Real Estate & Home

PAM appraisal platform targets AMC fees, seeks to give lenders more control

Ali Nemati6 hours ago29 sec read5 views0 listens

PAM, a new web-based platform by Private Asset & Management Group LLC, enables mortgage lenders to manage appraisals internally without relying on third-party AMCs. This system allows lenders to control the selection of appraisers and ensures compliance with regulations, potentially reducing appraisal fees for borrowers by 25% to 40%. Developers aim to offer this platform at no cost to lenders or appraisers, challenging the traditional AMC model's high costs and lack of transparency.

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Ali NematiWritten by Ali

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