Productivity Programs

As previously announced, the Company intends to incur cash and non-cash charges of approximately $15 million over the course of 2018 relating to its expansion of certain efficiency programs and infrastructure enhancements. These charges will be reflected in the Company’s GAAP financial results and will be excluded from adjusted EBITDA and adjusted EPS metrics which are non-GAAP measures. This program is expected to increase overall margins in line with long-term strategic targets by improving operating efficiency and accelerating the transformation of certain technology and data platforms. In addition, the Company expects to further consolidate its real estate footprint, reduce SG&A costs and automate and/or outsource certain business activities.

Liquidity and Capital Resources

As of September 30, 2018, cash and cash equivalents totaled $98 million compared with $119 million at December 31, 2017. For the nine months ended September 30, 2018, we made repayments of long-term debt of $115 million, of which $68 million were prepayments on our term loan as of period-end. Total debt as of September 30, 2018 was $1,785 million versus $1,777 million as of December 31, 2017. As of September 30, 2018, the Company had available capacity on its revolving credit facility of $580 million.

Net operating cash provided by continuing operations for the twelve months ended September 30, 2018 was $364 million. Free cash flow (FCF) for the twelve months ended September 30, 2018 totaled $276 million, which represented 54% of adjusted EBITDA. FCF is defined as net cash provided by continuing operating activities less capital expenditures for purchases of property and equipment, capitalized data and other intangible assets.

On October 22, 2018 the Company entered into a definitive agreement to acquire the outstanding shares of Symbility, not currently owned by CoreLogic, for C$0.615 per share. CoreLogic currently holds an approximate 28% ownership interest in Symbility. The Company intends to fund the acquisition of Symbility using cash on hand and available amounts under its revolving credit facility. The transaction is subject to shareholder and option-holder approval, court approval, certain third-party consents and the satisfaction of customary closing conditions.

In the third quarter of 2018, the Company repurchased 479,000 of its common shares for $24 million.

Teleconference/Webcast

CoreLogic management will host a live webcast and conference call on Thursday, October 25, 2018, at 8:00 a.m. Pacific time (11:00 a.m. Eastern Time) to discuss these results. All interested parties are invited to listen to the event via webcast on the CoreLogic website at http://investor.corelogic.com. Alternatively, participants may use the following dial-in numbers: 1-844-861-5502 for U.S./Canada callers or 412-858-4604 for international callers. Additional detail on the Company's results are included in the quarterly financial supplement, available on the Investor Relations page at http://investor.corelogic.com.

A replay of the webcast will be available on the CoreLogic investor website for 10 days and through the conference call number 1-877-344-7529 for U.S. participants, 855-669-9658 for Canada participants or 1-412-317-0088 for international participants using Conference ID 10124791.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The Company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed solutions. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Safe Harbor / Forward Looking Statements

Certain statements made in this press release are forward-looking statements within the meaning of the federal securities laws, including but not limited to those statements related to the Company's overall financial performance and the proposed acquisition of Symbility, including projected scaling of the insurance vertical, international operations, diversified revenue mix, introduction of new mobile applications and software solutions, and the timing and impact of revenue and cost synergies. Forward-looking statements also include statements related intent to expand certain efficiency and infrastructure enhancements together with projected increases to overall margins, transformation of technology and data platforms, consolidation of real estate footprint, reduction in SG&A costs, and the automation and/or outsourcing of business activities. Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the risks and uncertainties set forth in Part I, Item 1A of our most recent Annual Report on Form 10-K. These additional risks and uncertainties include but are not limited to: our ability to protect our information systems against data corruption, cyber-based attacks or network security breaches; limitations on access to or increase in prices for data from external sources, including government and public record sources; changes in applicable government legislation, regulations and the level of regulatory scrutiny affecting our customers or us, including with respect to consumer financial services and the use of public records and consumer data; systems interruptions that may impair the delivery of our products and services; difficult conditions in the mortgage and consumer lending industries and the economy generally; our ability to protect proprietary rights; our technology and growth strategies and our ability to effectively and efficiently implement them; risks related to the outsourcing of services and international operations; our indebtedness and the restrictions in our various debt agreements; our ability to realize the anticipated benefits of certain acquisitions and/or divestitures and the timing thereof; the inability to control the operations or dividend policies of our partially-owned affiliates; and impairments in our goodwill or other intangible assets. The forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.