CoreLogic Inc. paid Wells Fargo Bank N.A. $65 million for the 49.9% of RELS LLC it didn’t yet own.
Irvine-based CoreLogic provides property information and analytics. RELS is an appraisal company in Minneapolis.
It’s the third such acquisition CoreLogic has announced or completed in the past three months.
It bought Plano, Texas-based LandSafe Appraisal Services from Bank of America for $122 million on Sept. 30. It said in December that it was buying Oxford, Miss.-based appraisal tracking software maker FNC Inc. for $475 million. FNC has an office in Costa Mesa.
CoreLogic Chief Executive Anand Nallathambi said the acquisitions “should generate significant topline growth opportunities” this year “and beyond.” The company said the RELS acquisition would be accretive to CoreLogic’s 2016 earnings.
CoreLogic and Wells Fargo were partners in RELS for about 20 years.
CoreLogic traded recently at a $3 billion market cap.
