HousingWireHousingWire
Class Valuation, a national appraisal management company, has acquired Appraisal Nation, a North Carolina-based firm specializing in valuation services for the private lending sector.
Company leaders said the acquisition marks a strategic move to grow Class Valuation’s presence in the expanding private lending market. Class Valuation said it plans to integrate Appraisal Nation’s operations while launching a new dedicated private lending division.
“Welcoming Appraisal Nation to the Class Valuation family is a key step in our strategy to modernize the appraisal process and strengthen our position in important market segments,” said John Fraas, CEO of Class Valuation.
“By combining Appraisal Nation’s specialized expertise with our own technology and resources, we are better poised to deliver exceptional value for private lenders.”
As part of the acquisition, Appraisal Nation founder Michael Tedesco will lead the newly formed private lending segment. The team will continue to focus on servicing specialty lending products while benefiting from access to Class Valuation’s technology platform and national network of appraisers.
“Doing what’s best for our clients has always been a cornerstone of our mission, and joining Class Valuation is a natural step forward in expanding our ability to elevate service standards across the appraisal industry,” Tedesco said.
“As technology evolves and private markets become more institutionalized, service providers must do more than simply support their clients. They must help them adapt. With Class Valuation’s resources and technology, our clients will have the advantages they need to excel in a rapidly changing market.”
