Appraisal fees are always a big issue, with companies changing up their payment and transparency policies. In an effort to set itself apart in valuation space and provide the highest level of service and security, Landmark Network Inc. launched the PayView report.

With the recent increase in the unfortunate failure of mid- to large-sized regional and national AMCs and the subsequent lack of payment to appraiser vendors, Landmark Network Inc. saw an opportunity to help increase the trust and faith of their clients by providing transparency into their vendor payment practices. 

The PayView report provides the lender with just that transparency and an added layer of security that appraisers are being paid for their work in a timely fashion with the funds allocated by them. 

“We want to help mitigate the risk of lenders when they utilize our services. We will ensure that they are able to see and document our payment practices so they know that they have paid us and we have then paid the appraiser,” said Hunter Gorog, president and chief operating officer of Landmark Network Inc.

The report is designed to provide the client with a list of all appraisal orders completed in any given month with detailed information about those orders, the payment amount received by/due to Landmark Network and the amount and check number paid to the appraiser. 

“We’ve already implemented this monthly report providing our lenders a sense of greater security and confidence that work has been paid for,” said Erik Richard, Landmark Network Inc. chief executive officer. “This sets us apart from our competitors in that we are actively engaged in lowering risk for our clients.” 

Landmark Network Inc. is a fully licensed and compliant AMC and in accordance with individual state regulations pays the appraiser for work completed, regardless of whether or not payment has been secured from the client.