The company plans to expand the range of its services with the acquisition
Pro Teck Valuation Services has purchased Direct Valuation Solutions (DVS), a California-based valuation fulfillment platform and appraisal management company.
With the acquisition, Pro Teck looks to increase the range of services available to both Pro Teck and DVS clients as well as the market in general.
Under the transaction, former DVS CEO Michael Ousley joins Pro Teck as executive vice president of business development.
“Mike has a well-earned reputation as an innovator in the industry, and we are proud to have him, his employees, and customers join the larger Pro Teck family,” Pro Teck CEO Tom O'Grady said. “The synergies are exciting, with Pro Teck providing additional products and services to DVS clients, and Pro Teck now being able to offer a cloud-based solution to lenders who manage their own appraiser panel.”
Through DVS Direct, lenders can manage the entire appraisal process in-house with minimal overhead or staffing. Automated assignment, tracking, QC, and payment processing can all be done on the platform.
Pro Teck's products will expand upon the origination appraisal services now available through DVS with home equity, servicing, and secondary market valuation offerings.
“Pro Teck has a similar service-oriented culture to ours, and we are excited about offering Pro Teck's broader products to our clients,” Ousley said. “Our teams are remaining the same, and we'll still interact with our clients the same way.”
Pro Teck and DVS customers can expect minimal changes in terms of usage and points of contact following the transaction.
