Lawsuit claims AppraisalPort mining reports for database 
FNC says reports are confidential, but some lenders share data
By Matt Carter, Monday, July 2, 2007.A Web portal that lets lenders order property valuations online "dupes" appraisers by mining their reports to build a database of property information it resells to lenders, a lawsuit alleges.
The allegations against FNC Inc. over its AppraisalPort service are made by three appraisal firms, whose attorneys seek class-action status to represent other firms.
FNC maintains that information in its National Collateral Database is furnished by lenders, not appraisers, and that reports filed through AppraisalPort remain confidential.
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