When are requests for additional comps and other items a legitimate part of underwriting and when are they a not-so-subtle attempt to influence value? That is a question many appraisers are asking lately. At stake are many things, including whether consumers are really better off after all.
The Home Valuation Code of Conduct (HVCC), with its…
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Editor’s Note: Appraisers report that despite tough new appraisal independence laws, lenders, AMCs and others haven’t stopped trying to influence the process- they’re just being more careful about covering their tracks. Fraud expert Richard Hagar, SRA, explains how to protect yourself and your independence. Pressure, Subtle Influence and Plausible Deniability by Isaac Peck, Associate Editor...…
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Editor’s Note: Here, one appraiser explains why he is better off after HVCC and shares the names of a few AMCs he says are worth working for. The individual profiled here has been appraising 21 years in a large metro area in Texas and wishes to remain anonymous. Diary of a Happy (AMC) Appraiser I’m…
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