Summary
There has been much written and published in the US about mortgage fraud and what, if anything, appraisal fraud may have contributed to the overall fraud problem. Appraiser influence occurs when you are pressured or coerced into doing something that contravenes the Institute's Code of Ethics, appraisal standards or your professional values. The most egregious form this has taken is appraiser identify theft; where a third party simply creates the report under your name or using your business name and letterhead. Preventing this type of fraud is a significant element of why the Institute partnered with Notarius for the provision of digital security services for reports and signatures. Preventing undue appraiser influence is a subject of increasing awareness in the US, where California adopted legislation, where US Congress is considering legislation, and where the New York Attorney General entered into an agreement as part of the settlement of his investigation into this practice.
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Extract
Undue Appraiser Influence
There has been much written and published in the US about mortgage fraud and what, if anything, appraisal fraud may have contributed to the overall fraud problem. By now, many would have read about the recent agreement between the New York Attorney General and Fann...
See the full content of this document
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