The Nationwide Group

What The Nationwide Group does

The Nationwide Group of Companies (TNGOC), founded in 1996 in Markham, Ontario, operates two complementary businesses in the residential and commercial real-estate valuation space. Through its subsidiary Nationwide Appraisal Services (NAS), it is Canada's largest appraisal management company (AMC) and serves financial institutions, lenders, and mortgage brokers across Canada and Latin America via a network of 2,500+ credentialed appraisers operating in 21+ countries. Through its US-focused subsidiary Connexions, it provides a cloud-based enterprise appraisal management software platform that lenders and other AMCs license to self-manage their appraisal workflows. The company has facilitated over $18 trillion in cumulative mortgage volume across more than 20 million appraisals.

The underlying technology stack centers on the Connexions cloud platform, which integrates an AI-powered Smart Assignment Engine, an Intelligent Valuation Portal (IVP) for routing appraisal requests to optimal service types, a CNX360 virtual inspection tool, Predicted Delivery forecasting, AVMs and Insured AVMs, commercial bidding, QuickQuote, Inside Track, and Portfolio Ordering modules. The platform connects into the dominant US loan origination systems — ICE Mortgage Technology's Encompass (via Partner Connect API), Black Knight Exchange (Empower), and Mortgage Director (Fiserv) — and into Canada's Filogix Expert Marketplace, with additional integrations to AVM providers, flood determination services, and ProxyPics for property inspection. Revenue is generated through two channels: transaction fees on appraisal orders processed under NAS full-service management, and SaaS subscription/usage fees on the Connexions platform. Pricing is quote-based and not publicly disclosed; appraisal fees vary by property complexity, service type, and geography.

The customer base is dominated by regulated financial institutions, including the Big Five Canadian banks (TD, RBC, BMO, Scotiabank, National Bank of Canada), Desjardins, and several large credit unions, with Connexions extending the footprint to US lenders. The company is independently owned (no outside investors or parent), founder-led by CEO Tom McCormick, and operates from offices in Canada (Markham), the United States (Jacksonville, FL), and Mexico (Naucalpan). Strategic emphasis is on independent valuation integrity, breadth of geographic coverage, and embedded integrations with the major loan origination platforms rather than on venture-backed scale.

Name

The Nationwide Group

Legal name

The Nationwide Group of Companies

Website

https://tngoc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

The Nationwide Group of Companies, founded in 1996 in Markham, Ontario, operates two businesses in real-estate valuation: Nationwide Appraisal Services (NAS), Canada's largest appraisal management company serving financial institutions and brokers across Canada and Latin America, and Connexions, a US-focused cloud-based appraisal management software platform for lenders and AMCs, processing more than 20 million appraisals via a network of 2,500+ appraisers.

Ownership category

akta.pro rank

Product category

Real Estate Appraisal Management

NAICS

Offices of Real Estate Appraisers (53132), Offices of Real Estate Appraisers (531320)

SIC

Real Estate Agents & Managers (For Others) (6531), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI)

akta.pro secondary industries

Quality Control (QC), Compliance & Audit Tools for Underwriting (FSALALAL), Automated Valuation Models (AVM) & Property Data/Analytics (FSALALAJ)

Keywords

• Appraisal management services
• Valuation software platform
• Automated valuation model
• Mortgage valuation solutions
• Property inspection technology

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Appraisal Management Services (NAS): Full-service appraisal management for lenders, including assignment to vetted appraisers, compliance oversight, quality control, and reporting. Revenue generated per appraisal transaction processed through the platform.
2. Appraisal Management Software (Connexions): SaaS platform licensing for lenders and AMCs to manage their own appraisal workflows. Subscription or usage-based model for access to the platform's assignment, tracking, and reporting capabilities.
3. Valuation Products: AVM products, insured AVMs, and appraiser-enhanced AVMs offered as supplementary valuation options with associated fees per valuation report.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

The Nationwide Group delivers property valuation solutions to financial institutions, lenders, mortgage brokers, and AMCs through two subsidiaries: NAS, a full-service appraisal management company assigning vetted appraisers, tracking, compliance, payment processing, and reporting across Canada and Latin America; and Connexions, a cloud-based SaaS platform with AI-powered Smart Assignment, IVP, virtual inspection tools, AVMs, and LOS integrations serving US lenders and AMCs. The offering combines managed services with enterprise software, supported by a 2,500+ appraiser network, AVMs, flood zone determinations, and integrations with ICE Mortgage Technology, Black Knight, Mortgage Director, and Filogix.

Product overview

The Nationwide Group operates two primary product lines: NAS (Nationwide Appraisal Services) and Connexions. NAS is a full-service appraisal management company (AMC) serving Canada and Latin America since 1996, providing end-to-end valuation solutions including appraisal assignment, tracking, compliance management, and payment processing through a network of 2,500+ appraisers. Connexions is a cloud-based appraisal management software platform serving the US market, offering AI-powered assignment engines, automated workflow management, AVM products, and integration with major loan origination systems (ICE Mortgage Technology, Black Knight Empower, Mortgage Director). The products share complementary capabilities including Commercial Appraisal Management, Virtual Inspection Tools (CNX360/NAS360), Intelligent Valuation Portal, Predicted Delivery forecasting, and QuickQuote functionality. Both platforms support broker and lender portals for order management and integrate with AVM providers, flood zone determination services, and property inspection providers like ProxyPics.

