Appraisal management company Atlas VMS has acquired AIM-Port, a collateral process management platform. Terms of the deal were not disclosed.
The acquisition marks a significant step for Atlas, laying the foundation for the development of future technology-driven solutions that will better serve mortgage lenders and appraisal management companies nationwide, the firm says in a release.
AIM-Port was developed with deep operational insight, ensuring its features align with the day-to-day realities of the appraisal industry. By bringing an established order management platform in-house, Atlas VMS is enhancing its operations while generating additional revenue streams that will fuel its continued growth.
The AIM-Port platform will continue to operate seamlessly and independently from Atlas’s core valuation management business. Atlas will retain the entire AIM-Port team to ensure continuity and preserve the platform’s trusted service, Atlas says.
“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,” says Erik Morin, CEO of Atlas VMS. “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.”