CoreLogic, the property solutions and real-estate data intelligence provider based in Irvine, California, announced the appointment of Patrick Dodd as its president and CEO.
Dodd had been holding both roles on an interim basis since January following the departure of Frank Martell. Before taking over the positions, Dodd had served as CoreLogic’s chief operating and growth officer after joining company in late 2020, when it was at the center of a drawn-out takeover bid by Cannae Holdings and Senator Investment Group. CoreLogic was eventually acquired by private equity firms Stone Point Capital and Insight Partners in March 2021 but not before being targeted for takeover by CoStar Group in another hostile bid.
Dodd previously held several roles with Nielsen, including as president and chief commercial officer at NielsenIQ, just prior to joining CoreLogic.
“We are thrilled that Pat is assuming the role of CEO on a permanent basis,” said Charles Davis, CEO of Stone Point Capital, in a press release. “Pat has demonstrated his dedication to the company following his role as CoreLogic’s chief operating and growth officer and holds almost three decades of proven leadership and value creation in the information services industry.”
Meanwhile Martell, since leaving CoreLogic, has taken over the leadership helm at loanDepot as its president and CEO.
Dodd said he looked forward to leading CoreLogic “through this next important phase of growth and transformational evolution for our company.” Since going private a year ago, CoreLogic has acquired settlement-services provider ClosingCorp, and Next Gear Solutions, a property-restoration platform.
He takes over as the housing market undergoes a shift following two years of record price surges, as high interest rates now drive down demand and asking prices, but inventory remains low.
“Pat stepped up at a pivotal time in CoreLogic’s growth story,” said Deven Parekh, managing director at Insight Partners. “He has done an outstanding job as interim CEO, leading the company through a period of great transformation over the past six months.”