StreetLinks to Acquire Majority Interest in Corvisa, LLC

Oct 25, 2010, 10:35 ET from StreetLinks National Appraisal Services

INDIANAPOLIS, Oct. 25 /PRNewswire/ -- StreetLinks National Appraisal Services, LLC, a national leader in the residential appraisal management business, today announced it has entered into a definitive purchase agreement to purchase 51% of the equity of Corvisa, LLC, a software provider for mortgage and appraisal management.

The terms of the acquisition were not disclosed. Consummation of the purchase is expected to occur within 30 days, subject to satisfaction of closing conditions, including due diligence.

Steve Haslam, CEO of StreetLinks, stated, "We are excited about this acquisition. StreetLinks offers lenders the best full service appraisal management solution available. Corvisa has the best self-managed appraisal technology and platform in the industry. Together, we can customize any appraisal management solution to best meet the needs of any lender's business model." Haslam also stated, "Corvisa brings an exceptional technology team to complement ours. This will expand and expedite our capabilities to bring a wide variety of innovative valuation solutions and products to the market that are already in advance stages of development."

"StreetLinks' emphasis on service and their innovative culture are right in line with Corvisa's, which makes this an exciting opportunity. We are confident that our combined strengths will enable us to produce products, beginning with a comprehensive appraisal management solution, that will take the mortgage industry to a new level," said Corvisa President, Matthew Lautz.

About StreetLinks

StreetLinks National Appraisal Services is an industry leading appraisal management company that provides a comprehensive suite of valuation products and services to banks, lenders and other mortgage industry firms. StreetLinks' commitment to quality and service, embodied in a partnership approach to clients and appraisers, continues to differentiate them as the nation's premier valuation partner. StreetLinks' clients realize the rewards from this commitment, and appraisers appreciate the removal of influence, inappropriate turn-time expectations and fee compression. With consistent execution on this business model, StreetLinks is the only company that offers a comprehensive Warranty of Appraisal Quality & Appraiser Competence.

About Corvisa

Corvisa, LLC provides mortgage management software that is used by thousands of mortgage bankers and appraisers nationwide to streamline and centralize everyday business operations. The CorvisaOne mortgage management suite includes appraisal management, business intelligence analytics, closing calendar management, payment processing, corporate chat, and more in a robust, integrated application. For more information, visit www.corvisa.com.

SOURCE StreetLinks National Appraisal Services



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http://www.corvisa.com