Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
Appraisals and ValuationsPeople Movers

Pro Teck Valuation Services acquires Direct Valuation Services

Pro Teck to leverage synergies with DVS to expand offerings and client base

The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation fulfillment platform and appraisal management company Direct Valuation Solutions.

As part of the acquisition, Michael Ousley, former CEO of DVS, will join Pro Teck as executive vice president of business development.

"Mike has a well-earned reputation as an innovator in the industry, and we are proud to have him, his employees and customers join the larger Pro Teck family,” Pro Teck CEO Tom O'Grady said in a statement.

"The synergies are exciting, with Pro Teck providing additional products and services to DVS clients, and Pro Teck now being able to offer a cloud-based solution to lenders who manage their own appraiser panel," he added.

Capitalizing on those synergies, the new Pro Teck will leverage DVS tech to enable lenders to manage the entire appraisal process in-house with automated assignment, tracking, quality control and payment processing. Pro Teck also said that it expects the acquisition will allow the company to increase its offering to both its own clients and those it inherits from DVS as well.

"Pro Teck has a similar service-oriented culture to ours, and we are excited about offering Pro Teck's broader products to our clients," Ousley said in a statement. "Our teams are remaining the same, and we'll still interact with our clients the same way."

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please