Los Angeles, CA, December 14, 2012– Today, Landmark Network, Inc. announced it has completed the acquisition of regional appraisal management company, Hamilton Appraisal Management Services (HAMS). The HAMS management team will continue to operate from their existing location in Mahwah, New Jersey under the Landmark Network brand.
“We are excited to bring the HAMS operation into the fold at Landmark Network,” said Erik Richard, CEO. “Along with our Maine operation center and Boston sales office, this adds to our existing presence on the East Coast, and will allow us to expand our national coverage and strengthen our appraiser panel in key states in order to continue to better serve our clients.”
Launched in 2010, HAMS entered the appraisal management space on the heels of HVCC and experienced tremendous growth and success in a short amount of time. “We were fortunate to be able to enter this space and grow our business as quickly as we have over the past few years,” said Chris Lamparillo. “But with growing regulations, compliance costs and client demands, we felt the best move for us would be to join a larger, more established company with a national reach, and broader valuation product offerings, such as Landmark Network.”
The acquisition was finalized today and new orders will begin to be processed under the Landmark umbrella immediately. Landmark will be taking over the entire HAMS operation and will retain the New Jersey office location. Existing clients will not experience any delays as a result of this change, but will be able to take advantage of and use 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 Hamilton Appraisal Managements Services:
Hamilton Appraisal Management Services was founded in 2010 to support the ever changing real estate and mortgage banking community by providing honest, accurate property valuations. HAMS was created to meet the needs of the small mortgage broker or banker by providing fast, accurate property valuations at a fair, market price. The company’s service area primarily spanned the northeastern states.