Mortgages: Two sides to appraisal technology debate - 2005-02-10
Paul Robertson, 31, will spend 15 years in an Arkansas prison for manipulating real estate appraisals on properties in Benton, Ark. Robertson's scheme was using appraisal software to defraud lenders to grant home loans on empty lots.
The most common appraisal technology tools are automated valuation models, known as AVMs, which jumped in usage during the mortgage refinance boom of the last few years.
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