Los Angeles, CA – Corridor Capital, together with the founders of Nationwide Property & Appraisal Services, LLC (“Nationwide” or the “Company”), announced today an investment in the Company in support of its rapidly growing appraisal management and lender services platform. Nationwide’s founders and management team are enthusiastic in welcoming Corridor’s strategic guidance to help to expand the company’s national presence and build on its differentiated service model.
Nationwide is a Gibbsboro, NJ based appraisal management company (“AMC”), licensed in all applicable states with existing AMC legislation and active in facilitating independent appraisals throughout the entire country. The Company specializes in the management of appraisal and property valuation services for residential and commercial property lenders, including many of the country’s largest mortgage originators and banks. Nationwide’s commitment to maintaining the highest standards of compliance, service and appraiser quality has enabled it to rapidly become the preferred partner for more than 20,000 loan officers, 400 different lending institutions and 7,500 of the most skilled independent appraisers throughout the United States.
Nationwide was the first licensed, independent AMC following the financial crisis. The company has since grown into a leading national provider of appraisal management and related property services, based on its commitment to delivering a superior level of service to both its highly valued lender and appraiser partners, proprietary processes and technology, and best-in-class compliance practices.
“The Nationwide team does great work meeting the rapidly changing and complex needs of the large and constantly evolving mortgage lending industry. As a pioneer in the appraisal management business, we believe the company is ideally suited to be a most trusted partner to the nation’s leading mortgage lenders and highest quality appraisers for all their property and appraisal service needs. We are excited to support the Nationwide team in its pursuit of that goal and share its commitment to the highest standards of service and compliance,” said Corridor CEO, Craig Enenstein.
“Nationwide is proud to have built a leader in the property services space without compromising on our team’s passion for bettering the lives of communities, customers and affiliated appraisers,” said Ryan Hernberg, the company’s President. “We are excited to have found a partner in Corridor who not only offers deep strategic, operational and financial expertise, but also shares our values and passion for building a great business and true partner to all our stakeholders. We look forward to working with Corridor to accelerate Nationwide’s growth and expand our role as innovator in the AMC market.”