DartAppraisal.com
DartAppraisal.com is an independent nationwide Appraisal Management Company (AMC) that manages a ~4,000-appraiser panel to deliver residential, commercial, and alternative property valuations to lenders (banks, credit unions, IMBs, brokers) across all 50 US states, using its proprietary Darto platform.
- Company typePrivate
- Founded1993
- HeadquartersTroy, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What DartAppraisal.com does
DartAppraisal.com (Dart Appraisal) is an independent, nationwide Appraisal Management Company (AMC) founded in 1993 by Darton Case and headquartered in Troy, Michigan. The company recruits, credentials, and manages a panel of approximately 4,000 active state-licensed appraisers (with nearly 8,000 approved panel members) handling 97% of orders, and serves lenders of all sizes — banks, credit unions, independent mortgage banks, servicers, mortgage brokers, home builders, manufactured home lenders, and commercial lenders. Dart holds AMC licenses in all 50 states plus Guam, Puerto Rico, and the US Virgin Islands, and is SOC 2 Type II certified. The company generates revenue on a transaction-fee basis per appraisal order, with custom quote-based enterprise pricing, and processes residential (full appraisal, alternate products, AVMs, BPOs), commercial (~4,000 assignments/year post-VMG acquisition), and alternative valuation work (Executive Value Report, Property Condition Report, Streamline Appraisal, Desktop Appraisal, ACE+PDR).
The company's core technology is Darto, a proprietary appraisal management system developed in 2001 on a Microsoft SQL database that has received millions in cumulative investment and manages the entire order, assignment, and delivery workflow. Darto integrates bi-directionally with major loan origination systems including Encompass, FNC AppraisalPort, Mortgage Builder, RealEC, and RES.net, and is paired with DartExpress (a 2009-launched self-serve broker portal) and Dart iQ (a rules-based automated QC tool covering 2,400 rules across 1,200 data points). Dart operates a sales-led go-to-market built around dedicated account coordinators, an inside sales team established in 2005, and direct enterprise relationships, supplemented by memberships in major industry associations (MBA, TMC, ACUMA) and regional banking groups. Growth has come through three strategic acquisitions — Valuation Management Group (2018, Southeast + commercial), USAMC (2020, nationwide residential), and MaxVantage (2022, East Coast) — followed by the company's first institutional capital from Corridor Capital in March 2025.
DartAppraisal.com firmographics
Firmographics- Name
- DartAppraisal.com
- Legal name
- Dart Appraisal
- Website
- https://dartappraisal.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- DartAppraisal.com is an independent nationwide Appraisal Management Company (AMC) that manages a ~4,000-appraiser panel to deliver residential, commercial, and alternative property valuations to lenders (banks, credit unions, IMBs, brokers) across all 50 US states, using its proprietary Darto platform.
- Ownership category
- akta.pro rank
DartAppraisal.com industry classification
Industry- Product category
- Appraisal Management Services
- NAICS
- Offices of Real Estate Appraisers (531320)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI)
- akta.pro secondary industries
- Residential Property Appraisal (BPAJAKAA), Commercial Property Appraisal (BPAJAKAB), Automated Valuation Models (AVM) & Desktop/Hybrid Appraisals (BPAJAKAO), Multi-Family & Affordable Housing Appraisal (BPAJAKAE)
Keywords
Where DartAppraisal.com is headquartered
LocationHeadquarters
- HQ city
- Troy
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
DartAppraisal.com business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Appraisal Management Services: Dart generates revenue by managing the appraisal process for lenders. The company recruits, credentials, and manages a nationwide panel of state-licensed appraisers to complete residential, commercial, and alternative valuation products for lending institutions. Revenue is derived from fees charged for each appraisal order processed through their platform.
- Alternative Valuation Products: Dart offers alternative products including AVMs, BPOs, Executive Value Reports (EVR), Property Condition Reports (PCR), Streamline Appraisals, and Desktop Appraisals. These products provide lenders with valuation options beyond traditional full appraisals.
