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Integra, MortgageRamp Sign Nationwide Appraisal Pact

WASHINGTON, DC-Integra Realty Resources Inc. will provide nationwide commercial real estate appraisal services for MortgageRamp subsidiary Realty Services International. Company officials are calling the agreement "unprecedented" because of its scope.

By Wendy Watkins | Updated on May 28, 2001

WASHINGTON, DC-Integra Realty Resources Inc. has signed a contract to become a nationwide provider of commercial real estate appraisal services for Realty Services International, a subsidiary of MortgageRamp. Company officials are calling the agreement “unprecedented” because of its scope. GMAC Commercial Mortgage, Bank of America, Deutsche Bank, Fannie Mae, Washington Mutual and other national lenders created MortgageRamp to offer lower-cost, automated mortgage processing.

“Integra has achieved its goal of creating a company capable of providing ‘one-stop shopping’ for financial institutions with multi-market appraisal needs,” says Integra president Sean Hutchinson. Integra was founded in August 1999 with appraisal providers in 25 cities and now serves 45 US cities, with a combined staff of more than 500.

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