A new appraisal management platform is aiming to upend the traditional role of appraisal management companies (AMCs) by allowing mortgage lenders to oversee the process internally while maintaining regulatory compliance.

The platform, known as PAM, or Private Asset & Management Group LLC, is designed as a web-based system that enables lenders to manage appraisal workflows without relying on third-party AMCs.

David Cedar, president of PAM and a licensed appraiser, claims that the platform restores lender control over a process that he says has long been outsourced at the expense of both borrowers and appraisers.

Under the PAM system, lenders build and details ⇒

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