Based in Solihull, eTech focuses on the residential lending and surveying sector, as well as the energy assessment market.
It was founded in 2005 by brothers Jim and David Driver and now has 140 employees.
The company provides an end-to-end property valuation workflow management platform, and a mobile valuation solution through which more than half of UK property valuations are delivered.
The firm said that leading residential valuation firms and lenders are already among its clients.
More lenders are expected to be operational on eTech’s platform within six to eight weeks, Mortgage Solutions understands.
Moreover, eTech supplies automated collection, analysis and provisions of data and reports through mobile and desktop solutions to support UK energy suppliers in the delivery of governmental carbon reduction obligations.
Commenting on the acquisition, Jim Driver, managing director of eTech, said: “We very much look forward to aligning our expertise with the considerable resources of Corelogic to further develop the services we offer to our partners in the UK and internationally.
“With new products already in the pipeline, this is an exciting phase for eTech’s continued growth,” he added.
Frank Martell, Corelogic president and chief executive officer, added: “The acquisition of eTech expands our UK footprint and augments our valuation solutions offerings.
“The eTech team has established a great track record of building innovative solutions that helped transform the UK valuation and energy assessment industries,” he continued.
“We believe that over time, we can potentially leverage benefits from a number of eTech’s innovative solutions to fuel automation and reduce cycle times in our U.S. property valuation operations,” said Martell.