Santa Ana-based CoreLogic Inc., a provider of data to real estate and mortgage companies, has bought the remaining stake in a San Mateo-based mortgage software company it doesn’t already own for $32 million.
CoreLogic said on Tuesday it is buying Dorado Network Systems Corp., in an all-cash transaction.
CoreLogic previously held a 38% equity interest in Dorado, which provides cloud computing software that automates the loan origination process.
Dorado’s products are designed to provide for improved loan quality and transaction transparency.
Cloud computing lets companies store and run their data and software programs on outsourced servers, cutting costs.
The company will operate under the CoreLogic Dorado name.
Shares in CoreLogic, which counts a market value of about $2 billion, were unchanged by the announcement.
