Milwaukee-based Chudnow Druck Lauenstein Inc. a residential appraisal company, has joined IRR-Residential, LLC, a national residential appraisal organization. IRR-Residential is composed of independently owned and operated residential appraisal companies from throughout the U.S.
The new company will be called IRR-Residential Chudnow Druck Valuation. Principals, Donald Chudnow and William J. Druck, with combined real estate appraisal experience of almost 50 years will be running the new company. Chudnow Druck Lauenstein is one of the largest independent, residential real estate appraisal companies in southeastern Wisconsin. The 20 licensed and certified appraiser employees will be retained and work for the new company.
“We saw a great opportunity to be able to provide even better services for our financial institution, mortgage and real estate clients," Druck said. "IRR-Residential has a proven software system and a national sales and marketing presence that will help us to serve the needs not only of our local clients, but also of regional and national clients. The Milwaukee-based company will be able to expand its residential appraisal services in 10 counties: south to Kenosha; north to Sheboygan and west to include Dane County. In order to reduce costs and protect themselves against fraud, lenders are seeking a single company that can service their needs in multiple markets.”
IRR-Residential is a separately owned and managed franchise organization. It currently has 49 independently owned and operated offices in 35 markets in 17 states. It plans to have up to 100 franchises by the end of 2007.
