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How appraisal review products are helping shape the valuation industry (pt. 1)
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The quality of an appraisal hinges on accuracy and defensibility. In turn, the reputations of those in the settlement services professions depend on being able to have faith that property valuations have been determined using sound reason and dependable metrics.
Appraisal review products are helping lenders, appraisal management companies (AMCs) and appraisers cross-check appraisals in a more comprehensive way than in the past. The result is more confidence in valuation conclusions.
In part one of our feature, Valuation Review talks with five companies at the forefront of developing appraisal review products to see how these products are helping to change the industry.
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