Solidifi and Kirchmeyer, two independent appraisal management companies (AMCs), joined forces in a deal that will see Solidifi become the third largest independent provider of residential real estate appraisals in the country. The new combined entities will operate under the Solidifi name and aim to be an alternative to traditional appraisal management companies servicing more than 50 percent of the nation’s top lenders.
“Following a $22 million financing in 2012, Solidifi is in growth mode and Kirchmeyer is an important part of our overall growth strategy. It’s the ideal fit for Solidifi,” said Jason Smith, Solidifi president and chief executive officer.
As an AMC, Solidifi takes a unique technology approach to business, using its tech and analytics platform to build efficiency throughout the appraisal process, increase quality and drive costs out. Solidifi’s technology also identifies appraisers for assignments, aiming to produce the highest quality appraisal to the client.
“Solidifi’s technology and broad appraiser network will complement our own network. My team and I are excited to continue to service our current and future customers with these extended capabilities,” said James Kirchmeyer, chief executive officer of Kirchmeyer and Associates.
Solidifi has invested more than $25 million into its technology platform, which will further enhance the appraisal performance for Kirchmeyer customers. The Solidifi cloud-based technology provides customers with a flexible and scalable appraisal management solution, with high standards in data security and reliability, as well as redundant servers in SAE16-certified data centers in Dallas and Washington, D.C.
Valuation Review has reached out to both Solidifi and Krichmeyer for further comment. Expect a full feature later this week.