The deal merges the companies’ best-of-breed solutions and will enhance service levels for their mortgage and real estate industry customers.
InsideValuation has built a reputation for providing highly accurate evaluation reports containing thorough data and analysis, LRES says in a release. Headquartered in Reno, Nev., the company offers commercial and residential interagency-compliant evaluations that are performed by a network of more than 25,000 field agents.
Through this acquisition, InsideValuation’s hybrid and appraisals products can now be produced under LRES’ AMC licenses, with jurisdictions in all 50 U.S. states and complying with state regulations.
The deal also gives InsideValuation customers access to LRES’ technology solutions through the LRES DirectConnect Integration Hub.
The acquisition became official on March 31.