Landmark Network Inc. has completed the acquisition of regional appraisal management company, Hamilton Appraisal Management Services (HAMS). The HAMS management team will continue to operate from its existing location in Mahwah, N.J., under the Landmark Network brand.
“We are excited to bring the HAMS operation into the fold at Landmark Network,” said Erik Richard, Landmark chief executive officer. “Along with our Maine operation center and Boston sales office, this adds to our existing presence on the East Coast, and will allow us to expand our national coverage and strengthen our appraiser panel in key states in order to continue to better serve our clients.”
Launched in 2010, HAMS entered the appraisal management space on the heels of HVCC and experienced tremendous growth and success in a short amount of time.
“We were fortunate to be able to enter this space and grow our business as quickly as we have over the past few years,” said Chris Lamparillo. “But with growing regulations, compliance costs and client demands, we felt the best move for us would be to join a larger, more established company with a national reach, and broader valuation product offerings, such as Landmark Network.”
The acquisition was finalized and new orders will begin to be processed under the Landmark umbrella immediately. Landmark will be taking over the entire HAMS operation and will retain the New Jersey office location. Existing HAMS clients will not experience any delays as a result of this change, but will be able to take advantage of and use Landmark’s proprietary software, Landscape in order to more easily place and track their valuation orders.