This article addressed the computerized appraisal methods being used by larger lenders.
http://online.wsj.com/article/SB10001424052970204204004576049974087536438.html?mod=wsj_share_twitter
Howard Hanna Smythe Cramer - Wadsworth, OH
That is an interesting article. I had no idea some banks were doing this. It makes no sense!
Dec 31, 2010 03:39 AM
Minneapolis, MN
Jessica,
It really does not seem make sense. It seems to be another over corrections in the industry of mistakes made in the past. I am lucky enough to work for a company that doesn't have to use the appraisal system set up in the format the article discusses.
Happy New Year!
Dec 31, 2010 04:12 AM
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