ValuedAppraiser™

In many reported instances of mortgage fraud, there is collusion between various parties to the transaction. Builders, loan officers, real estate agents, and/or borrowers can pressure appraisers to overstate a property’s value to ensure closing at the desired price.

Since appraising real estate is more subjective than an exact science, this type of fraud has been hard to prove. In markets where property values are soaring, the overstated values eventually become market value, so most everyone looks the other way. Yet when a downturn in the market occurs, this type of fraud can devastate entire neighborhoods and loan portfolios. Each homeowner, and the economy as a whole, relies on the continued strength of real property values.

While appraisal fraud trails dishonesty on loan applications and financials, it is real. It is growing. It is pervasive. FirstLine Data’s ValuedAppraiser^TM reports help to fight appraisal fraud. Among other things, licensing, industry sanctions, E&O coverage, references are verified whether an appraiser is a sole proprietor or a larger shop with several appraisers.

NEXT STEPS

	Call (800) 400-6906 or email sales@firstlinedata.com to discuss your specifc needs, customization, and integration options.
	Take a guided walk through our client website. Order a free trial ValuedAppraiserTM report.