Quality (E)valuations: Ensuring Appraisal Integrity through QC

MBA NewsLink | by Sharon Reichhardt

Published July 08, 2024

Appraisals are crucial in the mortgage process as they determine the value of the collateral securing the loan. Issues of biased and inaccurate appraisals have drawn attention from government-sponsored enterprises (GSEs), regulatory bodies, and consumers. Reports of discriminatory practices, where appraisal values differ significantly based on the homeowner’s perceived race, underscore a deep-seated issue. Overvaluation continues to be a persistent problem, exacerbated by fluctuating housing markets and soaring home prices.

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