Solidifi and Kirchmeyer & Associates have joined forces in a deal that will see Solidifi become the third largest independent provider of residential real estate appraisals in the country. The combined entity will operate under the Solidifi name. "Following a $22 million financing in 2012, Solidifi is in growth mode and Kirchmeyer is an important part of our overall growth strategy. It is the ideal fit for Solidifi," said Jason Smith, Solidifi's president and CEO.
Solidifi looks to evolve the appraisal management business through its technology and analytics platform. In effect, it is using technology to build efficiency throughout the appraisal process, increase quality, drive costs out and improve the client experience. Solidifi's technology identifies the right appraiser for each assignment who will deliver high-quality comprehensive appraisals to the lender.
"Solidifi's technology and broad appraiser network will complement our own network and I and my team are excited to continue to service our current and future customers with these extended capabilities," said James Kirchmeyer, CEO of Kirchmeyer & Associates.
"With our shared philosophy of assigning every order to the most competent appraiser to ensure delivery of a top quality report, the combined companies will continue to raise the bar in terms of service, quality and professionalism," said Andrew Bough, Solidifi's chief valuations officer. Solidifi's network of appraisers in every county nationwide will complement the Kirchmeyer panel. Solidifi has invested more than $25 million to date in its technology platform which will further enhance appraisal performance for Kirchmeyer customers. The Solidifi cloud-based technology provides customers with a flexible and scalable appraisal management solution high standards in data security and reliability which includes providing redundant servers in SAE 16 certified data centers in Dallas, Texas and Washington, D.C.