Validating current property valuations

Answered by:

Question:

We do validations at our bank but have been told that we should not change the value when doing a validation. Will you be discussing how to validate prior appraisal or evaluations?

Answer:

Yes. This webinar will give suggestions on how to properly document validations in your loan file. To answer your question briefly, if the value has changed, a new appraisal or evaluation is necessary for compliance in most situations.
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Learn more about Eric Collinsworth’s webinar Real Estate Evaluations 101 - Supporting the Value