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Special Reports
In this section of BrokerUniverse we examine a subject of key importance
for mortgage originators every month, based on special reports that run in our sister publication, Origination News.
AVM/Appraisals/BPOs
AVM/Appraisals/BPOs: Art, Science Or Both?
The former FHA commissioner, William Apgar, is quoted in this Special Report as
saying appraisals are an art, not a science. However, that concept is quickly changing as the lines between art
and science are getting blurred.
The use of automated tools, whether to assist in or replace altogether traditional
appraisals, has taken solid root in the mortgage origination business. Whether these tools make an impact in one
of the most controversial areas involving appraisals is an open question.
This Special Report looks at a complaint of many appraisers, who claim they are
subject to pressure from lenders, subtle or overt, to increase the amount of their valuations.
But will AVMs be a buffer helping protect appraisers and backing their decisions?
Some in the industry believe not. While the automated method cannot be influenced, the model is only as good as
the information behind it.
In this Special Report, read about Hansen Quality's new product, which is designed
to detect overvaluation risk.
Executives at Fidelity National Financial, Hansen's parent, say the product is
for those who want a higher level of due diligence on the appraisal.
Also read about RealEC's new rules-based appraisal solution, as well as learning
how eAppraiseIt is moving into appraisal management.
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