Holding group aims to create one of the largest AMCs in the US
Investment holding group StoicLane has announced its acquisition of a majority stake in appraisal management company Lender’s Valuation Services (LVS).
The move follows StoicLane leading a $175 million funding round for Chicago-based originator Interfirst Mortgage earlier in the month.
In a statement, StoicLane said that the acquisition is the first for its mortgage services platform, which aims to serve mortgage originators with “tech-enabled, customer-centric mortgage closing solutions.”
“This is an exciting chapter for LVS, and we look forward to entering this next stage of our growth with StoicLane as our partner,” said Tiffany Wojcik, president and chief executive officer of LVS. “StoicLane’s confidence in and support of our business is an indication of the exciting innovation and elevated customer experience to come.”
“We’re thrilled to work closely with LVS’s exceptional leadership team, including Tiffany Wojcik and [controller] Matt Wojcik, as we support their objective to grow into one of the largest appraisal management companies in the US,” said Al Goldstein, co-Founder, CEO, and chairman of StoicLane. “We see a significant growth opportunity and look forward to working with LVS as they continue to innovate within the appraisal industry.”
