Los Angeles, CA, January 23, 2013– In an effort to continue their growth strategy for the New Year and to increase their national presence, Landmark Network, Inc. announced today that they have acquired regional appraisal management company, Coast 2 Coast Appraisal Group. This is the second such acquisition completed by Landmark Network, Inc. within the last 60 days. “The Coast 2 Coast acquisition marks a strong start to Landmark’s year,” said Hunter Gorog, President & COO. “Our 2013 growth plan includes a focus on regional and national acquisitions as the appraisal management landscape continues to change and consolidate.”
“It’s a new year and we are excited to welcome it along with Coast 2 Coast Appraisal Group,” said Erik Richard, CEO. “We are looking forward to the value the Coast 2 Coast Appraisal Group team will add from a sales perspective, given their deep roots within the lending community.”
The acquisition was finalized on Thursday, January 10th and new orders began to immediately be processed under the Landmark umbrella. “With the recent acquisition of our company by Landmark Network, Inc. we look forward to building this new relationship and to expanding our business model. We are very excited with this new venture and opportunity and hope for continued success for years to come”, said Tim Molnar, Founder and CEO. Landmark will absorb the operations of Coast 2 Coast Appraisal Group and will process all existing and new orders from their corporate location in Sherman Oaks, CA. We will retain the current orange county office and operate it as a sales location. Existing clients will not experience any delays as a result of this change and will be able to take advantage of Landmark’s proprietary software, Landscape™ in order to more easily place and track their valuation orders.
About Landmark Network:
Landmark Network is a Los Angeles-based appraisal management company that offers a wide range of national valuation solutions. With branch offices in both Atlanta and Boston and an east coast operations center in Maine, Landmark stands apart by paying premium rates and selecting appraisers based on the specifics of each assignment. Landmark is the largest provider of appraisal services for the reverse mortgage industry and was awarded Best Appraisal Management Company in 2011 and 2012 by Reverse Mortgage Daily and ranked 108th on Inc. Magazine’s Fastest Growing Companies list in 2012. Landmark’s alternative valuations division provides an array of valuation tools including the patent pending TriMerge BPO™ report. In 2011, the company launched Landmark QCS, a compliance and post-closing audit service for mortgage lenders. For more information visit landmarknetwork.com.
About Coast 2 Coast Appraisal Group:
Coast 2 Coast Appraisal Group is a real estate appraisal management firm with national and local expertise dedicated to providing valuation and consulting services through analytic discipline and a team approach. Our company’s philosophy is to provide an objective analysis to assist our clients in making informed real estate decisions.
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