Insight
The appraiser shortage is most pronounced in rural markets.
Atlas VMS’s Erik Morin on HECM second appraisals, AIM-Port acquisition
Summary
This article discusses the impact of second appraisals on reverse mortgages and the appraiser shortage. It shares data showing second appraisals occurred on 8.3% of HECM loans in Q1 2026. The shift to UAD 3.6 is explored. The article also highlights Atlas VMS's acquisition of AIM-Port and their new warranty policy to reduce repurchase risks.
Key takeaway