In an effort to continue their growth strategy for the New Year market and to increase their national presence, Landmark Network Inc. announced that it has acquired regional appraisal management company, Coast 2 Coast Appraisal Group. This is the second such acquisition completed by Landmark Network within the last 60 days.
“The Coast 2 Coast acquisition marks a strong start to Landmark’s year,” said Hunter Gorog, president and chief operating officer. “Our 2013 growth plan includes a focus on regional and national acquisitions as the appraisal management landscape continues to change and consolidate.”
“It’s a new year, and we are excited to welcome it along with Coast 2 Coast Appraisal Group,” said Erik Richard, chief executive officer. “We are looking forward to the value the Coast 2 Coast Appraisal Group team will add from a sales perspective, given their deep roots within the lending community.”
The acquisition was finalized on Jan. 10 and new orders began to immediately be processed under the Landmark umbrella.
“With the recent acquisition of our company by Landmark Network, we look forward to building this new relationship and to expanding our business model. We are very excited with this new venture and opportunity and hope for continued success for years to come”, said Tim Molnar, founder and chief executive officer.
Landmark will absorb the operations of Coast 2 Coast Appraisal Group and will process all existing and new orders from their corporate location in Sherman Oaks, Calif., and will retain the current Orange County office and operate it as a sales location. Existing clients will not experience any delays as a result of this change and will be able to take advantage of Landmark’s proprietary software, Landscape, in order to more easily place and track their valuation orders.