance sheets, and will amortize these costs over the term of the Credit Agreement.

When we amended and restated the Credit Agreement in 2015, we had unamortized costs of $14.8 million related to previously recorded debt issuance costs, which we will amortize over the term of the Credit Agreement. In connection with the amendment and restatement of the Credit Agreement, during the six months ended June 30, 2015, we wrote-off $1.6 million of unamortized debt issuance costs.

7.55% Senior Debentures

In April 1998, we issued $100.0 million in aggregate principal amount of 7.55% senior debentures due 2028. In April 2010, in anticipation of the spin-off of our financial services businesses into a new, publicly-traded, New York Stock Exchange-listed company called First American Financial Corporation ("FAFC") in June 2010 ("Separation"), we commenced a cash tender offer for these debentures and also solicited consent from the holders thereof to expressly affirm that the Separation would not conflict with the terms of the debentures. See Note 11 - Litigation and Regulatory Contingencies for further discussion on the Separation. In April 2010, we announced that valid consents were tendered representing over 50.0% of the outstanding debentures. Accordingly, we received the requisite approvals from debenture holders and amended the related indentures. The indentures governing these debentures, as amended, contain limited restrictions on the Company.

Interest Rate Swaps

In May 2014, we entered into amortizing interest rate swap transactions ("Swaps"). The Swaps became effective in December 2014 and terminate in March 2019. The Swaps are for an initial notional balance of $500.0 million, with a fixed interest rate of 1.57%, and amortize quarterly by $12.5 million through December 31, 2017 and $25.0 million through December 31, 2018, with a remaining notional amount of $250.0 million. We entered into the Swaps in order to convert a portion of our interest rate exposure on the Term Facility floating rate borrowings from variable to fixed. We have designated the Swaps as cash flow hedges. The estimated fair value of these cash flow hedges resulted in a liability of $9.3 million and $4.4 million as of June 30, 2016 and December 31, 2015, respectively, which is included in the accompanying condensed consolidated balance sheets as a component of other liabilities.

Unrealized losses of $0.4 million (net of $0.3 million in deferred taxes) and unrealized gains of $1.1 million (net of $0.7 million in deferred taxes) for the three months ended June 30, 2016 and 2015, respectively, and unrealized losses of $3.0 million (net of $1.9 million in deferred taxes) and $1.1 million (net of $0.7 million in deferred taxes) for the six months ended June 30, 2016 and 2015, respectively, were recognized in other comprehensive (loss)/income related to the Swaps.

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Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective income tax rate for income taxes as a percentage of income from continuing operations before equity in earnings of affiliates and income taxes was 33.5% and 33.1% for the three months ended June 30, 2016 and 2015, respectively, and 34.7% and 32.0% for the six months ended June 30, 2016 and 2015, respectively.

For the three and six months ended June 30, 2016 when compared to 2015, the increase in the effective tax rate was due to non-recurring favorable discrete items occurring in 2015, partially offset by current year favorable rate reductions related to federal research credits being permanently enacted, the release of a capital loss valuation allowance related to a capital gain, a current year favorable discrete item related to prior year uncertain foreign tax benefits and a current year unfavorable discrete item from acquisition-related costs.

Income taxes included in equity in earnings of affiliates were $0.3 million and $3.1 million for the three months ended June 30, 2016 and 2015, respectively, and $0.4 million and $5.5 million for the six months ended June 30, 2016 and 2015, respectively. For the purpose of segment reporting, these amounts are included in corporate and therefore not reflected in our reportable segments.

We are currently under examination for the years 2005 to 2011 by the U.S. federal and various state taxing authorities. It is reasonably possible the amount of unrecognized tax benefit with respect to certain unrecognized tax positions could significantly increase or decrease within the next twelve months. We estimate the unrecognized tax benefit could decrease by up to $21.5 million within the next twelve months. The estimated change is primarily related to IRS audits, subject to the FAFC indemnification, and may have minimal impact to net income. See Note 11 - Litigation and Regulatory Contingencies for further discussion on FAFC.

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Earnings Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following is a reconciliation of net income per share:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income from continuing operations	$	40,424		$	33,006		$	67,964		$	62,297
Loss from discontinued operations, net of tax	(4		)	(217		)	(62		)	(329		)
Net income attributable to CoreLogic	$	40,420		$	32,789		$	67,902		$	61,968
Denominator:
Weighted-average shares for basic income per share	88,572			89,654			88,441			89,702
Dilutive effect of stock options and restricted stock units	1,396			1,309			1,506			1,336
Weighted-average shares for diluted income per share	89,968			90,963			89,947			91,038
Income per share
Basic:
Net income from continuing operations	$	0.46		$	0.37		$	0.77		$	0.69
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.46		$	0.37		$	0.77		$	0.69
Diluted:
Net income from continuing operations	$	0.45		$	0.36		$	0.76		$	0.68
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.45		$	0.36		$	0.76		$	0.68

The dilutive effect of stock-based compensation awards has been calculated using the treasury-stock method. For both the three months ended June 30, 2016 and 2015, an aggregate of less than 0.1 million restricted stock units ("RSUs"), performance-based restricted stock units ("PBRSUs") and stock options were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect. For the six months ended June 30, 2016 and 2015, an aggregate of less than 0.1 million and 0.2 million RSUs, PBRSUs and stock options, respectively, were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect.

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair value is the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). We utilize market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable.

The market approach is applied for recurring fair value measurements and endeavors to utilize the best available information. Accordingly, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Fair value balances are classified based on the observability of those inputs.

A fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). Level 2 measurements utilize observable inputs in markets other than active markets.

In estimating the fair value of the financial instruments presented, we used the following methods and assumptions:

Cash and cash equivalents

For cash and cash equivalents, we believe that the carrying value is a reasonable estimate of fair value due to the short-term nature of the instruments.

Restricted cash

Restricted cash is comprised of certificates of deposit that are pledged for various letters of credit. We deem the carrying value to be a reasonable estimate of fair value due to the nature of these instruments.

Marketable securities

Marketable securities are classified as available-for-sale securities and are valued using quoted prices in active markets.

Contingent consideration

The fair value of the contingent consideration was estimated using the Monte Carlo simulation model, which relies on significant assumption and estimates including discount rates and future market conditions, among others.

Long-term debt

The fair value of long-term debt was estimated based on the current rates available to us for similar debt of the same remaining maturities and consideration of our default and credit risk.

Interest rate swap agreements

The fair value of the interest rate swap agreements was estimated based on market-value quotes received from the counterparties to the agreements.

The fair values of our financial instruments as of June 30, 2016 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Financial Assets:
Cash and cash equivalents	$	72,367	$	—	$	—	$	72,367
Restricted cash	—		11,009		—		11,009
Marketable securities	22,570		—		—		22,570
Total Financial Assets	$	94,937	$	11,009	$	—	$	105,946
Financial Liabilities:
Contingent consideration	$	—	$	—	$	8,900	$	8,900
Total debt	—		1,677,100		—		1,677,100
Total Financial Liabilities	$	—	$	1,677,100	$	8,900	$	1,686,000
Derivatives:
Liability for interest rate swap agreements	$	—	$	9,291	$	—	$	9,291

The fair values of our financial instruments as of December 31, 2015 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Fair Value
Financial Assets:
Cash and cash equivalents	$	99,090	$	—	$	99,090
Restricted cash	—		10,926		10,926
Marketable securities	22,709		—		22,709
Total Financial Assets	$	121,799	$	10,926	$	132,725
Financial Liabilities:
Total debt	$	—	$	1,315,473	$	1,315,473
Derivatives:
Liability for interest rate swap agreements	$	—	$	4,370	$	4,370

There were no transfers between Level 1, Level 2 or Level 3 securities during the three and six months ended June 30, 2016. In connection with the contingent consideration, we recorded $0.9 million of unrealized losses in our condensed consolidated statement of operations for the three and six months ended June 30, 2016.

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

We currently issue equity awards under the Amended and Restated CoreLogic, Inc. 2011 Performance Incentive Plan, which was initially approved by our stockholders at our Annual Meeting held on May 19, 2011 with an amendment and restatement approved by our stockholders at our Annual Meeting held on July 29, 2014 (the “Plan”). The Plan includes the ability to grant RSUs, PBRSUs and stock options. The Plan provides for up to 21,909,000 shares of the Company's common stock to be available for award grants. Prior to the approval of the Plan, we issued share-based awards under the CoreLogic, Inc. 2006 Incentive Plan.

We primarily utilize RSUs and PBRSUs as our share-based compensation instruments for employees and directors. The fair value of any share-based compensation instrument grant is based on the market value of our shares on the date of grant and is recognized as compensation expense over its vesting period.

Restricted Stock Units

For the six months ended June 30, 2016 and 2015, we awarded 942,973 and 939,354 RSUs, respectively, with an estimated grant-date fair value of $32.7 million and $33.2 million, respectively. The majority of the RSU awards will vest ratably over three years from their grant date.

RSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested RSUs outstanding at December 31, 2015	1,537		$	32.92
RSUs granted	943		$	34.68
RSUs vested	(690	)	$	32.57
RSUs forfeited	(57	)	$	34.48
Unvested RSUs outstanding at June 30, 2016	1,733		$	33.96

As of June 30, 2016, there was $43.6 million of total unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a weighted-average period of 2.2 years. The fair value of RSUs is based on the market value of our common stock on the date of grant.

