Atlas
VMS,
the

appraisal
and
valuation
company
led
by

Erik
Morin,
announced
this
week
the
appointment
of
Joe
Pravettone
as
chief
appraiser.
The
company
describes
the
hire
as
a
“significant
addition”
to
its
leadership
team.

Pravettone
began
his
valuation
career
roughly
25
years
ago,
starting
as
an
independent
fee
appraiser
and
ultimately
working
for
both
national
appraisal
management
companies
(AMCs)
and
large
financial
institutions.

In
2017,
he
became
chief
appraiser
for
longtime
reverse
mortgage
industry
leader


American
Advisors
Group
(AAG),
a
position
he
held
until
the
end
of
2022.
He
then
held
chief
appraiser
positions
at

Prime
Choice
Funding
and

True
Footage
before
officially
joining
Atlas
VMS
in
April.

“We
are
delighted
to
have
Joe
Pravettone
join
our
team
as
chief
appraiser,“
Morin
said
in
a
statement.
“Joe’s
unparalleled
expertise
and
proven
leadership
will
be
instrumental
in
advancing
our
mission
of
delivering
exceptional
valuation
management
services
to
our
clients.“

“I
am
thrilled
to
join
Atlas
VMS
and
contribute
to
its
continued
success,“
Pravettone
added.
“I
look
forward
to
working
closely
with
the
talented
team
at
Atlas
VMS
to
elevate
our
appraisal
management
services
and
create
value
for
our
clients.“

Morin
previously
served
as
CEO
of
AMC

Landmark
Network
before

its
acquisition
by

Class
Valuation
in
2018.
Morin
left
Class
Valuation
three
years
ago
but
reentered
the
reverse
mortgage
valuation
space
last
year
by
joining
Atlas.

“The
industry
has
changed
a
bit
over
the
last
couple
of
years,”
Morin

told
RMD
in
2023.
“We’ve
had
some
new
entrants
into
the
space
and
we’ve
had
some
significant
exits.
So,
the
space
isn’t
exactly
the
way
it
was
when
I
left
it.
We
look
forward
to
connecting
with
the
companies
doing
business
out
there,
including
most
wholesale
lenders,
retail
lenders
and
brokers,
and
finding
the
opportunity
where
we
can
help
them
succeed.”

At
the
time,
Morin
also
explained
some
of
the
ways
the
appraisal
and
valuation
industry
has
changed,
and
how
that
might
interact
with
the
reverse
mortgage
business
in
the
future.

“It
will
affect
reverse
probably
later
than
it
will
the
traditional
lending
side,
but
the
work
that
Fannie
and
Freddie
is
doing
for
conventional
loans,
they’re
really
changing
the
game
on
that
side
of
the
business
and
working
to
achieve
property
valuation
in
a
way
that
doesn’t
exclusively
depend
on
appraisers
going
into
the
field
and
going
into
the
homes,”
he
said
in
2023.

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