By Peter C The residential valuation business for mortgage lenders has been taking big steps lately toward wide scale replacement of the historical Uniform Residential Appraisal Report (URAR or 1004) form used in mortgage lending. As this movement happens, some would-be providers of replacement valuation products (such as “hybrid” appraisals) and automated valuation models (AVMs) are fighting over
Via:: AMCs Fighting Over Next Generation Valuation Products and Technology
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Written by : Peter Christensen
Peter Christensen is an attorney. He’s a member of the California, Washington, and Montana state bars. His law practice is dedicated to valuation issues. He’s the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute. He has taught hundreds of appraiser legal and liability prevention seminars around the country.