Class Valuation announces Acquisition of SouthEastern Evaluation
TROY, Mich, June 8, 2021 – Today, Class Valuation announced it has acquired South Carolina-based appraisal management company (AMC), SouthEastern Evaluation (SEE). Class Valuation is a leading, technology-enabled AMC focused on providing regulatory-compliant appraisals to the nation’s largest mortgage lenders and originators. This acquisition will allow Class Valuation to increase its market density within the southeastern US and create new relationships with high-quality appraisers in the region.
Based in Greenville, South Carolina, SouthEastern Evaluation serves 150+ customers including mortgage lenders, community banks, and credit unions. SEE leverages its network of professional appraisers to serve customers across 20 states, with a focus on South Carolina, North Carolina, Virginia and other states in the region.
“We are excited to join forces with Class Valuation,” said Mark Chapman, CEO and Founder of SEE. “We are confident that our existing team and Class will continue to provide customers with the same excellent, unparalleled quality and service they have come to expect from SouthEastern Evaluation.”
With well-established relationships with top-performing appraisers, and an elite client service reputation, the partnership with SEE will also provide improved service for Class Valuation’s clients in the region.
“The talented SouthEastern Evaluation team, empowered by Class Valuation’s proprietary technology, will allow the combined organization to drive even better service-level outcomes for SouthEastern Evaluation customers,” stated John Fraas, Chief Executive Officer of Class Valuation.
Leveraging technology across all workflows within the appraisal management process allows Class Valuation, and now SEE, to deliver high quality valuations to residential mortgage lenders with industry-leading turnaround times.
Class Valuation has experienced substantial growth over the last several years as a leading tech-enabled service provider in the mortgage industry. This is the first acquisition following the company’s new partnership with Gridiron Capital, an investment firm with extensive experience working with in tech-enabled companies.
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, stated, “We are thrilled to welcome SouthEastern Evaluation to the Class Valuation family as the company continues to build out its geographic footprint and relationships with high-quality appraisers.”
About Class Valuation
Class Valuation is a top nationwide Appraisal Management Company (AMC), delivering outstanding quality and service to every client. The company is committed to combining the best people, products, processes, and technology available to help lenders make more homeownership dreams come true. Class has consistently been ranked highly in client service by several of the nation’s top ten mortgage lenders and has been recognized as a top place to work, along with receiving many other industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit www.classvaluation.com.
About SouthEastern Evaluation
SouthEastern Evaluation is an Appraisal Management Company providing high quality valuation and consulting services for residential and commercial lenders and investors. SouthEastern’s primary focus is to provide a compliant platform for lenders and real estate appraisers. The Company’s core business model is centered on providing valuation services for residential and commercial properties.
About Gridiron Capital, LLC
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.