Two dark pool orders were detected in CLGX stock on January 10, 2020.

The first dark pool order looks like a buy. The second dark pool order we are a bit more uncertain of but it still looks like a buy IMO. Always remember we’re using intelligent guessing at best!

On December 19, 2019, CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, announced that it has fully integrated its leading Verification of Employment and Income solutions with Fannie Mae’s Desktop Underwriter® (DU®) validation service. Through this integration, mortgage lenders can now receive both automated and manual borrower employment and income verifications from CoreLogic as part of the DU validation service so they can get Day 1 Certainty® from Fannie Mae, providing lenders with automated access and rapid representations and warranties relief for validated loan components.

This milestone advances CoreLogic industry leadership in providing complete credit, income and borrower verification solutions while establishing a broader path to growth in the digital mortgage space. With Fannie Mae’s approval, CoreLogic is now able to provide clients with a comprehensive suite of Day 1 Certainty borrower verification solutions, delivering efficiency, growth and certainty to customers.

“At CoreLogic, we are laser-focused on innovating solutions to help our clients take time, touch, and cost out of every origination,” said Jay Kingsley, executive, CoreLogic Credit and Borrower Solutions. “With this announcement, CoreLogic has achieved a major milestone in our growth strategy for AutomatIQ™ Borrower and our march toward the digital mortgage: we are now able to provide our clients with truly end-to-end verification solutions, which helps accelerate our growth and the value we deliver to clients in 2020 and beyond.”

On December 11, 2019, CoreLogic (NYSE: CLGX) announced that its Board of Directors has approved the initiation of a quarterly cash dividend to common shareholders. CoreLogic will pay a cash dividend of $0.22 per share of common stock on January 24, 2020 to shareholders of record on the close of business January 10, 2020. The dark pool orders could have had something to do with large players wanting to capture this dividend.

”The Board’s decision to initiate a dividend, as we enter our tenth year as a public company, demonstrates our long-held commitment to recognize and reward our long-term shareholders through a robust capital return program. Our ability to return significant capital over time is made possible by the consistent delivery of our operating and financial plans which drive sustainable, profitable revenue growth and strong free cash flow generation,” said Paul Folino, Chairman of the Board of CoreLogic.

“Since 2010, CoreLogic’s durable and cash generative business model has allowed us to reinvest in our business, prudently manage our debt levels, and return approximately $1.5 billion of capital to our shareholders through the repurchase of approximately 49 million of our common shares. As we move into 2020, the initiation of a dividend is a logical progression and adds another element to our capital allocation strategy. We believe a dividend will provide predictable ongoing returns and underscores our commitment to deliver long-term value to our shareholders, while continuing to allow for the repurchase of shares on an opportunistic basis,” said Frank Martell, President and Chief Executive Officer of CoreLogic.

finviz dynamic chart for  clgx

What’s Next? Make Sure To Review This Lesson On Dark Pool Trading!

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