In a session entitled “Appraisal Fraud Prevention” speakers Steven Albert, MAI, SRA, Partner/Executive V.P., Allstate Appraisal, L.P. and Kathy Coon, CRU, SRA, Chief Appraiser-Director at FNC, Inc. shared some information lenders should know about the appraisal process. Under USPAP, the appraised value must be more than just an opinion of value. An appraisal must be credible, include all relevant information, it must support your value and provide sufficient information. It must not be misleading. This is a problem for lenders today because there is a concern not just about over valuation but also about under valuation. More to follow…