In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other AMCs have enhanced their offerings.

The biggest news of the day is CoreLogic Inc.’s announcement Tuesday that it has reached an agreement to acquire Mercury Network from Serent Capital.

Irvine, California-based CoreLogic noted that it has already acquired a 45 percent passive minority stake in Mercury and plans to purchase the remaining portion this year.

Source: Mortgage Daily