Class Valuation, one of the largest nationwide providers of real estate asset valuation and appraisal management solutions to the residential mortgage industry, announced today that Michael Detwiler, former Senior Managing Director at Accenture and Co-Founder of Mortgage Cadence, has joined as an equity partner and CEO.
Detwiler comes to the company after serving as head of Accenture Software and its North American mortgage software and outsourcing business. Detwiler previously co-founded Mortgage Cadence in 1999, acquired Prime Alliance in 2012, and grew the resulting business into a North American leader in the loan origination space.
Ive known Mike for over 10 years. He is one of the strongest leaders working in business today, said Adam Doctoroff, partner at Narrow Gauge Capital, the private equity firm that led the acquisition of Class in March 2018. I’ve always been impressed with his entrepreneurial vision, his ability to see solutions to problems using technology, and his understanding of the factors that drive the mortgage industry forward.
Detwiler was attracted to the companys unwavering commitment to customer service and world-class innovation. Class is an industry-leading Appraisal Management Company experiencing significant growth with a strong, experienced senior leadership team, said Detwiler. We have an incredible opportunity in the collateral valuation space. Class is in an ideal position to lead the evolution in a sector that is poised for major change by positively impacting the borrower, their lender, the appraiser and the experience they share. This is the moment for a company that truly understands customer service to institutionalize the valuation experience throughout the ecosystem with true innovation and hard work.
Detwiler plans to drive the companys expansion by capitalizing on Class key strengths including customer and vendor centricity, dedication to quality and a world-class experience, and continuous innovation of new technology and new product launches with accelerated speed of delivery.
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About Class Valuation
Class Valuation, formerly Class Appraisal, is a top 10 nationwide Appraisal Management Company (AMC), delivering outstanding quality and service to each and every client. The company is committed to combining the best people, products, processes, and technology available to help lenders be successful. Class Valuation has consistently been ranked No. 1 in client service by several of the nation’s top 10 mortgage lenders and has been recognized as a top place to work, along with receiving many other industry awards. For more information, please visit www.classvaluation.com.
Sarah White, Senior Vice President of Marketing