August 21, 2018, (WALTHAM, MA) –Pro Teck Valuation Services has acquired Direct Valuation Solutions (DVS), a cloud-based valuation fulfillment platform and appraisal management company based in California. Michael Ousley, former CEO of DVS, will join Pro Teck as EVP, 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, said Tom O’Grady, Pro Teck’s CEO. “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.”
DVS Direct enables a lender to manage the entire appraisal process in-house with minimal overhead or staffing. The platform provides automated assignment, tracking, QC and payment processing, all in one intuitive solution. Pro Teck’s products will expand upon the origination appraisal services now available through DVS with Home Equity, Servicing, and Secondary Market valuation solutions.
“Pro Teck has a similar service-oriented culture to ours, and we are excited about offering Pro Teck’s broader products to our clients,” said Michael Ousley. “Our teams are remaining the same, and we’ll still interact with our clients the same way.”
As Pro Teck and DVS join forces, customers can expect minimal change in terms of usage and points of contact. Pro Teck’s industry-leading valuation intelligence will continue to provide lenders, servicers and investors the trusted data and expertise they require. With the acquisition of DVS, Pro Teck will increase the range of services available to both Pro Teck and DVS clients, as well as the market in general.
About Pro Teck Valuation Services
Pro Teck is a national provider of appraisal management and residential real estate valuation services. For more than 40 years, we have worked with lenders, loan servicers and investors to improve risk management through superior real estate collateral information. With a sharp focus on accuracy, speed and customer service, Pro Teck delivers a comprehensive suite of valuation products including appraisals, desktop appraisals, review/due diligence, BPOs/evaluations and hybrid solutions.