- Commercial Appraisal Services: Following the acquisition of VMG in 2018, Dart expanded into commercial appraisals, now handling approximately 4,000 commercial appraisal assignments per year with specialized review processes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom enterprise pricing based on market area, LOS platform, appraiser panel requirements, SLAs, and product type. |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
DartAppraisal.com product offering
Product offeringCore offering
Dart Appraisal is an independent nationwide Appraisal Management Company (AMC) that manages the residential and commercial real estate appraisal process for lenders. The company recruits, credentials, and manages a panel of state-licensed appraisers across all 50 states plus Guam, Puerto Rico, and US Virgin Islands to deliver full appraisals, alternative valuation products (AVMs, BPOs, EVRs, PCRs, desktop appraisals, streamline appraisals), and commercial appraisals for mortgage lenders, banks, credit unions, brokers, and home builders. Revenue is generated through transaction fees charged for each appraisal order processed through its proprietary Darto platform.
Product overview
Dart Appraisal is an independent nationwide Appraisal Management Company (AMC) founded in 1993, offering a comprehensive suite of residential, commercial, and alternative valuation products and services. The core offering centers on full residential appraisals (including Form 1004 and HUD REO FHA orders) and commercial appraisals, supported by a proprietary technology platform called Darto. The product portfolio is structured around: (1) core appraisal products (Full Residential Appraisal, Commercial Appraisals, Alternate Products including AVMs and BPOs), (2) alternative/streamlined products (Executive Value Report, Property Condition Report, Streamline Appraisal, Streamline Evaluation, Desktop Appraisal, ACE+PDR for Freddie Mac), (3) custom/adjacent services (Reconsideration of Value, Custom Products, retro reviews), and (4) technology-enabled QC tools (Dart iQ). The company operates in all 50 states plus Guam, Puerto Rico, and US Virgin Islands through a panel of ~4,000 active appraisers (nearly 8,000 approved).
Differentiator
Problem solved
Functional benefit
Products and services
- Full Residential Appraisal
Quantifiable outcome
- Dart iQ has reduced client corrections up to 50%
- +3 more outcomes
Companies that use DartAppraisal.com
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
DartAppraisal.com technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature5 records
DartAppraisal.com partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and regional.
- HouseCanarycoreDart Appraisal partnered with HouseCanary to accelerate the growth of the HouseCanary Agile Appraisal Platform. Dart appraisers fulfill Agile Appraisal orders using HouseCanary's proprietary software and real estate data sets. The platform divides the appraisal process - allowing appraisers to focus on valuation details while leveraging HouseCanary's data analytics for accurate appraisals in as little as five days.
- Ditech FinancialmajorDitech Financial named Dart Appraisal as an approved AMC following a rigorous vetting process. Dart began providing residential valuation services to all of Ditech's mortgage origination channels immediately.
- Mortgage Bankers Association (MBA)coreDart is a proud member of MBA, the only association representing all segments of the real estate finance industry. MBA membership supports Dart's mission of empowering lenders through best-in-class appraisal management services.
- The Mortgage Collaborative (TMC)coreDart is one of only three AMCs selected to serve TMC's 200+ lender members nationwide. TMC is an independent mortgage cooperative. Dart was selected as an AMC from the group's inception.
- Michigan Mortgage Lenders Association (MMLA)regionalDart is a member of MMLA, the exclusive trade group representing Michigan's mortgage industry. Dart is proud to be one of the Michigan-based AMCs serving MMLA members.
- Georgia Bankers Association (GBA)regionalDart is the only Appraisal Management Company that is a member of GBA, a trade and professional organization representing banks and thrift institutions in Georgia.
- Mortgage Bankers Association of Georgia (MBAG)regionalDart is a proud member of MBAG, a trade association composed of mortgage lenders, brokers and affiliated industry associates. Dart is one of the AMCs selected to provide appraisal management services to MBAG members.
- American Credit Union Mortgage Association (ACUMA)coreDart is a proud member of ACUMA, which has been making an impact for over 25 years. Dart has a long history of working with credit unions across the country, including several of the largest. Their white-glove service philosophy is well suited for serving Credit Union members.
- New Jersey Bankers Association (NJ Bankers)regionalDart is a proud member of NJ Bankers, an advocate for the New Jersey banking industry. This membership supports their East Coast operations following the MaxVantage acquisition.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
DartAppraisal.com competitors and assessment
Company assessmentDirect peers
- Class Valuation: Class Valuation is one of the largest independent AMCs in the U.S., providing residential and commercial appraisal management services to lenders nationwide. Directly comparable to Dart in business model, target customer (mortgage lenders, banks, credit unions), and product suite.
