Class Valuation acquires reverse mortgage-focused valuation company

by Francis Monfort19 Dec 2018

Class Valuation, a provider of real estate asset valuation and appraisal management to the residential mortgage industry, has acquired Landmark Network, a real estate valuation company with a specialization in the reverse mortgage industry.

Erik Richard, former CEO of Landmark, becomes COO of Class Valuation’s Western region.

“We were very impressed with the strategic plan that Class Valuation presented and look forward to growing together – both organically and through acquisition,” Richard said. “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.”

“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,” Class Valuation CEO Michael Detwiler said. “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.”