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Fraud Study Shows Importance of Competence, Ethics by Bank Systems & Technology
By admin | May 18, 2010
Fraud Study Shows Importance of Competence, Ethics by Bank Systems & Technology
Fraud Study Shows Importance of Competence, Ethics
Tags: Mortgage Fraud, Risk Management, Appraisal Institute, Lending, Competence, Ethics,
By Matt Gunn More from this author April 26, 2010
CHICAGO, April 26, 2010 — A new study indicating reports of mortgage fraud in the United States increased 7 percent from 2008 to 2009 shows why lenders need to hire competent, ethical appraisers, Appraisal Institute President Leslie Sellers, MAI, SRA, said Monday.
“These results are further evidence that lenders need to reconsider who they engage to perform appraisal assignments,” Sellers said. “The best way to mitigate real estate valuation fraud is to hire a competent, ethical appraiser.”
Topics: REAL ESTATE FRAUD |
