Atlas VMS acquires appraisal order management platform

Miami-based Atlas VMS on Wednesday announced the acquisition of appraisal order management platform AIM-Port. Atlas called the move a “significant step” in developing technology-driven solutions to better serve U.S. mortgage lenders and appraisal management companies (AMCs).

“The acquisition of this platform is a key component of Atlas’s broader mission to bring smarter, high-touch solutions to the appraisal and lending ecosystem — through collaboration, not consolidation,” Erik Morin, CEO of Atlas VMS, said in a statement.

“We view ourselves as a steward of the platform, and we are committed to investing in its future so that it remains reliable, relevant, and responsive to the needs of all users.”

In a press release, the company said that “AIM-Port was developed with deep operational insight, ensuring its features align with the day-to-day realities of the appraisal industry.” Atlas VMS said that having an in-house order management platform will generate new revenue streams to further its growth.

Atlas also said it “remains committed to supporting other AMCs” as it seeks to maintain a longtime goal to “support its peers rather than compete with them.” Atlas has a long-term plan to rebrand AIM-Port and fold the platform into its own offerings.

In May 2024, Atlas hired Joe Pravettone as its chief appraiser. He has 25-plus years of experience in the valuation space, beginning as an independent fee appraiser before stints at national AMCs and large financial institutions.

Pravettone’s appointment came roughly a year after Morin returned to Atlas as a board member and partner.