{"id":415184,"date":"2023-11-15T17:26:38","date_gmt":"2023-11-15T22:26:38","guid":{"rendered":"https:\/\/www.housingwire.com\/?p=415184"},"modified":"2023-11-15T17:26:43","modified_gmt":"2023-11-15T22:26:43","slug":"class-valuation-acquires-amc-valuation-connect","status":"publish","type":"post","link":"https:\/\/www.housingwire.com\/articles\/class-valuation-acquires-amc-valuation-connect\/","title":{"rendered":"Class Valuation acquires AMC Valuation Connect"},"content":{"rendered":"\n

Troy, Michigan-based appraisal management company (AMC) Class Valuation<\/strong> announced on Wednesday that it has acquired fellow AMC Valuation Connect<\/strong>, formerly a subsidiary of mortgage technology company Mortgage Connect LP<\/strong>.<\/p>\n\n\n\n

Class Valuation acquired the company to bolster its position in the appraisal marketplace further, according to an announcement<\/a> of the deal. Terms of the deal were not disclosed.<\/p>\n\n\n\n

\u201cWe are beyond excited to be partnering with Valuation Connect,\u201d Class Valuation CEO John Fraas said in a statement. \u201cWe share a core value in that we are not afraid to roll up our sleeves to help our clients win. Combining forces is going to be a win-win for all stakeholders.\u201d<\/p>\n\n\n\n

According to Class, the two companies align on important issues, including culture, service, efficiency and technology development.<\/p>\n\n\n\n

\u201cGiven their market dominance in wholesale, their investment in digital and modernization products, combined with Valuation Connect\u2019s technology and centralized retail presence, we feel this combination will add tremendous value to our combined customers,\u201d said Jeff Coury, CEO of Mortgage Connect.

\u201cThis collaboration will allow us to accelerate the development of cutting-edge appraisal technology and deliver unmatched value.\u201d<\/p>\n\n\n\n

The incorporation of Valuation Connect into the Class Valuation corporate infrastructure will ensure \u201ca seamless transition\u201d for clients, with the company claiming it will help broaden the availability of products and services to existing clients of both organizations.<\/p>\n\n\n\n

Class Valuation has been on an acquisition spree. In early 2022, the company acquired Detroit-based AMC Metro-West<\/strong><\/a> and its subsidiary Valuation Link<\/strong>. At the time, Class Valuation claimed Metro-West was the \u201clargest independent residential appraisal firm in the country,\u201d and had appraisers in 80 U.S. metro markets.<\/p>\n\n\n\n

In August 2022, the company acquired Chandler, Arizona-based AMC AppraisalTek<\/strong><\/a> before acquiring Maine-based AMC PropertyVal<\/strong><\/a> in December that year.<\/p>\n\n\n\n

Other notable acquisitions in recent years included reverse mortgage-focused AMC Landmark Network<\/strong><\/a> in 2018 and AMC Janus Valuation & Compliance<\/strong><\/a> in 2019.<\/p>\n\n\n\n

In 2021, operating as Class Valuation, the company acquired Pendo Management<\/strong><\/a> in Kansas City.<\/p>\n","protected":false},"excerpt":{"rendered":"

Class Valuation continues its appraisal acquisition spree, this time acquiring a subsidiary of technology company Mortgage Connect LP.<\/p>\n","protected":false},"author":7007,"featured_media":368768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10089,1477],"tags":[6536],"coauthors":[239905],"acf":[],"yoast_head":"\nClass Valuation acquires AMC Valuation Connect - HousingWire<\/title>\n<meta name=\"description\" content=\"Class Valuation continues its appraisal acquisition spree, this time acquiring a subsidiary of technology company Mortgage Connect LP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.housingwire.com\/articles\/class-valuation-acquires-amc-valuation-connect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class Valuation acquires AMC Valuation Connect - 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