Big Brother is double-checking appraisers, and that’s a good thing

'Value reviews' mine big data to protect mortgage borrowers, lenders
Published on Aug 5, 2014

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The centerpiece of every mortgage application is the appraisal. Lenders originate residential mortgages on the basis of either the sale price or the appraised value, whichever is lower. If the appraisal is too high, sellers worry that they should have ...