Summit Valuations, a nationwide provider of valuation services with particular expertise in loan servicing and capital markets, has been acquired by The William Fall Group, a national real estate appraisal firm and parent company of Valuation Partners and WFG.
Summit Valuations will operate as a subsidiary of The William Fall Group out of its Des Plaines, Ill., location.
Founded in 2007, Summit Valuations provides alternative valuation services for a diverse number of banks, credit unions, mortgage servicers, originators and investors.
Summit’s panel of trained employees will be retained as part of the transaction. Ron Ahlensdorf Jr., an 18-year appraisal industry veteran, will continue to serve as president of the subsidiary.
With the acquisition, The William Fall Group continues to build on its goal of becoming one of the top five privately held U.S. valuation companies.