Axis Appraisal Management Solutions has announced that it has entered into a letter of intent with Zaio Corporation in which Zaio would acquire Axis, subject to due diligence to be completed by April 15. Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the company's patented database of proactively maintained residential property valuations prepared by licensed appraisers across the U.S.
“Axis’ leadership team will remain intact and continue to manage appraisal operations with the same level of unparalleled quality and customer service its industry partners have come to expect,” said Kim Perotti, executive vice president of Axis. “The Axis client base has grown dramatically to include the largest lenders and servicers, and one benefit of this transaction will be Axis’s ability to provide a deeper suite of services and products to those clients, including home inspections, evaluations, AVMs and BPOs—all through enhanced technology.”
Axis is a privately held S-Corp and a national appraisal management company (AMC). It serves regional and national bankers, credit unions, attorneys, and homeowners with a highly-qualified team of certified appraisers and experienced quality control appraisers and account managers with regional focus.
“Collaborative evaluations diversify the types of opportunities for our elite panel of appraisers and afford a high standard of valuation products at various price points for our growing client base,” said Michael Simmons, senior vice president of Axis. “With these additional tools, we will now be in position to expand our footprint to a broader spectrum of clients. This transaction will open an exciting new chapter for Axis, Zaio, and its additional subsidiary, Valuation Vision.”