- Solidifi: Solidifi is a leading North American AMC serving mortgage lenders, brokers, and banks with residential valuation management. Comparable to Dart in panel-based appraisal management, LOS integrations, and lender-focused GTM.
- AMC Bridge (a class valuation company): AMC Bridge offers nationwide residential and commercial appraisal management with technology-driven order routing. Operates in the same lender-facing AMC model with comparable panel breadth and product offerings.
- LRES Corporation: LRES is a nationwide residential AMC providing appraisal management, BPOs, and asset management services to mortgage lenders and servicers. Comparable to Dart in residential appraisal volume, technology platform, and lender customer base.
- Nationwide Appraisal Network (NAN): NAN is a nationwide appraisal management company serving lenders with residential valuations and alternative products. Similar GTM targeting mortgage lenders and brokers with a multi-state licensed appraiser panel.
- PCV Murcor: PCV Murcor is a national AMC specializing in commercial and residential appraisal management with proprietary technology and a national appraiser panel. Directly comparable, with particular overlap in Dart's commercial appraisal business.
- Reliance Valuation Group: Reliance Valuation Group provides nationwide appraisal management for residential and commercial properties to lenders and financial institutions. Operates a comparable panel-based, technology-enabled AMC model.
- Valued Veterans (ServiceLink): Valued Veterans, owned by ServiceLink, is a nationwide AMC focused on residential appraisal management. Comparable to Dart in lender-focused services, panel management, and national coverage.
Broad incumbents
- CoreLogic (Mercury Network): CoreLogic operates Mercury Network, a major AMC technology platform and appraisal management service, as part of a broader data and analytics portfolio serving mortgage and real estate industries. Larger incumbent competing in adjacent segments.
- ICE Mortgage Technology (Black Knight): ICE Mortgage Technology (formerly Black Knight) provides loan origination systems (Encompass) and appraisal-related technology infrastructure to the mortgage industry. A broad incumbent whose LOS platform competes with and integrates into Dart's Darto workflow.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
DartAppraisal.com social profiles
Digital presenceDartAppraisal.com compliance and trust
Trust signalCompliance2 records
DartAppraisal.com financial estimates
Financial estimateRevenue estimate
Valuation estimate
DartAppraisal.com leadership team
Management profileNumber of profiles
Profiles7 records
DartAppraisal.com subsidiaries and ownership
Company hierarchySubsidiaries3 records
DartAppraisal.com funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DartAppraisal.com M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DartAppraisal.com
What does DartAppraisal.com do?
Dart Appraisal is an independent nationwide Appraisal Management Company (AMC) that manages the residential and commercial real estate appraisal process for lenders. The company recruits, credentials, and manages a panel of state-licensed appraisers across all 50 states plus Guam, Puerto Rico, and US Virgin Islands to deliver full appraisals, alternative valuation products (AVMs, BPOs, EVRs, PCRs, desktop appraisals, streamline appraisals), and commercial appraisals for mortgage lenders, banks, credit unions, brokers, and home builders. Revenue is generated through transaction fees charged for each appraisal order processed through its proprietary Darto platform.
Is DartAppraisal.com a public or private company?
DartAppraisal.com is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DartAppraisal.com founded?
DartAppraisal.com was founded in 1993. It employs 51 to 100 people.
Where is DartAppraisal.com based?
DartAppraisal.com is headquartered in Troy, United States, in the North America region.
How does DartAppraisal.com make money?
Three revenue lines are on record. Appraisal Management Services are the primary driver. The others are alternative Valuation Products and commercial Appraisal Services.
Who are DartAppraisal.com's main competitors?
Direct peers on record are Class Valuation, Solidifi, AMC Bridge (a class valuation company), LRES Corporation, Nationwide Appraisal Network (NAN), PCV Murcor, Reliance Valuation Group and Valued Veterans (ServiceLink). Broad incumbents are CoreLogic (Mercury Network) and ICE Mortgage Technology (Black Knight).
Does DartAppraisal.com have an API?
No public API is recorded for DartAppraisal.com.
What industry is DartAppraisal.com in?
DartAppraisal.com's product category is Appraisal Management Services. Its primary akta.pro industry code is FSALALAI, Property Valuation: Appraisal Management (AMC) & Appraiser Networks, with a secondary code of BPAJAKAA, Residential Property Appraisal. Its NAICS code is 531320 and its SIC code is 6531.