Industry NewsTechnology

CoreLogic settles with 2 defendants in AVM patent case

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Real estate and loan data aggregator CoreLogic has reached settlements with two of the 11 companies it sued last year over allegations that property valuations they provide using automated valuation models (AVMs) infringe on a 1994 patent.

In separate motions to dismiss its claims against Intellireal LLC and Precision Appraisal, CoreLogic said it will continue to press its case against the other defendants in the lawsuit, including Lender Processing Services (LPS), Zillow, and Fiserv Inc.

CoreLogic's claims against Intellireal were dismissed on May 26, and Precision Appraisal was dismissed from the lawsuit on Dec. 2. In a statement issued Monday, CoreLogic said it had entered into a patent license agreement with Intellireal as part of its settl...