Performance-Based Restricted Stock Units

For the six months ended June 30, 2016 and 2015, we awarded 278,799 and 222,788 PBRSUs, respectively, with an estimated grant-date fair value of $9.8 million and $7.6 million, respectively. These awards are subject to service-based, performance-based and market-based vesting conditions. For the PBRSUs awarded during the six months ended June 30, 2016, the performance period is from January 1, 2016 to December 31, 2018 and the performance metric is adjusted earnings per share and market-based conditions. Subject to satisfaction of the performance criteria, the majority of the 2016 awards will vest on December 31, 2018.

The performance period for the PBRSUs awarded during the six months ended June 30, 2015 is from January 1, 2015 to December 31, 2017 and the performance metric is adjusted earnings per share and market-based conditions. Subject to satisfaction of the performance criteria, the majority of the 2015 awards will vest on December 31, 2017.

The fair values of the 2016 and 2015 awards were estimated using Monte-Carlo simulation with the following weighted-average assumptions:

	For the Six Months Ended June 30,
	2016		2015
Expected dividend yield	—	%	—	%
Risk-free interest rate (1)	0.99	%	0.93	%
Expected volatility (2)	25.12	%	24.01	%
Average total stockholder return (2)	1.48	%	8.37	%

(1) The risk-free interest rate for the periods within the contractual term of the PBRSUs is based on the U.S. Treasury yield curve in effect at the time of the grant.

(2) The expected volatility and average total stockholder return are measures of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data.

PBRSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested PBRSUs outstanding at December 31, 2015	659		$	29.15
PBRSUs granted	279		$	35.30
PBRSUs vested	(88	)	$	26.04
PBRSUs forfeited	(91	)	$	19.50
Unvested PBRSUs outstanding at June 30, 2016	758		$	34.10

As of June 30, 2016, there was $23.0 million of total unrecognized compensation cost related to unvested PBRSUs that is expected to be recognized over a weighted-average period of 2.1 years. The fair value of PBRSUs is based on the market value of our common stock on the date of grant.

Stock Options

Prior to 2015, we issued stock options as incentive compensation for certain employees. Option activity for the six months ended June 30, 2016 is as follows:

(in thousands, except weighted-average price)	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding at December 31, 2015	1,826		$	21.33
Options exercised	(251	)	$	22.03
Options outstanding at June 30, 2016	1,575		$	21.22	5.0	$	27,152
Options vested and expected to vest at June 30, 2016	1,571		$	21.20	5.0	$	27,136
Options exercisable at June 30, 2016	1,495		$	20.68	4.9	$	26,618

As of June 30, 2016, there was $0.6 million of total unrecognized compensation cost related to unvested stock options that is expected to be recognized over a weighted-average period of 9 months.

The intrinsic value of options exercised was $3.2 million and $5.9 million for the six months ended June 30, 2016 and 2015, respectively. This intrinsic value represents the difference between the fair market value of our common stock on the date of exercise and the exercise price of each option.

Employee Stock Purchase Plan

The employee stock purchase plan allows eligible employees to purchase our common stock at 85.0% of the lesser of the closing price on the first day or the last day of each quarter. Our employee stock purchase plan was approved by our stockholders at our 2012 annual meeting of stockholders and the first offering period commenced in October 2012. We recognized an expense for the amount equal to the estimated fair value of the discount during each offering period.

The following table sets forth the stock-based compensation expense recognized for the three and six months ended June 30, 2016 and 2015.

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2016		2015		2016		2015
RSUs	$	6,560	$	6,819	$	13,578	$	12,833
PBRSUs	2,701		2,272		4,514		4,052
Stock options	217		474		601		1,037
Employee stock purchase plan	297		242		625		617
	$	9,775	$	9,807	$	19,318	$	18,539

The above includes $1.4 million and $0.8 million of stock-based compensation expense within cost of services in the accompanying condensed consolidated statements of operations for the three months ended June 30, 2016 and 2015, respectively, and $2.9 million and $1.4 million for the six months ended June 30, 2016 and 2015, respectively.

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Litigation and Regulatory Contingencies

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Litigation and Regulatory Contingencies

Litigation and Regulatory Contingencies

We have been named in various lawsuits and we may from time to time be subject to audit or investigation by governmental agencies. Currently, governmental agencies are auditing or investigating certain of our operations.

With respect to matters where we have determined that a loss is both probable and reasonably estimable, we have recorded a liability representing our best estimate of the financial exposure based on known facts. While the ultimate disposition of each such audit, investigation or lawsuit is not yet determinable, we do not believe that the ultimate resolution of these matters, either individually or in the aggregate, will have a material adverse effect on our financial condition, results of operations or cash flows. In addition, we do not believe there is a reasonable possibility that a material loss exceeding amounts already accrued may be incurred. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. The actual outcome of such matters could differ materially from management’s estimates. We record expenses for legal fees as incurred.

Separation

Following the Separation, we are responsible for a portion of FAFC's contingent and other corporate liabilities. In the Separation and Distribution Agreement we entered into in connection with the Separation (the "Separation and Distribution Agreement"), we agreed with FAFC to share equally in the cost of resolution of a small number of corporate-level lawsuits, including certain consolidated securities litigation matters from which we have since been dropped. There were no liabilities incurred in connection with the consolidated securities matters. Responsibility to manage each case has been assigned to either FAFC or us, with the managing party required to update the other party regularly and consult with the other party prior to certain important decisions, such as settlement. The managing party will also have primary responsibility for determining the ultimate total liability, if any, related to the applicable case. We will record our share of any such liability when the responsible party determines a reserve is necessary. At June 30, 2016, no reserves were considered necessary.

In addition, the Separation and Distribution Agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our predecessor, The First American Corporation's ("FAC") financial services business, with FAFC and financial responsibility for the obligations and liabilities of FAC's information solutions business with us. Specifically, each party will, and will cause its subsidiaries and affiliates to, indemnify, defend and hold harmless the other party, its respective affiliates and subsidiaries and each of its respective officers, directors, employees and agents for any losses arising out of or otherwise in connection with the liabilities each such party assumed or retained pursuant to the Separation and Distribution Agreement; and any breach by such party of the Separation and Distribution Agreement.

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Acquisitions

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions

In April 2016, we completed the acquisition of FNC for up to $475.0 million, with $400.0 million in cash paid at closing, subject to certain closing adjustments, and up to $75.0 million to be paid in cash in 2018, contingent upon the achievement of certain revenue targets in fiscal 2017. We fair-valued the contingent payment using the Monte Carlo simulation model and preliminarily recorded $8.0 million as contingent consideration. FNC is a leading provider of real estate collateral information technology and solutions that automates property appraisal ordering, tracking, documentation and review for lender compliance with government regulations and is included as a component of our PI reporting segment. The acquisition continues to expand our property valuation capabilities. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded a deferred tax liability of $83.5 million, property and equipment of $79.8 million with an estimated average life of 12 years, customer lists of $141.8 million with an estimated average life of 16 years, trade names of $15.9 million with an estimated average life of 19 years, non-compete agreements of $18.8 million with an estimated average life of 5 years, other intangibles of $2.9 million with an estimated average life of 10 years and goodwill of $211.5 million. This business combination did not have a material impact on our condensed consolidated statements of operations.

In January 2016, we completed the acquisition of the remaining 40% mandatorily redeemable noncontrolling interest in PIQ for NZD $27.8 million, or $19.0 million, and settled the mandatorily redeemable noncontrolling interest. PIQ is included as a component of our PI reporting segment.

In December 2015, we completed the acquisition of the remaining interest in RELS for approximately $65.0 million and recorded an investment gain of approximately $34.3 million due to the step-up in fair value on the previously held 50.1% interest, which is included in gain on investment and other, net in the accompanying condensed consolidated statements of operations. RELS is included as a component of our PI reporting segment. The acquisition of RELS expands our real estate asset valuation and appraisal solutions in connection with loan originations. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including a discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded property and equipment of $27.0 million with an estimated average life of 10 years, customer lists of $48.4 million with an estimated average life of 10 years, other intangibles of $5.0 million with an estimated average life of 10 years and goodwill of $23.1 million, of which $11.5 million is deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

In October 2015, we completed the acquisition of Cordell Information Pty Limited ("Cordell") for AUD$70.0 million, or $49.1 million, subject to working capital adjustments, which is included as a component of our PI reporting segment. The acquisition of Cordell further expands our property information capabilities in Australia. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded property and equipment of $14.3 million with an estimated average life of 10 years, customer lists of $5.5 million with an estimated average life of 8 years, trade names of $0.6 million with an estimated average life of 4 years and goodwill of $31.9 million, which is fully deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

In September 2015, we completed the acquisition of LandSafe Appraisal Services, Inc. for $122.0 million, subject to working capital adjustments, which is included as a component of our PI reporting segment. The acquisition builds on our longstanding strategic relationship with a key client and continues to expand our property valuation capabilities. The purchase price was allocated to the assets acquired and liabilities assumed using a variety of valuation techniques including discounted cash flow analysis, which included significant unobservable inputs. The purchase price allocation is subject to change based on our final determination of fair value in connection with intangible assets and working capital matters. We preliminarily recorded customer lists of $53.4 million with an estimated average life of 10 years, other intangibles of $4.3 million with an estimated average life of 10 years and goodwill of $64.6 million, which is fully deductible for tax purposes. This business combination did not have a material impact on our condensed consolidated statements of operations.

