StoicLane acquires US-based appraisal management company Triserv
StoicLane, a Chicago-based long-term growth platform, has acquired Triserv Appraisal Management Solutions, an appraisal management company that caters to banks, credit unions, and mortgage bankers across the US with its appraisal and evaluation solutions.
The financial terms of the deal were not disclosed.
StoicLane will provide Triserv Appraisal Management Solutions with capital, operational expertise, and technological infrastructure to expedite its growth.
Todd Ehrlich — Chairman at Triserv Appraisal Management Solutions said: “We are very proud of the business we have built at Triserv and are continually looking for opportunities to invest in our people, processes, and technology.
“This partnership with StoicLane will ensure we remain on the forefront of service and performance for our clients, which is our number one priority. We look forward to this next chapter of growth, and to continuing to serve our clients and appraisers nationwide.”
Triserv Appraisal Management Solutions is the third investment by the mortgage services affiliate of StoicLane.
The growth platform seeks to cater to mortgage originators having efficient and valuable tech-enabled, mortgage closing solutions that are customer-centric.
Al Goldstein — Co-Founder, CEO, and Chairman of StoicLane said: “Triserv is one of the top appraisal management companies in the US, having built an impressive proprietary order management system that provides a best-in-class experience for lenders and appraisers alike.
“We look forward to collaborating with Triserv’s team to continue growing the business and innovating in the appraisal industry.”