CoreLogic Provides 2011 Guidance Update and Full-Year 2012 Outlook

- Fourth-quarter and full-year results expected to exceed high end of 2011 adjusted revenue, adjusted EBITDA and adjusted EPS guidance.

SANTA ANA, Calif., Jan. 19, 2012 — (PRNewswire) —  CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information, analytics and services, today provided a market update on 2011 and 2012 financial guidance. 

"CoreLogic is exiting 2011 with strong momentum driven primarily by an upswing in mortgage origination volumes and successful execution of our Project 30 cost reduction plan.  As a result, we expect CoreLogic to beat our previous guidance for the full year of 2011.  Continued revenue growth and cost savings position CoreLogic for strong financial results in 2012," said Anand Nallathambi, President and Chief Executive Officer.  

"With approximately $259 million in cash, we are entering 2012 with significant financial flexibility," added Frank Martell, Chief Financial Officer. "We are confident that we will achieve the targeted $60 million in Project 30 cost savings in 2012.  We took significant actions in the second half of 2011 that should deliver about half of our goal, and we have solid execution plans to achieve the remainder in 2012."

2012 Financial Guidance(1)

(1) Certain information presented in this release is on an adjusted basis. For more information about the Company's adjusted results, as well as other non-GAAP financial measures used by management, please refer to the discussion on the Use of Non-GAAP Financial Measures found on page 3 of this release.

• Expected growth in 2012 revenue reflects the impact of 2011 acquisitions and organic growth in spatial solutions and Data and Analytics segment revenues.
• Strong growth in 2012 Adjusted EBITDA reflects the impact of significant cost savings actions under the Company's Project 30 initiative, the impact of 2011 acquisitions and organic revenue growth.
• The company reaffirms its targeted incremental cost reductions of $60 million through Project 30 cost initiatives in 2012. Approximately half of this amount is expected to result from actions taken by the company in the second half of 2011.

Liquidity Update

• At December 31, 2011, CoreLogic had total cash of approximately $259 million, up $120 million from September 30, 2011.
• Total debt as of December 31, 2011, was approximately $908 million, with available capacity on the Company's credit facility of approximately $498 million.

Strategic Alternatives Review

• As previously announced on August 29, 2011, CoreLogic's Board of Directors has created a committee of independent directors to explore a wide range of options aimed at enhancing shareholder value. This review is currently ongoing.

Fourth Quarter and Full-Year 2011 Earnings Release and Conference Call

CoreLogic expects to report its fourth quarter and full-year results after the market close on February 27, 2012.  CoreLogic management will host a live webcast and conference call on Tuesday, February 28, 2012, at 8:00 a.m. Pacific time (11:00 a.m. Eastern time) to discuss these results. All interested parties are invited to listen to the event via webcast on the CoreLogic website at http://investor.corelogic.com. The discussion is also available through dial-in number 1-800-798-2801 for U.S./Canada participants or 617-614-6205 for international participants using Conference ID 24200512.

A replay of the webcast will be available on the CoreLogic investor website for 30 days and also through the conference call number 1-888-286-8010 for U.S./Canada participants or 617-801-6888 for international participants using Conference ID 54388010.

About CoreLogic
CoreLogic (NYSE: CLGX ) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif. , has more than 5,000 employees globally. For more information visit www.corelogic.com .