eAppraiseIT Acquires Source One Services Corporation
September 11, 2002
POWAY, Calif., /PRNewswire/ -- eAppraiseIT LLC, a national provider of real estate valuation services and a joint venture between The First American Corporation (NYSE: FAF) and LandAmerica Financial Group (NYSE: LFG), has acquired Source One Services Corporation, a nationwide provider of broker price opinions (BPO) to the financial services industry.
Since its inception in 1995, Source One Services Corporation has been an industry leader in developing new technology to deliver property valuation data. Through Sourcenet(TM), its proprietary, Web-based delivery platform, Source One has enabled its nationwide network of 15,000 real estate brokers to efficiently process BPO orders with unprecedented delivery timeframes for the industry. This expertise in efficiently routing BPOs -- combined with value pricing and quality customer service -- has helped Source One evolve into one of the nation's leading providers of BPO services to the default services and mortgage lending markets.
"This acquisition significantly enhances eAppraiseIT's strategic product offering," said Chris Leavell, president of eAppraiseIT. "Source One's well respected BPO products, processing technology, commitment to quality and industry-leading turnaround time will prove highly complementary to eAppraiseIT's comprehensive suite of valuation services."
Source: eAppraiseIT LLC