CoreLogic, a residential property information, analytics and services provider, announced that the company has entered into a definitive agreement to acquire Marshall & Swift/Boeckh, DataQuick Information Systems and the credit and flood services operations of DataQuick Lender Solutions from the Decision Insight Information Group (DIIG). The transaction is expected to close during the third quarter of 2013 and is subject to customary closing conditions and regulatory clearance. The purchase price of the transaction is $661 million.

Founded in 1930, Marshall & Swift/Boeckh (MSB) is a provider of building cost information, residential and commercial analytics solutions and business management services for property insurance companies, financial services organizations and the public sector. Using proprietary data, algorithms and platforms that leverage best-in-class replacement and repair cost estimates, analytics and other services, MSB assists insurers in analyzing risk, underwriting property insurance coverage and estimating, managing and analyzing claims.

DataQuick Information Systems is a supplier of real estate data, analytics and business solutions to mortgage originators and servicers, investors, real estate professionals and the public sector. Employing a database of over 120 million U.S. residential properties, DataQuick provides customized analytical solutions, credit reporting, flood zone determination services, fraud monitoring, property valuation and automated decision software.