Pro Teck Valuation Services has acquired Direct Valuation Solutions (DVS), a cloud-based valuation fulfillment platform and appraisal management company (AMC) based in California. Michael Ousley, former Chief Executive Officer of DVS, will join 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,” said Tom O’Grady, Pro Teck’s Chief Executive Officer. “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.”
DVS Direct enables a lender to manage the entire appraisal process in-house with minimal overhead or staffing. The platform provides automated assignment, tracking, QC and payment processing, all in one intuitive solution. Pro Teck’s products will expand upon the origination appraisal services now available through DVS with Home Equity, Servicing, and Secondary Market valuation solutions.
“Pro Teck has a similar service-oriented culture to ours, and we are excited about offering Pro Teck’s broader products to our clients,” said Ousley. “Our teams are remaining the same, and we’ll still interact with our clients the same way.”