Differentiator

Problem solved

Functional benefit

Brands

• NAS (Nationwide Appraisal Services): Full-service appraisal management company providing valuation solutions to financial institutions, lenders, and consumers in the real estate and mortgage industries across Canada and Latin America.
• Connexions

Products and services

• NAS (Nationwide Appraisal Services) Full-service appraisal management company (AMC) delivering expert valuation solutions across Canada and Latin America since 1996. Provides end-to-end appraisal management including assignment of vetted appraisers, tracking, compliance oversight, quality control, and payment processing for financial institutions (Schedule A banks, monoline lenders, credit unions), mortgage brokers, and consumers. Operates through a network of 2,500+ credentialed appraisers with support for trilingual valuation forms (English, French, Spanish).
• Connexions Software Cloud-based SaaS appraisal management software platform empowering lenders, AMCs, and brokers in the US market to design workflows unique to their business needs. Offers enterprise-grade automation including AI-powered Smart Assignment Engine, Intelligent Valuation Portal (IVP), CNX360 Virtual Inspection Tool, Predicted Delivery forecasting, QuickQuote, Inside Track, Portfolio Ordering, AVM and Insured AVM products, Flood Zone Determinations, and integrations with major loan origination systems (ICE Mortgage Technology Encompass, Black Knight Empower, Mortgage Director by Fiserv, and Filogix Expert Marketplace).

Quantifiable outcome

• Faster Closings: Measurable improvements in turnaround times through intelligent automation
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

Feature10 records

Partnerships

Seven partnerships are on record, tiered minor, major and core.

• Seneca CollegeminorStrategic or Co-development Partner · 18 August 2021NAS founded the Nationwide Appraisal Services Award scholarship supporting Real Property Administration (Assessment & Appraisal) students. CEO Tom McCormick is a Seneca graduate, emphasizing commitment to developing future appraisers.
• ICE Mortgage TechnologymajorTechnology or Integration · 14 July 2021Integration built on Partner Connect API Platform enables lenders to access Connexions valuation software through ICE's Encompass LOS, driving quality and efficiency in loan origination.
• Filogix (Finastra)majorTechnology or Integration · 13 July 2020Integration with Filogix Expert Marketplace enables brokers to directly order, manage, and view appraisals through the Filogix platform, eliminating rekeying and providing seamless access to NAS broker pricing model.
• Black Knight (ICE)majorTechnology or Integration · 13 April 2020Integration with Black Knight Exchange provides access to Empower LOS, enabling lenders to directly submit orders into Connexions platform and AMCs to seamlessly receive orders from lenders using Empower.
• Canada Mortgage and Housing Corporation (CMHC)coreStrategic or Co-development Partner · 22 June 2018NAS selected as vendor by CMHC for a period of three years (July 5, 2018 to July 4th, 2021 with possibility of extensions). NAS's wide network of appraisers contributes to CMHC's housing mandate and mortgage portfolio support.
• ScotiabankcoreStrategic or Co-development Partner · 29 May 2018NAS expanded business relationship with Scotiabank to enter Panama market, leveraging long-term relationship established in Canada and Caribbean. Partnership establishes service standards for mortgage valuation in Latin America.
• Banco de Costa RicacoreStrategic or Co-development Partner · 23 May 2018NAS launched operations in Costa Rica with Banco de Costa Rica, the country's second largest bank. NAS is Costa Rica's first AMC with capability to function entirely in Spanish, and the only AMC with trilingual valuation forms with risk analysis.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Solidifi: One of North America's largest independent AMCs, offering full-service appraisal management to lenders and AMCs; directly comparable to Nationwide Appraisal Services (NAS) as a multi-country AMC serving major lenders.
• ServiceLink (a Black Knight company): The largest US-based AMC, providing appraisal, title, closing, and valuation services; directly competes with NAS in the AMC category and overlaps with Connexions in US lender software.
• Class Valuation: US-focused AMC providing appraisal management, field inspection, and valuation analytics to mortgage lenders; directly comparable to Connexions' enterprise appraisal management platform.
• Clear Capital: Provider of appraisal management, AVMs, property data, and analytics to lenders; directly comparable to NAS and Connexions given overlapping AMC and AVM product lines.
• Appraisal Management Partners (AMP): Independent AMC serving lenders and AMCs with appraisal management services; directly comparable to Nationwide Appraisal Services in the US AMC space alongside Connexions.
• Radian Appraisal Services: Radian Group's AMC subsidiary offering appraisal management and valuation solutions to mortgage lenders; directly comparable to NAS in customer base (lenders) and AMC offering.
• Veros Real Estate Solutions: AVM and property data analytics provider used by mortgage lenders; overlaps with TNG's AVM products via the Intelligent Valuation Portal and is a partial direct peer in valuation analytics.

Broad incumbents

• CoreLogic (ICE): Large real estate data, analytics, and valuation platform with broad AVM, property data, and workflow capabilities; broader incumbent comparable to TNG's combined NAS + Connexions + AVM footprint.

Others

• Black Knight (ICE) Empower LOS: Loan origination system and exchange network partnered with Connexions for seamless order submission; ecosystem partner/incumbent LOS rather than a direct AMC competitor.
• ICE Mortgage Technology (Encompass): Largest US mortgage loan origination platform partnered with Connexions via Partner Connect API; adjacent infrastructure provider rather than direct AMC competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NAS_AMC
• LinkedInlinkedin.com/company/the-nationwide-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Nationwide Group