Class Valuation, a Troy-based nationwide real-estate collateral valuation and appraisal management company to the residential mortgage industry, has acquired Texas-based Janus Valuation and Compliance. Janus offers appraisal management services and focuses on retail, credit union, and correspondent lenders.
Janus was founded in 2008. John Passero, founder of Janus, will join the Class Valuation team as a regional COO to continue to work in the southwest and Rocky Mountain parts of the U.S.
“This is a great opportunity to embrace the benefits of size and strength with the ability to innovate and expand our customers’ experience for sustainable growth,” says Passero.
The acquisition is the second by Class Valuation. It acquired Narrow Gauge Capital in March 2018. It plans to pursue other acquisitions.
“On a national level, Class Valuation has always been committed to providing the highest levels of customer service,” says Mike Detwiler, partner and CEO of Class Valuation. “Janus has done the same on a regional level.
“With the mortgage and valuation industry seeing major changes, we must align with companies that share our same core values. Through this partnership, we will continue to provide top service while building sustainable technology solutions for thoughtful change. We are stronger together, and Janus is the right partner to cultivate our philosophy in the markets they serve.”