Class Valuation Acquires Houston AMC

Apr 05, 2019

Class Valuation, a Troy, Mich.-based real estate collateral valuation and appraisal management company, has acquired appraisal management company (AMC) Janus Valuation & Compliance, based in Houston.

The financial terms of the transaction were not disclosed. John Passero, who founded Janus in 2008, will join Class Valuation as a Regional Chief Operating Officer focused on the Southwest and Rocky Mountain states. Class Valuation CEO and Partner Mike Detwiler stated that the company will seek out other acquisitions to expand its geographic focus.

“On a national level, Class Valuation has always been committed to providing the highest levels of customer service,” Detwiler said. “Janus has done the same on a regional level. With the mortgage and valuation industry seeing major changes, we must align with companies that share our same core values.”

About the author

Phil Hall

Link copied

Published

Apr 05, 2019

Courts

Six Mortgage Brokerages Sued Over Alleged Kickback Scheme

Pennsylvania AG claims up to $1M swapped hands between agents and brokers

A cautionary tale for mortgage brokers arrived this week from Allentown, Pa., after state prosecutor and former Pa. Attorney General, Michelle Henry, filed a lawsuit against six mortgage brokerages that operate in the area, and their manager, Barry Newhart, concerning an all...

Analysis and Data

Existing-Home Sales See Quickest Climb Since Last February

Median home prices remain at record high, sales near-30-year low

Despite high prices and mortgage rates, existing-home sales in the last three months of 2024 “showed solid recovery,” according to the National Association of Realtors (NAR). Sales grew by 2.2% in December from the month before to a seasonally adjusted annual rate of 4.2...