Nationwide Property & Appraisal Services

Nationwide Property & Appraisal Services, LLC (NPAS) operates as a national appraisal management company (AMC), providing valuation services for the real estate and mortgage lending industries. Founded in 2008 by Andy Lazev and Ryan Hernberg, NPAS established itself as the first licensed, independent AMC in the United States. The company was started to address the need for compliant and efficient appraisal services following the financial crisis.

The firm's business model is centered on managing the entire property appraisal process for its clients, which include a wide array of financial institutions such as mortgage lenders, servicers, banks, and credit unions. NPAS generates revenue by providing these appraisal management services, acting as an intermediary between lenders and a vast network of licensed appraisers. The company serves a diverse client base, from over 100 blue-chip lenders and 21 of the top 25 wholesale lenders in the U.S. to individual consumers. Its market is the national real estate valuation sector, licensed to operate in all 50 states.

NPAS offers a comprehensive suite of services for both residential and commercial properties. These include various types of appraisals like those for mortgage refinancing, home equity, and divorce settlements, as well as portfolio analysis and private mortgage insurance removal. The company also provides Broker Price Opinions (BPOs) as a quicker valuation alternative when a full appraisal isn't necessary. A key feature is its technology-enabled platform that allows clients to order, track, and receive appraisal reports online 24/7, ensuring real-time updates and efficient communication. This focus on technology contributes to industry-leading turnaround times and high accuracy rates.

The company's history is marked by significant growth through strategic acquisitions. After its founding, NPAS expanded its national coverage by securing licenses in all states by 2010. In 2016, Corridor Capital acquired a majority stake, helping the founders grow the business from $35 million in annual revenue to over $140 million. This period saw multiple acquisitions, including Guideline and OrderPro in 2019, Elliott & Company Appraisers, and Olde City in 2020. In 2022, Arcapita Group Holdings acquired a significant controlling interest, with Corridor Capital retaining a minority stake. Under new leadership, including CEO Sri Velamati, NPAS continued its acquisition strategy, purchasing Integrity Appraisal Management in 2023 to bolster its presence in the southern U.S.

Keywords: appraisal management company, real estate valuation, property appraisal services, mortgage lending services, residential appraisals, commercial appraisals, Broker Price Opinions, BPO, AMC, real estate compliance, valuation technology, mortgage bankers, wholesale lenders, credit unions, real estate portfolio analysis, home equity appraisal, refinancing appraisal, national appraiser network, Corridor Capital, Arcapita