Class Valuation, a real estate collateral valuation and appraisal management, has acquired appraisal management company—Janus Valuation & Compliance.

“For us, clients come first. Strengthening our ability to support each client is something Class values highly.” said Mike Detwiler, CEO and partner for Class.

Janus has developed customized AMC service models with a focus on retail, credit union, and correspondent lenders in Texas and surrounding markets.

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Janus Founder John Passero will join the Class Valuation team as  regional chief operating officer to continue partnering with appraisers and financial institutions in the Southwest and Rocky Mountain parts of the country.

“I am excited to expand our proven service levels while also having the support in technology and resources that comes with a large-scale company like Class Valuation,” said Passero. “This is a great opportunity to embrace the benefits of size and strength with the ability to innovate and expand our customers’ experience for sustainable growth.”

The acquisition is the second completed by Class Valuation since its acquisition by Narrow Gauge Capital in March of 2018. As part of its growth strategy, Class continues to pursue other acquisitions that enhance its geographic focus, customer relationships, and technical capabilities.

“On a national level, Class Valuation has always been committed to providing the highest levels of customer service. Janus has done the same on a regional level. With the mortgage and valuation industry seeing major changes, we must align with companies that share our same core values,” said Detwiler.