We incurred $5.1 million and $1.7 million of acquisition-related costs within selling, general and administrative expenses on our consolidated statements of operations for the three months ended June 30, 2016 and 2015, respectively, and $6.1 millionand$1.8 millionfor the six months ended June 30, 2016 and 2015, respectively.

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Discontinued Operations

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On September 30, 2014, we completed the sale of our collateral solutions and field services businesses, which were included in the former reporting segment Asset Management and Processing Solutions ("AMPS"), for total consideration of $29.1 million, subject to working capital adjustments. In September 2012, we completed the wind down of our consumer services business and our then-owned appraisal management company business, which were included in our PI and Risk Management and Workflow ("RMW") segments, respectively. In September 2011, we closed our marketing services business, which was included in our PI segment. Each of these businesses is reflected in our accompanying condensed consolidated financials statements as discontinued operations.

Summarized below are certain assets and liabilities classified as discontinued operations as of June 30, 2016 and December 31, 2015:

(in thousands)
As of June 30, 2016	PI		RMW			AMPS		Total
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	238	$	319		$	1,949	$	2,506
As of December 31, 2015
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	250	$	319		$	1,958	$	2,527

Summarized below are the components of our loss from discontinued operations for the three and six months ended June 30, 2016 and 2015:

(in thousands)
For the Three Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(3		)	(3		)	(6		)
Income tax benefit	—			(1		)	(1		)	(2		)
Loss from discontinued operations, net of tax	$	—		$	(2	)	$	(2	)	$	(4	)
For the Three Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(292		)	(11		)	(48		)	(351		)
Income tax benefit	(67		)	(60		)	(7		)	(134		)
Loss from discontinued operations, net of tax	$	(225	)	$	49		$	(41	)	$	(217	)

(in thousands)
For the Six Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(4		)	(95		)	(99		)
Income tax benefit	—			(1		)	(36		)	(37		)
Loss from discontinued operations, net of tax	$	—		$	(3	)	$	(59	)	$	(62	)
For the Six Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	2		$	2
Loss from discontinued operations before income taxes	(377		)	(13		)	(142		)	(532		)
Income tax benefit	(100		)	(60		)	(43		)	(203		)
Loss from discontinued operations, net of tax	$	(277	)	$	47		$	(99	)	$	(329	)

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Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

We have organized our reportable segments into two segments: PI and RMW.

Property Intelligence. Our PI segment owns or licenses real property information, mortgage information and consumer information, which includes loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps and mortgage-backed securities information. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. We deliver this information directly to our clients in a standard format over the web, through customizable software platforms or in bulk data form. Our products and services include data licensing and analytics, data-enabled advisory services, platform solutions and valuation solutions in North America, Western Europe and Asia Pacific. The segment's primary clients are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, Multiple Listing Service companies, property and casualty insurance companies, title insurance companies, government agencies and government-sponsored enterprises.

The operating results of our PI segment included intercompany revenues of $1.5 million for both the three months ended June 30, 2016 and 2015, and $2.7 million and $3.0 million for the six months ended June 30, 2016 and 2015, respectively. The segment also included intercompany expenses of $1.2 million for both the three months ended June 30, 2016 and 2015, and $2.9 million and $2.4 million for the six months ended June 30, 2016 and 2015, respectively.

Risk Management and Workflow. Our RMW segment owns or licenses real property information, mortgage information and consumer information, which includes loan information, property sales and characteristic information, natural hazard data, parcel maps, employment verification, criminal records and eviction records. We have also developed proprietary technology and software platforms to access, automate or track our data and assist our clients with compliance regulations. Our products and services include credit and screening solutions, property tax processing, flood data services and technology solutions in North America. The segment’s primary clients are large, national mortgage lenders and servicers, but we also serve regional mortgage lenders and brokers, credit unions, commercial banks, fixed-income investors, government agencies and casualty insurance companies.

The operating results of our RMW segment included intercompany revenues of $1.2 million for both the three months ended June 30, 2016 and 2015, and $2.9 million and $2.4 million for the six months ended June 30, 2016 and 2015, respectively. The segment also included intercompany expenses of $1.5 million for both the three months ended June 30, 2016 and 2015, and $2.7 million and $3.0 million for the six months ended June 30, 2016 and 2015, respectively.

We also separately report on our corporate and eliminations. Corporate consists primarily of corporate personnel and other expenses associated with our corporate functions and facilities, investment gains and losses, equity in earnings of affiliates, net of tax, and interest expense.

It is impracticable to disclose revenues from external clients for each product and service offered.

Selected financial information by reportable segment is as follows:

(in thousands)
For the Three Months Ended June 30, 2016	Operating Revenues			Depreciation and Amortization		Operating Income/(Loss)			Equity in Earnings/(Losses) of Affiliates, Net of Tax			Net Income/(Loss) From Continuing Operations			Capital Expenditures
PI	$	276,681		$	32,373	$	33,224		$	504		$	33,111		$	14,064
RMW	226,240			6,614		66,322			—			66,322			2,793
Corporate	7			4,304		(24,031		)	(426		)	(59,009		)	10,097
Eliminations	(2,724		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	500,204		$	43,291	$	75,515		$	78		$	40,424		$	26,954
For the Three Months Ended June 30, 2015
PI	$	161,105		$	24,365	$	17,057		$	7,685		$	24,570		$	10,213
RMW	227,611			8,003		64,934			—			64,930			3,486
Corporate	9			4,904		(21,284		)	(3,018		)	(56,236		)	3,863
Eliminations	(2,712		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	386,013		$	37,272	$	60,707		$	4,667		$	33,264		$	17,562
For the Six Months Ended June 30, 2016
PI	$	518,121		$	60,300	$	50,499		$	552		$	49,796		$	25,959
RMW	441,258			14,332		119,245			—			119,243			5,128
Corporate	3			8,303		(36,919		)	(563		)	(101,075		)	14,698
Eliminations	(5,635		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	953,747		$	82,935	$	132,825		$	(11	)	$	67,964		$	45,785
For the Six Months Ended June 30, 2015
PI	$	314,498		$	48,557	$	36,678		$	13,826		$	50,237		$	25,237
RMW	441,622			16,244		115,892			—			115,867			6,833
Corporate	32			8,449		(42,598		)	(5,392		)	(103,342		)	8,133
Eliminations	(5,368		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	750,784		$	73,250	$	109,972		$	8,434		$	62,762		$	40,203

(in thousands)	As of			As of
Assets	June 30, 2016			December 31, 2015
PI	$	2,503,110		$	2,058,412
RMW	1,336,008			1,316,785
Corporate	5,608,361			5,318,990
Eliminations	(5,428,840		)	(5,021,152		)
Consolidated (excluding assets of discontinued operations)	$	4,018,639		$	3,673,035

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Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In July 2016, we completed $525.0 million of incremental term loan borrowings by amending the Credit Agreement effective as of June 2016. A portion of the proceeds of the new borrowings were used to complete the redemption of all outstanding balances under the Notes in July 2016 at a price equal to 103.625% of the principal amount of the Notes plus accrued and unpaid interest for approximately $411.0 million. The majority of the remaining portion of the proceeds were utilized to reduce our outstanding balance within the Revolving Facility by $110.0 million.

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Basis of Condensed Consolidated Financial Statements (Policies)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Client Concentration

Client Concentration

We generate the majority of our revenues from clients with operations in the U.S. residential real estate, mortgage origination and mortgage servicing markets.

Comprehensive Income

Comprehensive Income

Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. Specifically, foreign currency translation adjustments, amounts related to supplemental benefit plans, unrealized gains and losses on interest rate swap transactions and unrealized gains and losses on investment are recorded in other comprehensive income/(loss).

Marketable Securities

Marketable Securities

Debt securities are carried at fair value and consist primarily of investments in obligations of various corporations and mortgage-backed securities. Equity securities are carried at fair value and consist primarily of investments in marketable common and preferred stock. We classify our publicly traded debt and equity securities as available-for-sale and carry them at fair value with unrealized gains or losses classified as a component of accumulated other comprehensive loss.

Mandatorily Redeemable Noncontrolling Interest

Mandatorily Redeemable Noncontrolling Interest

Mandatorily redeemable noncontrolling interests for which there is a contractual requirement for purchasing the interest are included as a liability of NZD$27.8 million, or $19.0 million, in our accompanying condensed consolidated balance sheet as of December 31, 2015. In January 2016, we acquired the remaining 40.0% interest in New Zealand-based Property IQ Ltd. ("PIQ") and settled the mandatorily redeemable noncontrolling interest. See Note 12 - Acquisitions for further discussion.

Tax Escrow Disbursement Arrangements

Tax Escrow Disbursement Arrangements

We administer tax escrow disbursements as a service to our clients in connection with our tax services business. These deposits are maintained in segregated accounts for the benefit of our clients. Tax escrow deposits totaled $804.9 million as of June 30, 2016 and $340.3 million as of December 31, 2015. Because these deposits are held on behalf of our clients, they are not our funds and, therefore, are not included in the accompanying condensed consolidated balance sheets.

These deposits generally remain in the accounts for a period of two to five business days and we invest the funds in a highly-rated, liquid investment, such as bank deposit products or AAA-rated money market funds. We earn interest income or earnings credits from these investments and bear the risk of any losses. However, we have not historically incurred any investment losses and do not anticipate incurring any future investment losses. As a result, we do not maintain any reserves for losses in value of these investments.

