CoreLogic said it has completed the transformation of its appraisal management company (AMC) operations which was commenced in December 2018, the company announced in a release.
The transformation program focused on greater use of data-driven analytics, automation of critical workflows and enhanced utilization of dedicated staff appraisers. The successful completion of the program and progressive launch of the enhanced service model is expected to increase client satisfaction by significantly reducing appraiser turn times and improving quality and productivity, the company said.
Based on a strong pipeline of secured business and pending contract signings, CoreLogic’s AMC is expected to generate strong growth and significantly higher profit margins in 2020 and beyond.
“The successful completion of the AMC transformation is a major accomplishment and a significant milestone for CoreLogic. Our new AMC service model has been well received and an accelerating trend of client contract signings and adoption sets us up well for double-digit underlying organic growth in this business next year,” CoreLogic President and CEO Frank Martell said in the release.
“In addition to powering accelerated organic growth trends and margin expansion, the completion of the AMC transformation has contributed to our high quality more diversified revenue base and provides clarity with regards to the financial trends in this business for 2020 and beyond,” Martell added.
CoreLogic is a leading global provider of property information, insight, analytics and data-enabled solutions.