Appraiser Coercion or Not?
Posted by Krista Sabol on Jul 2, 2010 in Appraisals, Fraud, Origination, Processing, Underwriting Everyone in the mortgage industry, including borrowers are all too familiar with the challenge of trying to determine whether the comparables provided by the appraiser are adequate. Typically the underwriter is concerned that the value is inflated and the borrower and loan officer are concerned that the value is too low. The ‘tip toe’ around the home valuation code of conduct and requesting...read more
