Class Valuation, a Troy-based nationwide provider of real estate asset valuation and appraisal management solutions to the residential mortgage industry, has acquired California’s Landmark Network. Financial terms of the transaction were not disclosed.
Landmark Network is a real estate valuation company 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,” says 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.”
Erik Richard, former CEO of Landmark, has been named COO of Class Valuation’s western region.