Mortgage Risk Assessment Company Expanding to Rancho Cordova

Rancho Cordova is soon to be home to the large mortgage risk assessment software company, First American Core-Logic. The company has concluded its year long search for a local location and has ended up signing one of the year’s largest leases.

First American Core-Logic has signed a deal to occupy a two-story, 54,000-square-foot building in the Capital Center office complex in Rancho Cordova. They’ve agreed to pay about $1.70 per square foot – a bit below current market rates – for the Class B space at 11010 White Rock Road. The building is owned by DRA Advisers of New York.

The company was created in February 2007 and is a merger of Sacramento start up Core-Logic Systems and First American Corp. out of Irvine. The company had considered three sites before choosing the White Rock location for its 200 employees. The Sacramento offices are currently located nearby, on Old Placerville Road.

As a leading mortgage risk assessment company, First American Core-Logic boasts 4.5 million transactions per month, 500 million historical transactions, and 3.5 billion document images. They offer broad range of products including property profiles, digital street maps, automated valuation models, legal and vesting information, document images, profiling and lead generation tools, and market analysis, among many others.