More banks are choosing the application to manage their appraisal departments
Washington, D.C., – January 15, 2020 – Appraisal Logistics, a leading provider of high quality appraisal management technology and compliance solutions for the residential/commercial mortgage industry, announced today that the decision to release its AIM-Port appraisal management tool into the market was well received by the financial institutions it serves. The company developed the software to operate its own AMC business and has been using it successfully for over a decade.
“Feedback from our clients assured us that many wanted to have more control over their appraisal management process, so we gave them the software to achieve that goal,” said Frank Danna, CEO of Appraisal Logistics. “Not every lender wants to outsource its appraisal management to an AMC, but every appraisal manager needs a powerful tool to get the job done. Now, anyone can license the AIM-Port software to manage their own collateral valuation process.”
AIM-Port is a single source solution developed to bring management and operations teams, technical tools and vendor partners together seamlessly. The platform improves workflow efficiency and accuracy in a cost-effective manner to support the lender’s own vendor process. 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.
The platform offers functionality for vendor management, order process, assignments, tracking, reviewing, delivery, reporting and accounting. ALS created AIM-Port internally using its own in-house IT group. The company has been using the platform to operate successfully and in full compliance in all 50 states.
Appraisal Logistics offers the most secure modern technology, and has also received the ISO 9001:2015 Certification for Quality Management Systems Standards by LQRA, a Lloyd’s Register Company. Although not required, Appraisal Logistics opted into the rigorous audit and evaluation process to provide financial institution customers a means of measuring quality. ALS is the only AMC in the industry to receive this important certification.
For more information about AIM-Port, visit the company’s website.
About Appraisal Logistics
Annapolis, Md.-based Appraisal Logistics is a nationwide appraisal management company for the residential and commercial mortgage industry. With a team of industry experts and a nationwide network of highly qualified and trusted appraisers, Appraisal Logistics provides immediate and exceptional services to regional and community banks and standalone mortgage originators to ensure each appraisal is 100 percent compliant in a customized, customer-focused environment. The company also owns and maintains the secure proprietary communications platform – AIM-Port®. For more information, please visit http://www.gotoals.com or call (443) 949-7862.