New Appraisal Rules; The Sky Is Not Falling – Forbes
Collateral Underwriter is an automated risk assessment software that reviews appraisal reports for FannieMae regulated mortgages. There has been much discussion that the program (already updated to another version since released at the beginning of the year) is essentially creating a ‘zestimate’ i.e. automatic valuation based on algorithms. Or it could just speed the process …
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