Under our contracts with our clients, if we make a payment in error or fail to pay a taxing authority when a payment is due, we could be held liable to our clients for all or part of the financial loss they suffer as a result of our act or omission. We maintained claim reserves relating to incorrect disposition of assets of $19.3 million and $21.2 million as of June 30, 2016 and December 31, 2015, respectively, which is reflected in our accompanying condensed consolidated balance sheets as a component of other liabilities.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued guidance for accounting of credit losses affecting the impairment model for most financial assets and certain other instruments. Entities will be required to use a new forward-looking current expected credit loss model for trade and other receivables, held-to-maturity debt securities, loans and other instruments, which will generally lead to an earlier recognition of loss allowances. Entities will recognize losses on available-for-sale debt securities as allowances rather than a reduction in amortized cost of the security while the measurement process of this loss does not change. Disclosure requirements are expanded regarding an entity’s assumptions, models and methods of estimations of the allowance. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance to simplify some provisions in stock compensation accounting. The accounting for income taxes allows all excess tax benefits and tax deficiencies to be recognized through income tax expense. The statement of cash flows presentation of excess tax benefits should be classified with other income tax cash flows as an operating activity. An entity may also make an entity-wide election to either continue estimating the number of awards that are expected to vest or account for forfeitures as they occur. The requirements to qualify for equity classification permits tax withholding up to the maximum statutory tax rates in the applicable jurisdictions. Lastly, payments of cash by an employer for tax-withholding purposes, when directly withholding shares, are classified as a financing activity on the statement of cash flows. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on equity method accounting related to joint venture investments. The standard eliminates the requirement to retroactively adopt the equity method of accounting as a result of an increase in the level of ownership or degree of influence related to an investment. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued guidance on derivatives and hedging. The standard clarifies the four-step decision sequence required for assessing whether contingent put and call options that can speed up the payment for a debt instrument’s principal are clearly and closely related to the debt to which they are attached. The standard also clarifies that provided all other hedge accounting criteria continue to be met, a change in the counterparty to a derivative instrument does not in itself disqualify designation of the hedge. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued guidance on lease accounting. The standard requires all leases in excess of 12-months to be recognized on the balance sheet as lease assets and lease liabilities. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not changed significantly from prior GAAP. For operating leases, a lessee is required to 1) recognize a right-of-use asset and lease liability, initially measured at the present value of the lease payment, 2) recognize a single lease cost over the lease term generally on a straight-line basis, and 3) classify all cash payments within operating activities on the cash flow statement. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We are currently evaluating the impact of the adoption of this guidance on our consolidated financial statements.

In January 2016, the FASB issued guidance on accounting for equity investments and financial liabilities. The standard does not apply to equity method investments or investments in consolidated subsidiaries. The update provides that equity investments with readily determinable values be measured at fair value and changes in the fair value flow through net income. These changes historically have run through other comprehensive income. Equity investments without readily determinable fair values have the option to be measured at fair value or at cost adjusted for changes in observable prices minus impairment. Changes in either method are also recognized in net income. The standard requires a qualitative assessment of impairment indicators at each reporting period. For financial liabilities, entities that elect the fair value option must recognize the change in fair value attributable to instrument-specific credit risk in other comprehensive income rather than net income. Lastly, regarding deferred tax assets, the need for a valuation allowance on a deferred tax asset will need to be assessed related to available-for-sale debt securities. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Earlier adoption is permitted but we do not anticipate electing early adoption. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued guidance which requires all deferred tax assets and liabilities, as well as any related valuation allowance, to be classified as non-current on the balance sheet. The guidance is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years and earlier adoption is permitted.

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Basis of Condensed Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table shows the components of accumulated other comprehensive loss, net of taxes as of June 30, 2016 and December 31, 2015:

	2016			2015
Cumulative foreign currency translation	$	(109,117	)	$	(114,427	)
Cumulative supplemental benefit plans	(3,753		)	(3,540		)
Net unrecognized losses on interest rate swap	(5,737		)	(2,699		)
Net unrealized gains on marketable securities	463			550
Accumulated other comprehensive loss	$	(118,144	)	$	(120,116	)

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Investments in Affiliates, Net (Tables)

6 Months Ended

Jun. 30, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following summarizes the financial information for this investment (assuming 100% ownership interest):

	For the Three Months Ended		For the Six Months Ended
(in thousands)	June 30, 2015		June 30, 2015
Statements of income
Total revenues	$	69,759	$	128,205
Expenses and other	56,806		105,068
Net income attributable to RELS LLC	$	12,953	$	23,137
CoreLogic equity in earnings of affiliate	$	6,489	$	11,592

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Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net as of June 30, 2016 and December 31, 2015 consists of the following:

(in thousands)	2016			2015
Land	$	7,476		$	4,000
Buildings	6,294			111
Furniture and equipment	62,308			62,140
Capitalized software	865,957			759,925
Leasehold improvements	31,135			29,038
	973,170			855,214
Less accumulated depreciation	(517,732		)	(479,560		)
Property and equipment, net	$	455,438		$	375,654

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Goodwill, Net (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A reconciliation of the changes in the carrying amount of goodwill and accumulated impairment losses, by operating segment and reporting unit, for the six months ended June 30, 2016, is as follows:

(in thousands)	PI			RMW			Consolidated
Balance as of January 1, 2016
Goodwill	$	963,680		$	925,392		$	1,889,072
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	963,080			918,467			1,881,547
Acquisitions	212,450			—			212,450
Translation adjustments	5,176			—			5,176
Balance as of June 30, 2016
Goodwill, net	$	1,180,706		$	918,467		$	2,099,173

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Other Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets by Major Class

Other intangible assets, net consist of the following:

	June 30, 2016							December 31, 2015
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Client lists	$	639,404	$	(238,965	)	$	400,439	$	496,192	$	(219,887	)	$	276,305
Non-compete agreements	28,113		(8,946		)	19,167		9,302		(7,983		)	1,319
Trade names and licenses	121,341		(33,152		)	88,189		102,297		(27,773		)	74,524
	$	788,858	$	(281,063	)	$	507,795	$	607,791	$	(255,643	)	$	352,148

Schedule of Expected Amortization Expense

Estimated amortization expense for other intangible assets, net is as follows:

(in thousands)
Remainder of 2016	$	30,840
2017	61,951
2018	61,147
2019	58,792
2020	56,639
Thereafter	238,426
	$	507,795

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Long-Term Debt, Net of Current (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Our long-term debt consists of the following:

		June 30, 2016							December 31, 2015
(in thousands)		Gross		Debt Issuance Costs			Net		Gross		Debt Issuance Costs			Net
Acquisition-related note:
	Non-interest bearing acquisition note, $5.0 million installment due March 2016	$	—	$	—		$	—	$	4,924	$	—		$	4,924
Notes:
	7.25% senior notes due June 2021	393,000		(10,189		)	382,811		393,000		(11,121		)	381,879
	7.55% senior debentures due April 2028	59,645		(222		)	59,423		59,645		(231		)	59,414
Bank debt:
	Term loan facility borrowings due April 2020, weighted-average interest rate of2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	807,500		(8,431		)	799,069		828,750		(9,720		)	819,030
	Revolving line of credit borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively	390,000		(5,526		)	384,474		75,000		(6,262		)	68,738
Other debt:
	Various debt instruments with maturities through 2019	3,033		—			3,033		2,689		—			2,689
Total long-term debt		1,653,178		(24,368		)	1,628,810		1,364,008		(27,334		)	1,336,674
Less current portion of long-term debt		43,863		—			43,863		48,497		—			48,497
Long-term debt, net of current portion		$	1,609,315	$	(24,368	)	$	1,584,947	$	1,315,511	$	(27,334	)	$	1,288,177

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation

The following is a reconciliation of net income per share:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income from continuing operations	$	40,424		$	33,006		$	67,964		$	62,297
Loss from discontinued operations, net of tax	(4		)	(217		)	(62		)	(329		)
Net income attributable to CoreLogic	$	40,420		$	32,789		$	67,902		$	61,968
Denominator:
Weighted-average shares for basic income per share	88,572			89,654			88,441			89,702
Dilutive effect of stock options and restricted stock units	1,396			1,309			1,506			1,336
Weighted-average shares for diluted income per share	89,968			90,963			89,947			91,038
Income per share
Basic:
Net income from continuing operations	$	0.46		$	0.37		$	0.77		$	0.69
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.46		$	0.37		$	0.77		$	0.69
Diluted:
Net income from continuing operations	$	0.45		$	0.36		$	0.76		$	0.68
Loss from discontinued operations, net of tax	—			—			—			—
Net income attributable to CoreLogic	$	0.45		$	0.36		$	0.76		$	0.68

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair values of our financial instruments as of June 30, 2016 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Financial Assets:
Cash and cash equivalents	$	72,367	$	—	$	—	$	72,367
Restricted cash	—		11,009		—		11,009
Marketable securities	22,570		—		—		22,570
Total Financial Assets	$	94,937	$	11,009	$	—	$	105,946
Financial Liabilities:
Contingent consideration	$	—	$	—	$	8,900	$	8,900
Total debt	—		1,677,100		—		1,677,100
Total Financial Liabilities	$	—	$	1,677,100	$	8,900	$	1,686,000
Derivatives:
Liability for interest rate swap agreements	$	—	$	9,291	$	—	$	9,291

The fair values of our financial instruments as of December 31, 2015 are presented in the following table:

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Fair Value
Financial Assets:
Cash and cash equivalents	$	99,090	$	—	$	99,090
Restricted cash	—		10,926		10,926
Marketable securities	22,709		—		22,709
Total Financial Assets	$	121,799	$	10,926	$	132,725
Financial Liabilities:
Total debt	$	—	$	1,315,473	$	1,315,473
Derivatives:
Liability for interest rate swap agreements	$	—	$	4,370	$	4,370

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

RSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested RSUs outstanding at December 31, 2015	1,537		$	32.92
RSUs granted	943		$	34.68
RSUs vested	(690	)	$	32.57
RSUs forfeited	(57	)	$	34.48
Unvested RSUs outstanding at June 30, 2016	1,733		$	33.96

Schedule of Share-based Payment Award, Performance-Based Units, Valuation Assumptions

The fair values of the 2016 and 2015 awards were estimated using Monte-Carlo simulation with the following weighted-average assumptions:

	For the Six Months Ended June 30,
	2016		2015
Expected dividend yield	—	%	—	%
Risk-free interest rate (1)	0.99	%	0.93	%
Expected volatility (2)	25.12	%	24.01	%
Average total stockholder return (2)	1.48	%	8.37	%

(1) The risk-free interest rate for the periods within the contractual term of the PBRSUs is based on the U.S. Treasury yield curve in effect at the time of the grant.

