"PAM automates the rotation of assignments to ensure independence and compliance with appraisal regulations, including Appraiser Independence Requirements (AIR). Each transaction is tracked and documented within the system, providing full transparency and auditability."
"PAM can reduce costs for borrowers by eliminating AMC-related markups. The estimated savings range from 25% to 40% on appraisal fees, allowing appraisers to receive more equitable compensation."
"Our flat fee is transparent and one time per order of $99 instead of an AMC charging $300, $400, $500 or even more. We absorb the cost of the software, so the lender pays nothing."
The PAM system enables lenders to build networks of vetted appraisers based on geographic and professional qualifications. It automates assignment rotations to ensure compliance with appraisal regulations. This platform allows lenders to choose appraisers directly, enhancing control and transparency. PAM can reduce appraisal costs for borrowers by 25% to 40%, while ensuring appraisers receive fair compensation. The system operates under a compliant structure in all 50 states and is offered at no cost to lenders or appraisers, addressing concerns about traditional AMC models.
Read at www.housingwire.com
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