Michigan-based Class Valuation, a nationwide provider of real estate asset valuation and appraisal management solutions to the residential mortgage industry, announced that the company has acquired Van Nuys, California-based Landmark Network—a real estate valuation firm with a specialization in the reverse mortgage lending industry.
“As we continue to execute our innovation strategy, we will take great interest in those firms that excel in service and reputation in markets we believe in,” said Michael Detwiler, CEO of Class Valuation.
“With an impressive list of clients, including a meaningful percentage of the industry’s top reverse mortgage lenders, Landmark has done a fantastic job delivering quality, service, and reverse valuation products backed by innovative technology. That’s the kind of specialization and expertise we’re seeking as we continue to expand our footprint,” Detwiler said.
Landmark Network was launched with the vision of providing financial services companies with a superior solution for their appraisal management and technology needs. Since inception, the company has been dedicated to providing exceptional customer service to their clients.
This vision fits in-line with Class Valuation’s commitment to service and technology that is shaping the future of the valuation space, so more borrowers can realize their American dream.
“We were very impressed with the strategic plan that Class Valuation presented and look forward to growing together – both organically and through acquisition,” said Erik Richard, former CEO of Landmark – now COO of Class Valuation’s Western Region. “I’m pleased that the team at Class understands the intrinsic value of customer relationships and service as well as the reverse mortgage market and values we bring to the company. There is no doubt that this market will continue to grow and that lenders will require our services,” he said.
Class Valuation was assisted by Berkery Noyes in the successful completion of this transaction.