(2) The expected volatility and average total stockholder return are measures of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data.

Schedule of Other Share-based Compensation, Activity

PBRSU activity for the six months ended June 30, 2016 is as follows:

	Number of		Weighted-Average Grant-Date
(in thousands, except weighted-average fair value prices)	Shares		Fair Value
Unvested PBRSUs outstanding at December 31, 2015	659		$	29.15
PBRSUs granted	279		$	35.30
PBRSUs vested	(88	)	$	26.04
PBRSUs forfeited	(91	)	$	19.50
Unvested PBRSUs outstanding at June 30, 2016	758		$	34.10

Schedule of Share-based Compensation, Stock Options, Activity

Option activity for the six months ended June 30, 2016 is as follows:

(in thousands, except weighted-average price)	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding at December 31, 2015	1,826		$	21.33
Options exercised	(251	)	$	22.03
Options outstanding at June 30, 2016	1,575		$	21.22	5.0	$	27,152
Options vested and expected to vest at June 30, 2016	1,571		$	21.20	5.0	$	27,136
Options exercisable at June 30, 2016	1,495		$	20.68	4.9	$	26,618

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

The following table sets forth the stock-based compensation expense recognized for the three and six months ended June 30, 2016 and 2015.

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2016		2015		2016		2015
RSUs	$	6,560	$	6,819	$	13,578	$	12,833
PBRSUs	2,701		2,272		4,514		4,052
Stock options	217		474		601		1,037
Employee stock purchase plan	297		242		625		617
	$	9,775	$	9,807	$	19,318	$	18,539

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Summarized below are certain assets and liabilities classified as discontinued operations as of June 30, 2016 and December 31, 2015:

(in thousands)
As of June 30, 2016	PI		RMW			AMPS		Total
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	238	$	319		$	1,949	$	2,506
As of December 31, 2015
Deferred income tax asset and other current assets	$	326	$	(217	)	$	572	$	681
Accounts payable, accrued expenses and other current liabilities	$	250	$	319		$	1,958	$	2,527

Summarized below are the components of our loss from discontinued operations for the three and six months ended June 30, 2016 and 2015:

(in thousands)
For the Three Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(3		)	(3		)	(6		)
Income tax benefit	—			(1		)	(1		)	(2		)
Loss from discontinued operations, net of tax	$	—		$	(2	)	$	(2	)	$	(4	)
For the Three Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	(292		)	(11		)	(48		)	(351		)
Income tax benefit	(67		)	(60		)	(7		)	(134		)
Loss from discontinued operations, net of tax	$	(225	)	$	49		$	(41	)	$	(217	)

(in thousands)
For the Six Months Ended June 30, 2016	PI			RMW			AMPS			Total
Operating revenue	$	—		$	—		$	—		$	—
Loss from discontinued operations before income taxes	—			(4		)	(95		)	(99		)
Income tax benefit	—			(1		)	(36		)	(37		)
Loss from discontinued operations, net of tax	$	—		$	(3	)	$	(59	)	$	(62	)
For the Six Months Ended June 30, 2015
Operating revenue	$	—		$	—		$	2		$	2
Loss from discontinued operations before income taxes	(377		)	(13		)	(142		)	(532		)
Income tax benefit	(100		)	(60		)	(43		)	(203		)
Loss from discontinued operations, net of tax	$	(277	)	$	47		$	(99	)	$	(329	)

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Selected financial information by reportable segment is as follows:

(in thousands)
For the Three Months Ended June 30, 2016	Operating Revenues			Depreciation and Amortization		Operating Income/(Loss)			Equity in Earnings/(Losses) of Affiliates, Net of Tax			Net Income/(Loss) From Continuing Operations			Capital Expenditures
PI	$	276,681		$	32,373	$	33,224		$	504		$	33,111		$	14,064
RMW	226,240			6,614		66,322			—			66,322			2,793
Corporate	7			4,304		(24,031		)	(426		)	(59,009		)	10,097
Eliminations	(2,724		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	500,204		$	43,291	$	75,515		$	78		$	40,424		$	26,954
For the Three Months Ended June 30, 2015
PI	$	161,105		$	24,365	$	17,057		$	7,685		$	24,570		$	10,213
RMW	227,611			8,003		64,934			—			64,930			3,486
Corporate	9			4,904		(21,284		)	(3,018		)	(56,236		)	3,863
Eliminations	(2,712		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	386,013		$	37,272	$	60,707		$	4,667		$	33,264		$	17,562
For the Six Months Ended June 30, 2016
PI	$	518,121		$	60,300	$	50,499		$	552		$	49,796		$	25,959
RMW	441,258			14,332		119,245			—			119,243			5,128
Corporate	3			8,303		(36,919		)	(563		)	(101,075		)	14,698
Eliminations	(5,635		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	953,747		$	82,935	$	132,825		$	(11	)	$	67,964		$	45,785
For the Six Months Ended June 30, 2015
PI	$	314,498		$	48,557	$	36,678		$	13,826		$	50,237		$	25,237
RMW	441,622			16,244		115,892			—			115,867			6,833
Corporate	32			8,449		(42,598		)	(5,392		)	(103,342		)	8,133
Eliminations	(5,368		)	—		—			—			—			—
Consolidated (excluding discontinued operations)	$	750,784		$	73,250	$	109,972		$	8,434		$	62,762		$	40,203

(in thousands)	As of			As of
Assets	June 30, 2016			December 31, 2015
PI	$	2,503,110		$	2,058,412
RMW	1,336,008			1,316,785
Corporate	5,608,361			5,318,990
Eliminations	(5,428,840		)	(5,021,152		)
Consolidated (excluding assets of discontinued operations)	$	4,018,639		$	3,673,035

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Basis of Condensed Consolidated Financial Statements (Details) $ / shares in Units, $ in Thousands, NZD in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2016 USD ($) customer $ / shares	Jun. 30, 2015 customer $ / shares	Mar. 31, 2015 USD ($) $ / shares	Jun. 30, 2016 USD ($) customer $ / shares	Jun. 30, 2015 customer $ / shares	Jan. 31, 2016 USD ($)	Jan. 31, 2016 NZD	Dec. 31, 2015 USD ($)	Dec. 31, 2015 NZD
Net income attributable to CoreLogic, diluted (usd per share) | $ / shares	$ 0.45	$ 0.36		$ 0.76	$ 0.68
Net income attributable to CoreLogic, basic (usd per share) | $ / shares	$ 0.46	$ 0.37		$ 0.77	$ 0.69
Marketable securities	$ 22,570			$ 22,570				$ 22,709
Mandatorily redeemable noncontrolling interests	0			0				18,981
Escrow deposit	804,900			804,900				340,300
Reserves Incorrect Disposition Of Assets	19,300			19,300				21,200
Deferred income tax assets, long-term	2,240			2,240				2,219
Deferred income tax liabilities, long term	$ 101,881			$ 101,881				107,249
Minimum [Member]
Escrow deposits, period held by the Company (in business days)				2 days
Maximum [Member]
Escrow deposits, period held by the Company (in business days)				5 days
Restatement Adjustment [Member]
Interest expense			$ 5,200
Interest expense, net			$ 3,100
Net income attributable to CoreLogic, diluted (usd per share) | $ / shares			$ 0.03
Net income attributable to CoreLogic, basic (usd per share) | $ / shares			$ 0.03
PIQ Acquisition [Member]
Mandatorily redeemable noncontrolling interests						$ 19,000	NZD 27.8	$ 19,000	NZD 27.8
Remaining equity interest acquired						40.00%	40.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of customers | customer	2	0		2	0
Ten Largest Clients [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration risk, percentage	43.00%	38.00%		43.00%	34.00%
Client A [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration risk, percentage	15.00%			14.00%
Client B [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration risk, percentage	11.00%			12.00%

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Basis of Condensed Consolidated Financial Statements (AOCI Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cumulative foreign currency translation	$ (109,117)	$ (114,427)
Cumulative supplemental benefit plans	(3,753)	(3,540)
Net unrecognized losses on interest rate swap	(5,737)	(2,699)
Net unrealized gains on marketable securities	463	550
Accumulated other comprehensive loss	$ (118,144)	$ (120,116)

