Over the past five years, Anand Nallathambi has led CoreLogic through an initial public offering, shaved $100 million in expenses and restructured the company into a higher-growth, higher-margin leader centered on its unprecedented residential property-related data and analytics.
CoreLogic, formerly the Information Solutions Group of the First American Corp., began trading under the NYSE ticker symbol “CLGX” in 2010. As president and chief operating officer of the Information Services Group, Nallathambi was responsible for its strategic positioning and operating activities.
His vision was to take the company’s combined data from public, contributory and proprietary sources – including more than 4.5 billion records spanning more than 50 years that cover property, mortgages, consumer credit, tenancy, location, hazard risk and related performance information – and build services that provide clients with a 360-degree view of individual properties.
The complete view would allow CoreLogic to become the ultimate partner for its clients to more effectively manage risk and drive growth in their respective markets, he said.
With more than a million users, CoreLogic delivers unique data, analytics, workflow technology, advisory and managed services.
During the restructuring, Nallathambi concentrated on CoreLogic’s core business operations, transforming the company’s organization from a fragmented structure to one that leverages its strengths, reducing costs and reinvesting in products, services and technology.
In its most recent financial results for Q2 2015, CoreLogic reported revenue growth of 5.5% to $386 million, fueled by 8% growth in technology and processing solutions and 5.8% in data and analytics revenue.
Nallathambi remains focused on putting clients first, balancing a data-enabled solutions strategy, investing in innovation for organic growth and a highly-targeted mergers and acquisitions strategy, he said. In an effort to expand existing and adjacent markets of insurance and natural hazards science, CoreLogic has acquired Marshall & Swift/Boeckh, DataQuick Information Systems and Weather Fusion. It also acquired GoMLS, a mobile app for Realtors, brokers and agents.
As mortgage originations have reset and compliance and risk management have become top client priorities, he has helped grow the company in areas such as tax and flood determination services and credit solutions and risk mitigation products such as LoanSafe Compliance Manager.
CoreLogic also is strengthening its risk assessment and underwriting tools with new products such as HOA Super Lien Check and CondoSafe.
Nallathambi led the company’s international expansion with the addition of CoreLogic NZ, a property information provider to New Zealand real estate professionals, with over 800 customers.
Recently, the company launched CoreLogic Innovation Labs, an accelerator of its ongoing Technology Transformation Initiative, which will support the expansion of the company’s mobile applications suite and other innovations.
Since 1995, Nallathambi has held various executive positions at First American Corp. He serves on a number of industry boards, including the Mortgage Bankers Association and the Joint Center for Housing Studies.
“I believe I have been able to identify, develop and motivate strong leaders by creating an atmosphere that values and rewards innovation, dedication and client focus,” Nallathambi said. “I can trust my high-performing team to not only operationalize my vision, but also leverage their individual strengths to drive results. The success that CoreLogic has had, despite a challenging economy, along with our positive and lasting impact on the industry is a reflection of our talented team and their pursuit of excellence.”