StreetLinks National Appraisal Services LLC has announced that it has entered into a definitive purchase agreement to purchase 51 percent of the equity of Corvisa LLC, a software provider for mortgage and appraisal management. The terms of the acquisition were not disclosed. Consummation of the purchase is expected to occur within 30 days, subject to satisfaction of closing conditions, including due diligence.
"We are excited about this acquisition. StreetLinks offers lenders the best full service appraisal management solution available," said Steve Haslam, chief executive officer of StreetLinks. "Corvisa has the best self-managed appraisal technology and platform in the industry. Together, we can customize any appraisal management solution to best meet the needs of any lender's business model." Haslam also stated, "Corvisa brings an exceptional technology team to complement ours. This will expand and expedite our capabilities to bring a wide variety of innovative valuation solutions and products to the market that are already in advance stages of development."
"StreetLinks' emphasis on service and their innovative culture are right in line with Corvisa's, which makes this an exciting opportunity. We are confident that our combined strengths will enable us to produce products, beginning with a comprehensive appraisal management solution, that will take the mortgage industry to a new level," said Corvisa President Matthew Lautz.
For more information, visit www.streetlinks.com or www.corvisa.com.