TROY, MI September 20, 2021 – Industry-leading Appraisal Management Company (AMC), Class Valuation, today announces the acquisition of real estate software service provider, DataMaster.
Based in Layton, Utah, DataMaster is a real estate software service provider selling public record and MLS data integration software to individual appraisers across the U.S. Over the last 30+ years, DataMaster has built one of the largest MLS integration networks in the U.S. DataMaster’s proprietary SAAS-based workflow tool helps drive efficiencies in the appraisal process by shortening turn times and increasing accuracy via automation, resulting in improved through put and earning potential for appraisers.
John Fraas, Chief Executive Officer of Class Valuation, stated, “We are thrilled to welcome the DataMaster team to the Class Valuation family. DataMaster is well-aligned with our strategy to lead innovation and drive efficiencies across the broader appraisal market. We are looking forward to driving greater adoption of DataMaster’s proprietary solutions across our industry leading network of third party and staff appraisers.”
“DataMaster is excited to join Class Valuation, one of the industry's largest and most innovative AMCs in the nation says,” Rick Lifferth, retiring President/CEO of Market Data Services LLC, creator of DataMaster. “Our new platform is the most sophisticated and powerful data management tool ever created for appraisers. It is well positioned for the changes being made by government GSEs, HUD, the VA and other industry participants. Our unparalleled relationships with the MLS industry greatly enhances efficiencies in the Real Estate Transaction process for appraisers, real estate sales professionals, lenders, consumers and other users of valuation products and we look forward to integrating with Class’s Property Fingerprint, to deliver a more robust data payload to appraisal orders.”
Through its proprietary Property Fingerprint technology, Class is the first AMC to provide appraisers with a solution to collect true authenticated source data of property through a comprehensive, standardized and repeatable process. This effort fits together perfectly with DataMaster’s unparalleled MLS integration and data management software for seamless and standardized data consumption for appraisers. Together, Class and DataMaster will digitized the entire appraisal process.
“When we first began discussions with the Data Master team, it was immediate that we realized we had the perfect strategic, and cultural fit,” said Scot Rose, Chief Innovation Officer at Class Valuation. “Together we have now formed the future of real estate appraisal with the complete end to end digital appraisal process.”
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, the investment firm which purchased Class Valuation earlier in this year added, “DataMaster’s proprietary data and technology will help Class innovate within the home valuation industry as the Company expands its product offerings in the future.”
About Class Valuation
Class Valuation is a top nationwide Appraisal Management Company (AMC), delivering outstanding quality and service to every client. The company is committed to combining the best people, products, processes, and technology available to help lenders make more homeownership dreams come true. Class has consistently been ranked highly in client service by several of the nation’s top ten mortgage lenders and has been recognized as a top place to work, along with receiving many other industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit www.classvaluation.com.
About DataMaster®
DataMaster is a real estate appraisal software service provider selling access to MLS data and integration software to individual appraisers/staffing firms across the U.S. DataMaster drives efficiencies for appraisers by expediting the appraisal process via automation. Founded in 1980, DataMaster is headquartered in Layton, UT.
About Gridiron Capital, LLC
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.
