Atlas VMS Launches STR-Specific Appraisal Tool To Improve Non-QM Lending Accuracy

Atlas VMS has announced the launch of Atlas STR Insight, a Short-Term Rental (STR) Appraisal Form designed to help Non-QM lenders accurately evaluate short-term rental properties using STR-specific data and analytics.

Traditional appraisal forms, including Form 1007, were built for long-term rentals, not nightly stays. When applied to STRs, they often overlook seasonal demand, event-driven spikes, day-of-week pricing, and STR-specific expenses — leading to valuations that misstate both income potential and risk.

Atlas STR Insight was designed to assess short-term rentals so appraisers can leverage specialized STR data sources, including AirDNA, which captures booking data from Airbnb. Atlas VMS will provide appraisers access to AirDNA data reports as needed.

Atlas STR Insight captures:

• Seasonal Average Daily Rate (ADR) and occupancy curves
• Revenue performance around major events and local attractions
• Weekday vs. weekend rate differentials
• Key STR benchmarks such as revenue per available room (RevPAR) and length-of-stay patterns

“Short-term rentals don’t behave like traditional rentals, and they shouldn’t be appraised like them,” said Erik Morin, CEO of Atlas VMS. “By pairing STR-specific valuation methodology with robust market data sources like AIRDNA, Atlas STR Insight gives Non-QM lenders a clear, defensible look into real STR economics so they can lend with confidence.”

For Non-QM lenders, Atlas STR Insight delivers more accurate risk assessment, a standardized STR-focused appraisal package, and a competitive edge in serving investors in this fast-growing asset class. The form integrates into existing order workflows on the Atlas VMS platform, and participating appraisers can receive training on STR-specific valuation methodology.

The Atlas family of companies offers nationwide appraisal management, proprietary valuation products, and modern technology built for today’s mortgage market.