1st National Appraisal Source

What 1st National Appraisal Source does

1st National Appraisal Source (1stNAS) is an appraisal management company (AMC) founded in 2009 and headquartered in Novi, Michigan, with an additional office in Baltimore, Maryland. The company operates as an intermediary between lenders, mortgage brokers, and borrowers on one side and a national network of contracted local appraisers on the other, coordinating residential and commercial property valuations, appraisal reviews, appraisal audits, TRID fee quotes, and compliance consulting services.

The company's core technology is a proprietary appraisal management system accessible via its appraisalscope.com portal, which supports client ordering, appraiser sign-up, and order status tracking. The platform is positioned as a compliance-oriented workflow layer that simplifies a heavily regulated process; the company explicitly cites integration and interoperability as its technology differentiator. There is no evidence of an external API, SDK, or partner-facing developer tooling. All field valuation work is performed by human appraisers in the company's nationwide network, with the firm compensating appraisers above industry-standard rates to retain supply.

1stNAS generates revenue on a transaction-fee basis, earning per-appraisal fees as orders flow through its management system. Its go-to-market is sales-led and horizontal across lender, broker, and borrower segments, supplemented by referral-driven growth and a dedicated Key Account Team for larger clients. The firm is appraiser-owned and operated, led by CEO and Owner Kimberly Morrison-Schop and Founder and Owner Shawnn Schaeffer, with no disclosed institutional investment or parent company structure.

Name

1st National Appraisal Source

Legal name

First National Appraisal Source

Website

https://1stnas.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

1st National Appraisal Source is a privately held appraisal management company founded in 2009 that coordinates residential and commercial property valuations through a national network of contracted appraisers, serving lenders, brokers, and borrowers via its proprietary appraisalscope.com platform.

Ownership category

akta.pro rank

Product category

Real Estate Appraisal Management Services

NAICS

Offices of Real Estate Appraisers (531320)

akta.pro primary industry

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

akta.pro secondary industries

Residential Property Appraisal (BPAJAKAA), Commercial Property Appraisal (BPAJAKAB), Appraisal Review & Quality Assurance Services (BPAJAKAN), Real Estate Valuation & Appraisal Advisory (FSAEAJAI)

Keywords

• Appraisal management services
• Residential property appraisal
• Commercial property appraisal
• Appraisal review and audit
• Mortgage compliance consulting

Headquarters

HQ city

Novi

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Appraisal Services: The company generates revenue through providing residential and commercial appraisal services, appraisal reviews, and audit services to lenders, brokers, and borrowers. They also offer TRID fee quotes and compliance consulting services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

1st National Appraisal Source is an appraiser-owned Appraisal Management Company (AMC) that coordinates residential and commercial property valuations through a nationwide network of local appraiser partners. It manages the end-to-end appraisal workflow for lenders, brokers, and borrowers via its proprietary online platform, supporting services including appraisal reviews, audits, TRID fee quotes, and compliance consulting.

Product overview

1st National Appraisal Source offers a suite of appraisal management services as a unified platform. The core offerings include Residential Appraisal and Commercial Appraisal services for lenders, brokers, and borrowers, supported by Appraisal Review and Appraisal Audit services for quality control. The company also provides TRID Fee Quotes and Compliance Consulting to address regulatory requirements. All services are delivered through partnerships with local appraisers across the United States, managed via the company's internal appraisal management system. Founded in 2009, the company is appraiser-owned and operated, with operations in Michigan and Maryland.

Differentiator

Problem solved

Functional benefit

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Direct peers

• Valuation Management Group (VMG): VMG is a national appraisal management company providing residential and commercial appraisal services to mortgage lenders, credit unions, and banks — a direct peer with overlapping customer base and service offering.
• LRES Corporation: LRES is a national AMC and asset management company offering appraisal, BPO, and REO services to lenders and servicers — directly comparable to 1stNAS in lender-focused appraisal management.
• Class Valuation: Class Valuation is a national appraisal management company serving mortgage lenders with residential and commercial appraisal, review, and quality-control services — directly comparable to 1stNAS in customer base, service mix, and AMC business model.
• Nationwide Appraisal Network (NAN): NAN is an AMC providing nationwide residential and commercial appraisal management to lenders, with a network of local appraisers — a direct peer to 1stNAS in operating model and customer segments.

Emerging players

• Collateral Analytics: Collateral Analytics provides automated valuation and appraisal analytics tools to lenders — an emerging PropTech competitor whose desktop/AVM capabilities partially substitute for traditional AMC-driven appraisals.

Broad incumbents

• ServiceLink: ServiceLink, part of Fidelity National Financial, is a large incumbent in mortgage and real estate services offering appraisal management alongside title, closing, and default services — a broader competitor with deeper capital and technology.
• Clear Capital: Clear Capital is an established valuation technology and services firm offering appraisal management, AVMs, and analytics to mortgage lenders — a broader incumbent overlapping with 1stNAS on AMC services but differentiated by proprietary technology.

Others

• MeridianLink (including Mortgage Cadence / Tavant mortgage assets): MeridianLink provides mortgage loan origination and valuation technology platforms that interface with appraisal management workflows — an adjacent technology provider that competes indirectly for the lender technology wallet.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/1stnas
• LinkedInlinkedin.com/company/1st-national-appraisal-source

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 1st National Appraisal Source