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Investments in Affiliates, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Investments [Line Items]
Equity in earnings/(losses) of affiliates, net of tax	$ 78	$ 4,667	$ (11)	$ 8,434
Operating revenues from affiliates	2,700	5,200
Operating expenses with affiliates	2,900	3,100
Operating revenues	500,204	386,013	953,747	750,784
Operating expenses	$ 424,689	$ 325,306	820,922	$ 640,812
Maximum [Member]
Schedule of Investments [Line Items]
Equity in earnings/(losses) of affiliates, net of tax			(100)
RELS LLC [Member]
Schedule of Investments [Line Items]
Ownership percentage in joint venture					50.10%
Joint venture investment percentage of income in equity earnings of affiliates		85.90%		84.90%
Ownership percentage in affiliate		100.00%		100.00%
Joint Venture Loan Originations Products and Services [Member]
Schedule of Investments [Line Items]
Operating revenues			5,200	$ 9,400
Operating expenses			$ 5,500	$ 6,500

XML

Investments in Affiliates, Net (Equity Method Investment Table) (Details) - RELS LLC [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]
Total revenues	$ 69,759	$ 128,205
Expenses and other	56,806	105,068
Net income attributable to RELS LLC	12,953	23,137
CoreLogic equity in earnings of affiliate	$ 6,489	$ 11,592

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Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 973,170	$ 855,214
Less accumulated depreciation	(517,732)	(479,560)
Property and equipment, net	455,438	375,654
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,476	4,000
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	6,294	111
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	62,308	62,140
Capitalized software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	865,957	759,925
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 31,135	$ 29,038

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Property and Equipment, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 21.4	$ 19.2	$ 40.6	$ 37.1

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Goodwill, Net (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	May 31, 2016	Apr. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill				$ 1,889,072
Accumulated impairment losses				(7,525)
Goodwill, net			$ 2,099,173	1,881,547
Acquisitions			212,450
Translation adjustments			5,176
Goodwill, net			2,099,173	1,881,547
Property Intelligence [Member]
Goodwill [Roll Forward]
Goodwill				963,680
Accumulated impairment losses				(600)
Goodwill, net			1,180,706	963,080
Acquisitions	$ 900		212,450
Translation adjustments			5,176
Goodwill, net			1,180,706	963,080
Risk Management and Work Flow [Member]
Goodwill [Roll Forward]
Goodwill				925,392
Accumulated impairment losses				(6,925)
Goodwill, net			918,467	918,467
Acquisitions			0
Translation adjustments			0
Goodwill, net			$ 918,467	$ 918,467
FNC, Inc. [Member] | Property Intelligence [Member]
Goodwill [Roll Forward]
Acquisitions		$ 211,500

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Other Intangible Assets, Net (Schedule of Finite-Lived Intangible Assets by Major Class) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 788,858		$ 788,858		$ 607,791
Less accumulated amortization	(281,063)		(281,063)		(255,643)
Total	507,795		507,795		352,148
Amortization expense for finite-lived intangible assets	13,200	$ 9,800	24,900	$ 19,600
Client lists
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	639,404		639,404		496,192
Less accumulated amortization	(238,965)		(238,965)		(219,887)
Total	400,439		400,439		276,305
Non-compete agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	28,113		28,113		9,302
Less accumulated amortization	(8,946)		(8,946)		(7,983)
Total	19,167		19,167		1,319
Trade names and licenses
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	121,341		121,341		102,297
Less accumulated amortization	(33,152)		(33,152)		(27,773)
Total	$ 88,189		$ 88,189		$ 74,524

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Other Intangible Assets, Net (Finite Lived Intangible Asset Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Remainder of 2016	$ 30,840
2017	61,951
2018	61,147
2019	58,792
2020	56,639
Thereafter	238,426
Total	$ 507,795	$ 352,148

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Long-Term Debt, Net of Current (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Apr. 30, 1998
Debt Instrument [Line Items]
Gross	$ 1,653,178	$ 1,364,008
Debt Issuance Costs	(24,368)	(27,334)
Net	1,628,810	1,336,674
Less current portion of long-term debt	(43,863)	(48,497)
Long-term debt, net of current portion, gross	1,609,315	1,315,511
Long-term debt, net of current portion, debt issuance costs	(24,368)	(27,334)
Long-term debt, net of current portion, net	$ 1,584,947	1,288,177
7.25% senior notes due June 2021
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	7.25%
Acquisition-related note [Member] | Non-interest bearing acquisition note, $5.0 million installment due March 2016
Debt Instrument [Line Items]
Gross	$ 0	4,924
Debt Issuance Costs	0	0
Net	$ 0	4,924
Notes [Member] | 7.25% senior notes due June 2021
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	7.25%
Gross	$ 393,000	393,000
Debt Issuance Costs	(10,189)	(11,121)
Net	$ 382,811	381,879
Notes [Member] | 7.55% senior debentures due April 2028
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	7.55%		7.55%
Gross	$ 59,645	59,645
Debt Issuance Costs	(222)	(231)
Net	$ 59,423	$ 59,414
Notes [Member] | Term loan facility borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	2.19%	1.96%
Bank debt [Member] | Term loan facility borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively
Debt Instrument [Line Items]
Gross	$ 807,500	$ 828,750
Debt Issuance Costs	(8,431)	(9,720)
Net	$ 799,069	$ 819,030
Revolving line of credit [Member] | Revolving line of credit borrowings due April 2020, weighted-average interest rate of 2.19% and 1.96% as of June 30, 2016 and December 31, 2015, respectively
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	2.19%	1.96%
Gross	$ 390,000	$ 75,000
Debt Issuance Costs	(5,526)	(6,262)
Net	384,474	68,738
Other debt [Member] | Various debt instruments with maturities through 2019
Debt Instrument [Line Items]
Gross	3,033	2,689
Debt Issuance Costs	0	0
Net	$ 3,033	$ 2,689

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Long-Term Debt, Net of Current (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2010	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2016	Dec. 31, 2015	Apr. 30, 2015	Apr. 21, 2015	Dec. 31, 2014	Apr. 30, 1998
Debt Instrument [Line Items]
Accrued interest expense		$ 3,600,000		$ 3,600,000					$ 3,600,000
Potential increase to term loan and line of credit										$ 750,000,000
Term loan borrowings		1,653,178,000		1,653,178,000					1,364,008,000
Debt issuance costs			$ 6,500,000
Debt issuance costs expensed		18,401,000	17,480,000	32,681,000	$ 31,315,000
Debt issuance costs capitalized				0	6,452,000
Unamortized costs related to previously recorded debt issuance costs											$ 14,800,000
Unamortized debt issuance costs written off					1,600,000
Market value adjustments on interest rate swap, net of tax		(439,000)	1,113,000	(3,038,000)	(1,067,000)
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Swaps notional amount												$ 500,000,000
Swaps fixed interest rate												1.57%
Interest Rate Swap [Member] | Forecast [Member]
Debt Instrument [Line Items]
Quarterly amortization of interest rate swap notional amount						$ 25,000,000	$ 12,500,000
Remaining notional amount of swaps						$ 250,000,000
Swap [Member]
Debt Instrument [Line Items]
Deferred taxes on interest rate swaps		(300,000)	700,000	(1,900,000)	(700,000)
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Liability for interest rate swap agreements		9,291,000		9,291,000					4,370,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Liability for interest rate swap agreements		9,291,000		9,291,000					4,370,000
Minimum [Member]
Debt Instrument [Line Items]
Valid consents tendered, percentage of outstanding debentures	50.00%
Other Current Assets [Member]
Debt Instrument [Line Items]
Debt issuance costs capitalized					$ 6,100,000
7.25% senior notes due June 2021
Debt Instrument [Line Items]
Debt instrument, face amount		$ 400,000,000		$ 400,000,000
Debt instrument, stated interest rate percentage		7.25%		7.25%
Letter Of Credit Sub Facility [Member]
Debt Instrument [Line Items]
Term facility, maximum borrowing capacity										50,000,000
Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Term facility, maximum borrowing capacity										850,000,000
Amended Credit Agreement [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Term loan borrowings								$ 525,000,000
Contingent Credit Agreement Revolving Facility [Member]
Debt Instrument [Line Items]
Term facility, maximum borrowing capacity										550,000,000
Multi Currency Sub Facility [Member]
Debt Instrument [Line Items]
Term facility, maximum borrowing capacity										$ 100,000,000
Senior Debentures April 2028 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount													$ 100,000,000
Term Loan Due March 2019 [Member]
Debt Instrument [Line Items]
Debt issuance costs expensed			$ 400,000
Notes [Member] | 7.25% senior notes due June 2021
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage		7.25%		7.25%
Term loan borrowings		$ 393,000,000		$ 393,000,000					393,000,000
Notes [Member] | Senior Debentures April 2028 [Member]
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage		7.55%		7.55%									7.55%
Term loan borrowings		$ 59,645,000		$ 59,645,000					$ 59,645,000

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Effective Income Tax Rate [Abstract]
Effective income tax rate, continuing operations	33.50%	33.10%	34.70%	32.00%
Income tax of equity in earnings of affiliates	$ 0.3	$ 3.1	$ 0.4	$ 5.5
Unrecognized tax benefits, period decrease			$ 21.5

