Appraisal Logistics recently announced that an internal review showed the company added more than 30 new lender clients in 2021. This represents significant growth for the company during a year that challenged many in its space, the company announced in a press release.
“Mortgage lenders realized in 2021 that the business wasn’t going to slow down and so they reached out to partners they could count on to get their loans closed,” Dennis Ashcroft, executive vice president of sales for Appraisal Logistics, said in the release. “Like all AMCs in 2021, we faced challenges related to overworked appraisers and consistently high volumes.
“Professionals across the industry were getting war weary and we really had to rely on each other to get through it. But we did get through it and our clients and their borrowers were the beneficiaries,” Ashcroft added.
The company executive pointed out that much of the company’s success in 2021 could be attributed to its technology offerings. The company rolled out a number of tools for remote property inspection and appraisal in 2020.
Appraisal Logistics, a nationwide AMC for the residential and commercial mortgage industry, began offering its appraisal management technology, AIM-Port to lenders and other AMCs in November 2019. AIM-Port is a single source solution developed to bring management and operations teams, technical tools and vendor partners together seamlessly.
The software can be used for residential or commercial valuations and BPO transactions. It is already integrated with many LOS, GSE, FHA and other industry applications.