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AMC Consolidaton – Class Valuation (formerly Class Appraisal) of Troy, MI is acquiring Landmark Network, of Van Nuys, CA. This document does not say ‘when’ it will occur, or if the transaction has concluded, but the way it is written, the implication is that it’s a “dun deel.”
Anybody have any scuttlebutt on which of the hundreds of the remaining AMC’s might be next to be consolidated with another one?
Landmark Network’s email:
Eleven years ago, I set out to create a different kind of appraisal management company. One that truly valued our appraiser partners while embracing the efforts to improve and sustain our industry. At the time I started Landmark, I had no idea we were about to fall into the worst economic crisis of our lifetime. I look back now with pride that our clients, vendors and staff made it through and together successfully built an amazing brand here at Landmark.
Over the course of the past year, we have been approached by many AMCs seeking partnership opportunities with us. Frankly most of those inquiries came from companies that would not be a cultural fit for us. All of that changed when we were engaged by Class Valuation, formerly Class Appraisal. If there was ever a fit, it’s surely with Class Appraisal. Most of all, they value the tenants of my founding principles.
For those reasons, I am thrilled to announce the acquisition of Landmark Network by Class Valuation…
VA drops 1004MC requirement
While that is good news, both the VA and the GSE’s (Fannie/Freddie) STILL REQUIRE THE APPRAISER TO ANALYZE AND REPORT MARKET CONDITIONS by other means.
So far, there has been no comment from HUD about discontinuing the 1004MC in their FHA and USDA appraisal reports.