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Is a quality control review required for all valuation methods included in the mortgage file (i.e., full appraisal, AVM, desk review, field review)?

April 26, 2017CONTROL file included methods mortgage quality review valuation

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Is a quality control review required for all valuation methods included in the mortgage file (i.e., full appraisal, AVM, desk review, field review)?

1 Answer

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The quality control review must be performed on the valuation method that was used for determining the loan-to-value (LTV) for the transaction.