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Earnings Per Share (Reconciliation of Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator for basic and diluted net (loss)/income per share:
Net income from continuing operations	$ 40,424	$ 33,006	$ 67,964	$ 62,297
Loss from discontinued operations, net of tax	4	217	62	329
Net income/(loss) attributable to CoreLogic	$ 40,420	$ 32,789	$ 67,902	$ 61,968
Denominator for basic and diluted net (loss)/income per share:
Weighted-average shares for basic income per share (in shares)	88,572	89,654	88,441	89,702
Diluted effect of stock options and restricted stock units (in shares)	1,396	1,309	1,506	1,336
Weighted-average shares for diluted income per share (in shares)	89,968	90,963	89,947	91,038
Earnings Per Share, Basic
Net income from continuing operations (usd per share)	$ 0.46	$ 0.37	$ 0.77	$ 0.69
Income/(loss) from discontinued operations, net of tax (usd per share)	0.00	0.00	0.00	0.00
Net income attributable to CoreLogic (usd per share)	0.46	0.37	0.77	0.69
Earnings Per Share, Diluted
Net income from continuing operations (usd per share)	0.45	0.36	0.76	0.68
Income/(loss) from discontinued operations, net of tax (usd per share)	0.00	0.00	0.00	0.00
Net income attributable to CoreLogic (usd per share)	$ 0.45	$ 0.36	$ 0.76	$ 0.68

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Earnings Per Share (Antidilutive Shares) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	0.1	0.1	0.1	0.2

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Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unrealized losses in connection with contingent consideration	$ 900	$ 900
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	72,367	72,367	$ 99,090
Restricted cash	11,009	11,009	10,926
Marketable securities	22,570	22,570	22,709
Total Financial Assets	105,946	105,946	132,725
Contingent consideration	8,900	8,900
Total debt	1,677,100	1,677,100	1,315,473
Total Financial Liabilities	1,686,000	1,686,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	72,367	72,367	99,090
Restricted cash	0	0	0
Marketable securities	22,570	22,570	22,709
Total Financial Assets	94,937	94,937	121,799
Contingent consideration	0	0
Total debt	0	0	0
Total Financial Liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0	0
Restricted cash	11,009	11,009	10,926
Marketable securities	0	0	0
Total Financial Assets	11,009	11,009	10,926
Contingent consideration	0	0
Total debt	1,677,100	1,677,100	1,315,473
Total Financial Liabilities	1,677,100	1,677,100
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Marketable securities	0	0
Total Financial Assets	0	0
Contingent consideration	8,900	8,900
Total debt	0	0
Total Financial Liabilities	8,900	8,900
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability for interest rate swap agreements	9,291	9,291	4,370
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability for interest rate swap agreements	0	0	0
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability for interest rate swap agreements	9,291	9,291	$ 4,370
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liability for interest rate swap agreements	$ 0	$ 0

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Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jul. 29, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan, percent of stock price at closing date	85.00%		85.00%
Stock-based compensation expense	$ 9,775	$ 9,807	$ 19,318	$ 18,539
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted during the period (in units)			942,973	939,354
Estimated grant-date fair value			$ 32,700	$ 33,200
Award vesting period in years			3 years
Unrecognized compensation cost	43,600		$ 43,600
Period of recognition for unrecognized compensation cost in years			2 years 2 months 25 days
Stock-based compensation expense	6,560	6,819	$ 13,578	$ 12,833
PBRSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted during the period (in units)			278,799	222,788
Estimated grant-date fair value			$ 9,800	$ 7,600
Unrecognized compensation cost	23,000		$ 23,000
Period of recognition for unrecognized compensation cost in years			2 years 23 days
Stock-based compensation expense	2,701	2,272	$ 4,514	4,052
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	600		$ 600
Period of recognition for unrecognized compensation cost in years			9 months
Intrinsic value of options exercised			$ 3,200	5,900
Stock-based compensation expense	217	474	601	1,037
CoreLogic 2011 Performance Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)					21,909,000
Cost of Services [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,400	$ 800	$ 2,900	$ 1,400

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Stock-Based Compensation (Restricted Stock Units and PBRSU) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Restricted Stock Units (RSUs) [Member]
Number of Shares
Outstanding, Beginning of Period (in units)	1,537,000
Granted (in units)	942,973	939,354
Vested (in units)	(690,000)
Forfeited (in units)	(57,000)
Outstanding, End of Period (in units)	1,733,000
Weighted Average Grant Date Fair Value
Unvested units outstanding, Beginning Balance (usd per unit)	$ 32.92
Granted (usd per unit)	34.68
Vested (usd per unit)	32.57
Forfeited (usd per unit)	34.48
Unvested units outstanding, Ending Balance (usd per unit)	$ 33.96
PBRSU [Member]
Number of Shares
Outstanding, Beginning of Period (in units)	659,000
Granted (in units)	278,799	222,788
Vested (in units)	(88,000)
Forfeited (in units)	(91,000)
Outstanding, End of Period (in units)	758,000
Weighted Average Grant Date Fair Value
Unvested units outstanding, Beginning Balance (usd per unit)	$ 29.15
Granted (usd per unit)	35.30
Vested (usd per unit)	26.04
Forfeited (usd per unit)	19.50
Unvested units outstanding, Ending Balance (usd per unit)	$ 34.10

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Stock-Based Compensation (PBRSU Weighted Average Assumptions) (Details) - PBRSU [Member]		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield		0.00%	0.00%
Risk-free interest rate	[1]	0.99%	0.93%
Expected volatility	[2]	25.12%	24.01%
Average total stockholder return	[2]	1.48%	8.37%

[1] The risk-free interest rate for the periods within the contractual term of the PBRSUs is based on the U.S. Treasury yield curve in effect at the time of the grant.

[2] The expected volatility and average total stockholder return are measures of the amount by which a stock price has fluctuated or is expected to fluctuate based primarily on our and our peers' historical data.

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Stock-Based Compensation (PBRSU) (Details) - PBRSU [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Number of Shares
Number of units unvested (in units)	758,000		659,000
Granted (in units)	278,799	222,788
Vested (in units)	88,000
Forfeited (in units)	(91,000)
Weighted Average Grant Date Fair Value
Unvested units outstanding, Beginning Balance (usd per unit)	$ 29.15
Granted (usd per unit)	35.30
Vested (usd per unit)	26.04
Forfeited (usd per unit)	19.50
Unvested units outstanding, Ending Balance (usd per unit)	$ 34.10

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Stock-Based Compensation (Options) (Details) - Stock Options [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($) $ / shares shares
Number of Shares
Options outstanding, beginning balance (in shares) | shares	1,826,210
Options exercised (in shares) | shares	(251,214)
Options outstanding, ending balance (in shares) | shares	1,575,000
Options vested and expected to vest, outstanding (in shares) | shares	1,570,560
Options exercisable, end of period (in shares) | shares	1,495,456
Weighted-Average Exercise Price
Options outstanding, beginning balance (usd per share) | $ / shares	$ 21.33
Options exercised (usd per share) | $ / shares	22.03
Options outstanding, ending balance (usd per share) | $ / shares	21.22
Options vested and expected to vest (usd per share) | $ / shares	21.20
Options exercisable, end of period (usd per share) | $ / shares	$ 20.68
Aggregate Intrinsic Value
Options outstanding, Aggregate Intrinsic Value | $	$ 27,152
Options vested and expected to vest, Aggregate Intrinsic Value | $	27,136
Options exercisable, Aggregate Intrinsic Value | $	$ 26,618
Weighted Average Remaining Contractual Term
Options outstanding, Weighted Average Remaining Contractual Term (in years)	5 years 15 days
Options vested and expected to vest, Weighted Average Remaining Contractual Term (in years)	5 years 15 days
Option exercisable, Weighted Average Remaining Contractual Term (in years)	4 years 10 months 28 days

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Stock-Based Compensation (Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 9,775	$ 9,807	$ 19,318	$ 18,539
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	6,560	6,819	13,578	12,833
PBRSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	2,701	2,272	4,514	4,052
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	217	474	601	1,037
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 297	$ 242	$ 625	$ 617

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Litigation and Regulatory Contingencies (Details)	Jun. 30, 2016 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss contingency accrual	$ 0

