The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Politics & MoneyAppraisals & Valuations

Class Appraisal acquired by Narrow Gauge Capital

Valuations and appraisal management solutions provider acquired by private equity firm

This week, private equity firm Narrow Gauge Capital announced it has acquired Class Appraisal, a real estate asset valuation and appraisal management solutions provider.

“Class Appraisal is a tremendous company that offers the absolute best service model that we have seen in the appraisal management business,” said Adam Doctoroff, a partner at NGC. “Class has developed an incredible company culture, operational excellence, and a trusted partnership with industry-leading clients and top-performing appraisers that will generate continued significant growth.”

ICG Strategic Equity and Aberdeen Standard Investments provided equity co-investment in the transaction alongside Narrow Gauge Capital, according to the company’s press release.

“Narrow Gauge Capital has developed deep knowledge of the mortgage industry and has consistently demonstrated its strong commitment to providing unmatched client service and world-class technology,” said Alex Elezaj, CEO of Class Appraisal. “Our new ownership will allow us to continue to invest in our service offering for the benefit of all of our customers."

“We have made great progress over the past several years and are excited to work with Narrow Gauge to enhance our market-leading position,” said Jon Tallinger, vice president of sales and marketing for Class Appraisal.

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