Opteon acquires Equity Valuation Partners

"Modernization isn't about replacing professionals, it's about enabling them to deliver more value, said Chris Knight, CEO at Opteon. By bringing EVP into the Opteon family, we further accelerate our strategy of combining the best people with the best technology to deliver faster cycle times, higher quality, and a better experience for lenders, appraisers, and consumers. Equity Valuation Partners provides residential and commercial appraisal services across the country."

"EVP has always focused on doing the fundamentals exceptionally well and enabling our people and clients with leading technology that delivers best in market service, said Drew Watson, former principal at EVP. Over the years as appraisal modernization has accelerated, we have considered many options. We know we have the right partner in Opteon that shares our vision, values and purpose and that together we will keep our customer promise to deliver that future."

"Opteon said the acquisition supports its strategy to blend appraisal expertise with global technology innovation. Our U.S. team is energized about this opportunity to expand our depth and capability, said Lee Trice, managing director of Opteon U.S. We're uniting strong leadership and appraisal expertise with Opteon's global innovation responsibly and in partnership with clients, appraisers and regulators. The combined business will continue to operate a nationwide network of appraisers that offers residential and commercial valuation services, according to Opteon."

Opteon acquired Equity Valuation Partners to combine appraisal expertise with technology and accelerate faster cycle times, higher quality, and improved experiences for lenders, appraisers, and consumers. Equity Valuation Partners provides residential and commercial appraisal services nationwide and will operate under the Opteon brand while maintaining service quality and regulatory compliance. EVP emphasizes fundamentals and leverages leading technology to deliver market-leading service. EVP leadership considered many options as appraisal modernization accelerated and chose Opteon as a partner sharing vision, values, and customer commitment. Opteon plans to expand U.S. depth and capability by uniting leadership, appraisal expertise, and global innovation in partnership with clients, appraisers, and regulators. The combined business will maintain a nationwide appraisal network.

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