More information from lenders from the Appraisal Fraud session: lenders must take care to ensure that the values returned on appraisal reports are adequately supported. It’s fine for appraisers to use automated appraisal review tools to provide data on market trends, other neighborhood sales and the history of the subject property. But having the data is only part of the service. Appraisers must also provide their analysis of that data. Speakers also pointed out that there is a tremendous demand right now for professionals capable of providing good post-funding appraisal reviews. More to follow…