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Acquisitions (Details) NZD in Millions, AUD in Millions	1 Months Ended					3 Months Ended		6 Months Ended
	Apr. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Oct. 31, 2015 USD ($)	Oct. 31, 2015 AUD	Sep. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jan. 31, 2016 USD ($)	Jan. 31, 2016 NZD	Dec. 31, 2015 NZD
Business Acquisition [Line Items]
Goodwill acquired								$ 212,450,000
Mandatorily redeemable noncontrolling interests		$ 18,981,000				$ 0		0
Gain/(loss) on investments and other, net						2,958,000	$ (1,356,000)	2,707,000	$ (1,047,000)
Acquisition-related costs						$ 5,100,000	$ 1,700,000	$ 6,100,000	$ 1,800,000
FNC, Inc. [Member]
Business Acquisition [Line Items]
Cash paid at closing in acquisition	$ 400,000,000
Contingent consideration	8,000,000
Deferred tax liability acquired	83,500,000
Property and equipment acquired	$ 79,800,000
PIQ Acquisition [Member]
Business Acquisition [Line Items]
Remaining equity interest acquired										40.00%	40.00%
Mandatorily redeemable noncontrolling interests		19,000,000								$ 19,000,000	NZD 27.8	NZD 27.8
RELS LLC [Member]
Business Acquisition [Line Items]
Cash paid at closing in acquisition		65,000,000
Property and equipment acquired		27,000,000
Goodwill acquired		23,100,000
Amount of goodwill deductible for tax purposes		11,500,000
Gain/(loss) on investments and other, net		$ 34,300,000
Cordell Information Pty Ltd [Member]
Business Acquisition [Line Items]
Cash paid at closing in acquisition			$ 49,100,000	AUD 70.0
Property and equipment acquired			14,300,000
Goodwill acquired			$ 31,900,000
Landsafe [Member]
Business Acquisition [Line Items]
Cash paid at closing in acquisition					$ 122,000,000
Goodwill acquired					$ 64,600,000
Property, Plant and Equipment [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Estimated average life in years	12 years
Property, Plant and Equipment [Member] | RELS LLC [Member]
Business Acquisition [Line Items]
Estimated average life in years		10 years
Property, Plant and Equipment [Member] | Cordell Information Pty Ltd [Member]
Business Acquisition [Line Items]
Estimated average life in years			10 years	10 years
Customer Lists [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Estimated average life in years	16 years
Finite-lived intangible assets acquired	$ 141,800,000
Customer Lists [Member] | RELS LLC [Member]
Business Acquisition [Line Items]
Estimated average life in years		10 years
Finite-lived intangible assets acquired		$ 48,400,000
Customer Lists [Member] | Cordell Information Pty Ltd [Member]
Business Acquisition [Line Items]
Estimated average life in years			8 years	8 years
Finite-lived intangible assets acquired			$ 5,500,000
Customer Lists [Member] | Landsafe [Member]
Business Acquisition [Line Items]
Estimated average life in years					10 years
Finite-lived intangible assets acquired					$ 53,400,000
Trade Names [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Estimated average life in years	19 years
Finite-lived intangible assets acquired	$ 15,900,000
Trade Names [Member] | Cordell Information Pty Ltd [Member]
Business Acquisition [Line Items]
Estimated average life in years			4 years	4 years
Finite-lived intangible assets acquired			$ 600,000
Non-compete agreements [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Estimated average life in years	5 years
Finite-lived intangible assets acquired	$ 18,800,000
Other Intangible Assets [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Estimated average life in years	10 years
Finite-lived intangible assets acquired	$ 2,900,000
Other Intangible Assets [Member] | RELS LLC [Member]
Business Acquisition [Line Items]
Estimated average life in years		10 years
Finite-lived intangible assets acquired		$ 5,000,000
Other Intangible Assets [Member] | Landsafe [Member]
Business Acquisition [Line Items]
Estimated average life in years					10 years
Finite-lived intangible assets acquired					$ 4,300,000
RELS LLC [Member]
Business Acquisition [Line Items]
Ownership percentage in joint venture		50.10%										50.10%
Maximum [Member] | FNC, Inc. [Member]
Business Acquisition [Line Items]
Consideration transferred	475,000,000
Certain closing adjustments to be paid	$ 75,000,000

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Discontinued Operations (Narrative) (Details) $ in Millions	Sep. 30, 2014 USD ($)
Field and Collateral [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration received	$ 29.1

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Discontinued Operations (Financial Statement Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Statement [Abstract]
Loss from discontinued operations, net of tax	$ (4)	$ (217)	$ (62)	$ (329)
Discontinued Operations, Disposed of by Sale [Member] | Components Total [Member]
Statement of Financial Position [Abstract]
Deferred income tax asset and other current assets	681		681		$ 681
Accounts payable, accrued expenses and other current liabilities	2,506		2,506		2,527
Income Statement [Abstract]
Operating revenue	0	0	0	2
Loss from discontinued operations before income taxes	(6)	(351)	(99)	(532)
Income tax benefit	(2)	(134)	(37)	(203)
Loss from discontinued operations, net of tax	(4)	(217)	(62)	(329)
Discontinued Operations, Disposed of by Sale [Member] | Property Intelligence [Member] | Discontinued Operations Marketing [Member]
Statement of Financial Position [Abstract]
Deferred income tax asset and other current assets	326		326		326
Accounts payable, accrued expenses and other current liabilities	238		238		250
Income Statement [Abstract]
Operating revenue	0	0	0	0
Loss from discontinued operations before income taxes	0	(292)	0	(377)
Income tax benefit	0	(67)	0	(100)
Loss from discontinued operations, net of tax	0	(225)	0	(277)
Discontinued Operations, Disposed of by Sale [Member] | Risk Management and Work Flow [Member] | Discontinued Operations Appraisal [Member]
Statement of Financial Position [Abstract]
Deferred income tax asset and other current assets	(217)		(217)		(217)
Accounts payable, accrued expenses and other current liabilities	319		319		319
Income Statement [Abstract]
Operating revenue	0	0	0	0
Loss from discontinued operations before income taxes	(3)	(11)	(4)	(13)
Income tax benefit	(1)	(60)	(1)	(60)
Loss from discontinued operations, net of tax	(2)	49	(3)	47
Discontinued Operations, Disposed of by Sale [Member] | Asset Management and Processing Solutions [Member]
Income Statement [Abstract]
Operating revenue		0	0	2
Loss from discontinued operations before income taxes		(48)	(95)	(142)
Income tax benefit		(7)	(36)	(43)
Loss from discontinued operations, net of tax		$ (41)	(59)	$ (99)
Discontinued Operations, Disposed of by Sale [Member] | Asset Management and Processing Solutions [Member] | Asset Management and Processing Solutions [Member]
Statement of Financial Position [Abstract]
Deferred income tax asset and other current assets	572		572		572
Accounts payable, accrued expenses and other current liabilities	1,949		$ 1,949		$ 1,958
Income Statement [Abstract]
Operating revenue	0
Loss from discontinued operations before income taxes	(3)
Income tax benefit	(1)
Loss from discontinued operations, net of tax	$ (2)

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Segment Information (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2016 USD ($) segment	Jun. 30, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment		2
Operating Segments [Member] | Property Intelligence [Member]
Segment Reporting Information [Line Items]
Segment reporting intercompany revenue	$ 1.5	$ 2.7	$ 3.0
Segment reporting intercompany expense	1.2	2.9	2.4
Operating Segments [Member] | Risk Management and Work Flow [Member]
Segment Reporting Information [Line Items]
Segment reporting intercompany revenue	1.2	2.9	2.4
Segment reporting intercompany expense	$ 1.5	$ 2.7	$ 3.0

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Segment Information (Financial Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Operating Revenues	$ 500,204	$ 386,013	$ 953,747	$ 750,784
Depreciation and Amortization	43,291	37,272	82,935	73,250
Operating Income/(Loss)	75,515	60,707	132,825	109,972
Equity in Earnings/(Losses) of Affiliates, Net of Tax	78	4,667	(11)	8,434
Net Income/(Loss) From Continuing Operations	40,424	33,264	67,964	62,762
Capital Expenditures	26,954	17,562	45,785	40,203
Assets	4,018,639		4,018,639		$ 3,673,035
Operating Segments [Member] | Property Intelligence [Member]
Segment Reporting Information [Line Items]
Operating Revenues	276,681	161,105	518,121	314,498
Depreciation and Amortization	32,373	24,365	60,300	48,557
Operating Income/(Loss)	33,224	17,057	50,499	36,678
Equity in Earnings/(Losses) of Affiliates, Net of Tax	504	7,685	552	13,826
Net Income/(Loss) From Continuing Operations	33,111	24,570	49,796	50,237
Capital Expenditures	14,064	10,213	25,959	25,237
Assets	2,503,110		2,503,110		2,058,412
Operating Segments [Member] | Risk Management and Work Flow [Member]
Segment Reporting Information [Line Items]
Operating Revenues	226,240	227,611	441,258	441,622
Depreciation and Amortization	6,614	8,003	14,332	16,244
Operating Income/(Loss)	66,322	64,934	119,245	115,892
Equity in Earnings/(Losses) of Affiliates, Net of Tax	0	0	0	0
Net Income/(Loss) From Continuing Operations	66,322	64,930	119,243	115,867
Capital Expenditures	2,793	3,486	5,128	6,833
Assets	1,336,008		1,336,008		1,316,785
Corporate [Member]
Segment Reporting Information [Line Items]
Operating Revenues	7	9	3	32
Depreciation and Amortization	4,304	4,904	8,303	8,449
Operating Income/(Loss)	(24,031)	(21,284)	(36,919)	(42,598)
Equity in Earnings/(Losses) of Affiliates, Net of Tax	(426)	(3,018)	(563)	(5,392)
Net Income/(Loss) From Continuing Operations	(59,009)	(56,236)	(101,075)	(103,342)
Capital Expenditures	10,097	3,863	14,698	8,133
Assets	5,608,361		5,608,361		5,318,990
Eliminations [Member]
Segment Reporting Information [Line Items]
Operating Revenues	(2,724)	(2,712)	(5,635)	(5,368)
Depreciation and Amortization	0	0	0	0
Operating Income/(Loss)	0	0	0	0
Equity in Earnings/(Losses) of Affiliates, Net of Tax	0	0	0	0
Net Income/(Loss) From Continuing Operations	0	0	0	0
Capital Expenditures	0	$ 0	0	$ 0
Assets	$ (5,428,840)		$ (5,428,840)		$ (5,021,152)

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Subsequent Events (Details) - USD ($)	1 Months Ended
	Jul. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Term loan borrowings		$ 1,653,178,000	$ 1,364,008,000
Subsequent Event [Member] | Amended Credit Agreement [Member]
Subsequent Event [Line Items]
Term loan borrowings	$ 525,000,000
Percentage of principal amount outstanding borrowings were redeemed	103.625%
Amount of debt redeemed	$ 411,000,000
Subsequent Event [Member] | Contingent Credit Agreement Revolving Facility [Member]
Subsequent Event [Line Items]
Amount of debt redeemed	$ 110,000,000